£307,663
This estimated value is based upon the latest sale price for the house of £306,000 on 2 Mar 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £306,000 | 2 Mar 2023 |
| £70,000 | 25 Oct 1996 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,241 sq feet |
This model uses changes in the Official Land Registry House Price Index for LINCOLNSHIRE to estimate the market value.
When this house was purchased in March 2023 the House Price Index for LINCOLNSHIRE was 147.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.543%.Applying this 0.543% change to the original purchase price of £306,000 results in an estimated price of approximately £307,663.
| 2 Mar 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 148.0 | 0.543 % | £306,000 | £1,663 | £307,663 |
The Postcode Pricing Model uses changes in average sales price within the LN6 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | -22.292 % | £-68,214 | £237,785 |
| 3 Month Average | -4.564 % | £-13,965 | £292,034 |
| 6 Month Average | -5.124 % | £-15,680 | £290,319 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £231,407 | £230,000 | 1 ACER COURT |
| 28 Mar 2023 | £301,630 | £300,000 | 9 WEDGEWOOD GROVE |
| 2 Mar 2023 | £307,663 | £306,000 | 9 METHERINGHAM CLOSE |
| 4 Mar 2022 | £307,559 | £298,000 | 54 ELSHAM CRESCENT |
| 3 Mar 2022 | £175,453 | £170,000 | 10 WEDGEWOOD GROVE |
This house has a floor area of 115 sq meters or 1,241 sq feet when measured on 14 Feb 2011. Using an estimated price of £307,663 means this house is valued at £2,666 per sq meter (£247 per sq foot).
The average size of a house on METHERINGHAM CLOSE is 212 sq meters (2,285 sq feet).
This house is the smallest in the street with a floor area of 115 sq meters (1,241 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Folkingham Close |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Folkingham Close |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Folkingham Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Folkingham Close |
| Mar 2024 | Other crime | Under investigation | On or near Ridgewell Close |