£256,719
This estimated value is based upon the latest sale price for the house of £243,000 on 21 Feb 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £243,000 | 21 Feb 2022 |
| £169,950 | 29 May 2015 |
| £165,000 | 27 May 2010 |
| Detached |
| Freehold |
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 February 2022 the House Price Index for LINCOLNSHIRE was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £243,000 results in an estimated price of approximately £256,719.
| 21 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £243,000 | £13,719 | £256,719 |
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 | 12.392 % | £30,113 | £273,113 |
| 3 Month Average | 4.276 % | £10,391 | £253,391 |
| 6 Month Average | 0.194 % | £472 | £243,472 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £255,635 | £250,000 | 11 GRANDFIELD WAY |
| 21 Mar 2023 | £218,652 | £215,000 | 2 MARCUS CLOSE |
| 9 Feb 2023 | £357,387 | £355,000 | 11 OCTAVIAN CRESCENT |
| 29 Jun 2022 | £260,570 | £255,000 | 17 OCTAVIAN CRESCENT |
| 30 May 2022 | £210,997 | £205,500 | 4 MAXIMUS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Other theft | Under investigation | On or near Octavian Crescent |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Octavian Crescent |
| Jun 2024 | Violence and sexual offences | Under investigation | On or near Octavian Crescent |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Marcus Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Marcus Close |