£114,923
This estimated value is based upon the latest sale price for the house of £85,950 on 8 Apr 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £85,950 | 8 Apr 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 36 sq meters or 387 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 April 2016 the House Price Index for LINCOLNSHIRE was 109.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.710%.Applying this 33.710% change to the original purchase price of £85,950 results in an estimated price of approximately £114,923.
| 8 Apr 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 109.7 | 146.7 | 33.710 % | £85,950 | £28,973 | £114,923 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | -6.614 % | £-5,684 | £80,265 |
| 3 Month Average | 12.676 % | £10,894 | £96,844 |
| 6 Month Average | 23.606 % | £20,288 | £106,238 |
This house has a floor area of 36 sq meters or 387 sq feet when measured on 18 Jul 2016.
The average size of a house on SPRING HILL is 109 sq meters (1,176 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Motherby Hill | |
| Dec 2023 | Anti-social behaviour | On or near Motherby Hill | |
| Dec 2023 | Anti-social behaviour | On or near Motherby Hill | |
| Dec 2023 | Drugs | Offender given a caution | On or near Motherby Hill |
| Dec 2023 | Anti-social behaviour | On or near Motherby Hill |