£388,550
This estimated value is based upon the latest sale price for the house of £360,000 on 6 Dec 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £360,000 | 6 Dec 2021 |
| 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 December 2021 the House Price Index for LINCOLNSHIRE was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £360,000 results in an estimated price of approximately £388,550.
| 6 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £360,000 | £28,550 | £388,550 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | -15.440 % | £-55,585 | £304,414 |
| 3 Month Average | 4.221 % | £15,193 | £375,193 |
| 6 Month Average | 2.354 % | £8,472 | £368,472 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Jan 2023 | £571,527 | £570,000 | THE OLD FORGE ROYAL OAK LANE |
| 6 May 2022 | £308,025 | £300,000 | 25 ROYAL OAK LANE |
| 31 Jan 2022 | £477,089 | £450,000 | UNIT 2 LINCOLN ENTERPRISE PARK NEWARK ROAD |
| 6 Dec 2021 | £388,551 | £360,000 | LINDUM VIEW BUTTS LANE |
| 5 Oct 2021 | £2,787 | £2,500 | RUBY MAY COTTAGE SOUTH HYKEHAM ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Drugs | Under investigation | On or near Royal Oak Lane |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chapel Lane |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Nettleton Drive |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Nettleton Drive |
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Nettleton Drive |