£463,045
This estimated value is based upon the latest sale price for the house of £425,000 on 30 Nov 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £425,000 | 30 Nov 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 November 2021 the House Price Index for LINCOLNSHIRE was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £425,000 results in an estimated price of approximately £463,045.
| 30 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £425,000 | £38,045 | £463,045 |
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 | -24.661 % | £-104,810 | £320,189 |
| 3 Month Average | 14.241 % | £60,525 | £485,525 |
| 6 Month Average | -0.331 % | £-1,407 | £423,592 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £254,208 | £252,000 | 5 BARNES LANE |
| 20 Mar 2024 | £355,461 | £350,000 | 2 HIGHCLIFFE |
| 20 Oct 2023 | £475,807 | £465,000 | STONE COTTAGE VICARAGE LANE |
| 2 Oct 2023 | £342,785 | £335,000 | GOAT COTTAGE WEST STREET |
| 1 Sep 2023 | £505,135 | £494,000 | CEDAR HEIGHTS BARNES LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Barnes Lane |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Barnes Lane |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near West Street |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near High Street |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Highcliffe |