£194,275
This estimated value is based upon the latest sale price for the house of £180,000 on 14 Dec 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
There has been one burglary within the last year on or near Vernon Street
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Price Paid | Date |
---|---|
£180,000 | 14 Dec 2021 |
£165,000 | 28 May 2004 |
£135,000 | 9 Apr 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 119 sq meters or 1,280 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 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 £180,000 results in an estimated price of approximately £194,275.
14 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 149.7 | 7.931 % | £180,000 | £14,275 | £194,275 |
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 | 12.184 % | £21,931 | £201,931 |
3 Month Average | 21.127 % | £38,028 | £218,028 |
6 Month Average | 3.745 % | £6,740 | £186,740 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Jul 2024 | £175,000 | £175,000 | APARTMENT 7 MILL VIEW COURT VERNON STREET |
7 Mar 2024 | £95,975 | £94,500 | 84 FOSTER STREET |
18 Aug 2023 | £147,663 | £145,000 | 92 FOSTER STREET |
14 Apr 2023 | £144,707 | £142,000 | 22 FOSTER STREET |
7 Mar 2023 | £147,463 | £145,000 | 1 CROWN MILL VERNON STREET |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 12 Nov 2018. Using an estimated price of £194,275 means this house is valued at £1,632 per sq meter (£151 per sq foot).
The average size of a house on VERNON STREET is 93 sq meters (1,006 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jul 2024 | Burglary | Under investigation | On or near Vernon Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Vernon Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Vernon Street |
Jun 2024 | Violence and sexual offences | Under investigation | On or near Vernon Street |
Jun 2024 | Other theft | Under investigation | On or near Vernon Street |