£106,791
This estimated value is based upon the latest sale price for the house of £73,000 on 19 Jun 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £73,000 | 19 Jun 2015 |
| £59,000 | 26 Mar 2004 |
| £38,000 | 22 Apr 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 June 2015 the House Price Index for LINCOLNSHIRE was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £73,000 results in an estimated price of approximately £106,791.
| 19 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 149.7 | 46.290 % | £73,000 | £33,791 | £106,791 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | 9.392 % | £6,856 | £79,856 |
| 3 Month Average | 29.745 % | £21,713 | £94,713 |
| 6 Month Average | 40.520 % | £29,579 | £102,579 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £85,745 | £85,000 | 11 BROXHOLME GARDENS |
| 4 Oct 2023 | £143,254 | £140,000 | 5 WELTON GARDENS |
| 18 Aug 2023 | £62,120 | £61,000 | 24 INGLEBY CRESCENT |
| 26 Sep 2022 | £144,903 | £145,000 | 23 NOCTON DRIVE |
| 20 Aug 2022 | £150,705 | £150,000 | 3 WELTON GARDENS |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 26 Oct 2014. Using an estimated price of £106,792 means this house is valued at £1,443 per sq meter (£134 per sq foot).
The average size of a house on LAUGHTON WAY NORTH is 75 sq meters (809 sq feet).