£129,245
This estimated value is based upon the latest sale price for the house of £115,000 on 20 Aug 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £115,000 | 20 Aug 2021 |
| £91,500 | 25 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 August 2021 the House Price Index for LINCOLNSHIRE was 133.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.387%.Applying this 12.387% change to the original purchase price of £115,000 results in an estimated price of approximately £129,245.
| 20 Aug 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 149.7 | 12.387 % | £115,000 | £14,245 | £129,245 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | -3.118 % | £-3,585 | £111,414 |
| 3 Month Average | -2.138 % | £-2,458 | £112,541 |
| 6 Month Average | -2.787 % | £-3,205 | £111,794 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £134,000 | £134,000 | 43A WESTGATE |
| 8 Mar 2024 | £76,170 | £75,000 | 16 WESTGATE |
| 13 Nov 2023 | £109,787 | £107,000 | 9 LEICESTER STREET |
| 10 Feb 2023 | £143,458 | £142,500 | 14 WEST BANKS |
| 20 Jan 2023 | £117,815 | £117,500 | 20 PLAYHOUSE YARD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 18 Jan 2017. Using an estimated price of £129,245 means this house is valued at £1,988 per sq meter (£184 per sq foot).
The average size of a house on WESTGATE is 96 sq meters (1,034 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Possession of weapons | Awaiting court outcome | On or near West Gate |