£591,860
This estimated value is based upon the latest sale price for the house of £580,000 on 16 Jun 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £580,000 | 16 Jun 2023 |
| 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 June 2023 the House Price Index for LINCOLNSHIRE was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £580,000 results in an estimated price of approximately £591,860.
| 16 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £580,000 | £11,860 | £591,860 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 44.787 % | £259,762 | £839,762 |
| 3 Month Average | 7.989 % | £46,337 | £626,337 |
| 6 Month Average | 2.418 % | £14,021 | £594,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 May 2024 | £214,995 | £214,995 | 3 WATER LANE |
| 30 Apr 2024 | £116,007 | £115,000 | 2 WELLAND CLOSE |
| 3 Aug 2023 | £134,934 | £132,500 | 14 WELLAND CLOSE |
| 16 Jun 2023 | £591,861 | £580,000 | OLD WELLAND COTTAGE, 66 LONDON ROAD |
| 1 Jun 2023 | £163,272 | £160,000 | 101B LONDON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Welland Close |
| Sep 2024 | Anti-social behaviour | On or near Welland Close | |
| Sep 2024 | Anti-social behaviour | On or near Welland Close | |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Welland Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Welland Close |