£267,321
This estimated value is based upon the latest sale price for the house of £265,000 on 7 Dec 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £265,000 | 7 Dec 2022 |
| £120,000 | 20 Jun 2018 |
| Detached |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2022 the House Price Index for LINCOLNSHIRE was 148.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.876%.Applying this 0.876% change to the original purchase price of £265,000 results in an estimated price of approximately £267,321.
| 7 Dec 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.4 | 149.7 | 0.876 % | £265,000 | £2,321 | £267,321 |
The Postcode Pricing Model uses changes in average sales price within the LN9 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 | 193.289 % | £512,215 | £777,215 |
| 3 Month Average | 74.109 % | £196,388 | £461,388 |
| 6 Month Average | 1.326 % | £3,513 | £268,513 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £116,007 | £115,000 | 60 FOUNDRY STREET |
| 8 Dec 2023 | £126,384 | £122,500 | 58 FOUNDRY STREET |
| 23 Nov 2023 | £153,907 | £150,000 | 2 BOWL ALLEY LANE |
| 17 Nov 2023 | £104,657 | £102,000 | 78 FOUNDRY STREET |
| 13 Oct 2023 | £116,138 | £113,500 | 25 FOUNDRY STREET |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 26 Apr 2018.
The average size of a house on BANKS STREET is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Water Lane | |
| Jun 2024 | Drugs | Under investigation | On or near Water Lane |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Water Lane |
| Jul 2024 | Drugs | Awaiting court outcome | On or near East Street |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Steadman Court |