£433,885
This estimated value is based upon the latest sale price for the house of £350,000 on 9 Aug 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £350,000 | 9 Aug 2019 |
| Detached |
| 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 August 2019 the House Price Index for LINCOLNSHIRE was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £350,000 results in an estimated price of approximately £433,885.
| 9 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £350,000 | £83,885 | £433,885 |
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 | 8.895 % | £31,133 | £381,133 |
| 3 Month Average | -0.201 % | £-703 | £349,296 |
| 6 Month Average | -0.088 % | £-306 | £349,693 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £254,208 | £252,000 | 5 BARNES LANE |
| 20 Mar 2024 | £355,461 | £350,000 | 2 HIGHCLIFFE |
| 25 Oct 2023 | £373,483 | £365,000 | OLD POST OFFICE STORES HIGH STREET |
| 20 Oct 2023 | £475,807 | £465,000 | STONE COTTAGE VICARAGE LANE |
| 2 Oct 2023 | £342,785 | £335,000 | GOAT COTTAGE WEST STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Public order | Under investigation | On or near West Street |
| Jun 2024 | Vehicle crime | Under investigation | On or near West Street |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Barnes Lane |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Highcliffe |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near High Street |