£353,224
This estimated value is based upon the latest sale price for the house of £315,000 on 30 Mar 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £315,000 | 30 Mar 2021 |
| Freehold |
| Floor Area: 130 sq meters or 1,399 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 March 2021 the House Price Index for LINCOLNSHIRE was 133.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 12.135%.Applying this 12.135% change to the original purchase price of £315,000 results in an estimated price of approximately £353,224.
| 30 Mar 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 149.7 | 12.135 % | £315,000 | £38,224 | £353,224 |
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 | -20.821 % | £-65,586 | £249,413 |
| 3 Month Average | -3.038 % | £-9,570 | £305,429 |
| 6 Month Average | 0.067 % | £211 | £315,211 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £142,571 | £140,000 | FLAT 7 42 CLASKETGATE |
| 26 Jun 2023 | £154,598 | £151,500 | APARTMENT E, THIRD FLOOR THORNGATE HOUSE ST SWITHINS SQUARE |
| 30 Aug 2022 | £231,081 | £230,000 | 20 MUSEUM COURT |
| 12 Jul 2022 | £3,191,984 | £3,160,000 | 233 - 237 HIGH STREET |
| 19 Apr 2022 | £141,089 | £136,000 | 11 SWAN STREET |
This house has a floor area of 130 sq meters or 1,399 sq feet when measured on 29 Feb 2016. Using an estimated price of £353,225 means this house is valued at £2,717 per sq meter (£252 per sq foot).