£241,117
This estimated value is based upon the latest sale price for the house of £47,450 on 31 Jul 1997. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£47,450 | 31 Jul 1997 |
Semi-Detached |
Freehold |
Floor Area: 68 sq meters or 731 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 July 1997 the House Price Index for LINCOLNSHIRE was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £47,450 results in an estimated price of approximately £241,117.
31 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.2 | 148.6 | 408.152 % | £47,450 | £193,667 | £241,117 |
The Postcode Pricing Model uses changes in average sales price within the PE23 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 | 530.546 % | £251,744 | £299,194 |
3 Month Average | 413.245 % | £196,084 | £243,534 |
6 Month Average | 432.286 % | £205,119 | £252,569 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Dec 2023 | £149,618 | £147,000 | 14 FITZJAMES CLOSE |
7 Jul 2023 | £167,251 | £165,000 | 18 SHAMFIELDS ROAD |
15 Sep 2022 | £203,358 | £205,000 | 9 SHAMFIELDS ROAD |
9 Aug 2022 | £211,431 | £212,000 | 1 SHAMFIELDS ROAD |
13 Apr 2022 | £102,980 | £100,000 | 25 ALMA PLACE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 4 Dec 2014. Using an estimated price of £241,118 means this house is valued at £3,545 per sq meter (£329 per sq foot).
The average size of a house on FITZJAMES CLOSE is 70 sq meters (753 sq feet).