£302,226
This estimated value is based upon the latest sale price for the house of £245,000 on 14 Dec 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £245,000 | 14 Dec 2018 |
| £145,000 | 4 Aug 2005 |
| Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2018 the House Price Index for LINCOLNSHIRE was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £245,000 results in an estimated price of approximately £302,226.
| 14 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £245,000 | £57,226 | £302,226 |
The Postcode Pricing Model uses changes in average sales price within the LN6 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 | 8.412 % | £20,610 | £265,610 |
| 3 Month Average | 15.539 % | £38,069 | £283,069 |
| 6 Month Average | 16.207 % | £39,708 | £284,708 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Dec 2023 | £162,849 | £160,000 | 38 ROCHESTER DRIVE |
| 20 Apr 2023 | £212,286 | £210,000 | 49 ROCHESTER DRIVE |
| 10 Mar 2023 | £181,712 | £180,000 | 1 WASDALE CLOSE |
| 2 Feb 2023 | £339,771 | £340,000 | 40 SANDWELL DRIVE |
| 18 Feb 2022 | £262,174 | £250,000 | 23 SANDWELL DRIVE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 19 Apr 2018. Using an estimated price of £302,227 means this house is valued at £4,140 per sq meter (£384 per sq foot).
The average size of a house on DURHAM CLOSE is 91 sq meters (983 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Lincoln Road | |
| Jan 2024 | Anti-social behaviour | On or near Lincoln Road | |
| Jan 2024 | Anti-social behaviour | On or near Lincoln Road | |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Rochester Drive |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Rochester Drive |