£88,452
This estimated value is based upon the latest sale price for the house of £87,500 on 28 Apr 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £87,500 | 28 Apr 2023 |
| £75,000 | 12 May 2020 |
| Semi-Detached |
| Leasehold |
| Floor Area: 84 sq meters or 904 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 April 2023 the House Price Index for LINCOLNSHIRE was 147.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.088%.Applying this 1.088% change to the original purchase price of £87,500 results in an estimated price of approximately £88,452.
| 28 Apr 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.0 | 148.6 | 1.088 % | £87,500 | £952 | £88,452 |
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 | 0.083 % | £72 | £87,572 |
| 3 Month Average | 9.317 % | £8,152 | £95,652 |
| 6 Month Average | 8.321 % | £7,280 | £94,780 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £131,147 | £130,000 | 27 CLAREMONT STREET |
| 11 Aug 2023 | £141,236 | £140,000 | 7 CLAREMONT STREET |
| 3 Aug 2023 | £158,890 | £157,500 | 18 CLAREMONT STREET |
| 28 Jul 2023 | £139,883 | £138,000 | 56 CROMWELL STREET |
| 28 Apr 2023 | £88,452 | £87,500 | 1 LYTTON STREET |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 20 Dec 2019. Using an estimated price of £88,452 means this house is valued at £1,053 per sq meter (£97 per sq foot).