£277,509
This estimated value is based upon the latest sale price for the house of £225,000 on 22 Jul 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 22 Jul 2019 |
| £120,800 | 4 Apr 2014 |
| £86,000 | 12 Dec 2001 |
| £79,500 | 5 Oct 2001 |
| £58,750 | 9 Mar 1999 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 2019 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 23.337%.Applying this 23.337% change to the original purchase price of £225,000 results in an estimated price of approximately £277,509.
| 22 Jul 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.337 % | £225,000 | £52,509 | £277,509 |
The Postcode Pricing Model uses changes in average sales price within the LN9 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 | -6.737 % | £-15,158 | £209,841 |
| 3 Month Average | 27.208 % | £61,217 | £286,217 |
| 6 Month Average | 33.951 % | £76,388 | £301,388 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2023 | £177,146 | £175,000 | 18 THOMAS GIBSON DRIVE |
| 15 Mar 2023 | £196,855 | £195,000 | 38 THOMAS GIBSON DRIVE |
| 17 Feb 2022 | £233,859 | £223,000 | 11 THOMAS GIBSON DRIVE |
| 15 Oct 2021 | £291,225 | £263,200 | 9 MADELY CLOSE |
| 9 Aug 2021 | £150,608 | £135,000 | 42 MAREHAM ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 17 Jan 2019. Using an estimated price of £277,509 means this house is valued at £2,593 per sq meter (£240 per sq foot).
The average size of a house on THOMAS GIBSON DRIVE is 98 sq meters (1,062 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Public order | Under investigation | On or near Thomas Gibson Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thomas Gibson Drive |
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Mareham Road |