£218,218
This estimated value is based upon the latest sale price for the house of £174,950 on 4 May 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £174,950 | 4 May 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 May 2018 the House Price Index for LINCOLNSHIRE was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £174,950 results in an estimated price of approximately £218,218.
| 4 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £174,950 | £43,268 | £218,218 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 27.704 % | £48,467 | £223,417 |
| 3 Month Average | 27.980 % | £48,950 | £223,900 |
| 6 Month Average | 21.441 % | £37,511 | £212,461 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £212,575 | £210,000 | 4 PEREGRINE CLOSE |
| 21 Oct 2022 | £225,077 | £227,500 | 1 SWALLOW CLOSE |
| 18 Feb 2022 | £241,147 | £229,950 | 6 FINCH DRIVE |
| 11 Feb 2022 | £384,871 | £367,000 | 28 FINCH DRIVE |
| 7 Feb 2022 | £152,061 | £145,000 | 19 DOVE CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 21 Mar 2018. Using an estimated price of £218,218 means this house is valued at £3,073 per sq meter (£285 per sq foot).
The average size of a house on SOMERTON CLOSE is 107 sq meters (1,157 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Somerton Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Somerton Close |
| Jan 2024 | Other crime | Unable to prosecute suspect | On or near Welbourn Close |
| Jan 2024 | Other crime | Under investigation | On or near Welbourn Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Stamford Close |