£293,705
This estimated value is based upon the latest sale price for the house of £60,000 on 8 Dec 1997. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £60,000 | 8 Dec 1997 |
| £51,000 | 18 Jun 1997 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in December 1997 the House Price Index for NORTH EAST LINCOLNSHIRE was 30.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 389.509%.Applying this 389.509% change to the original purchase price of £60,000 results in an estimated price of approximately £293,705.
| 8 Dec 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.4 | 148.6 | 389.509 % | £60,000 | £233,705 | £293,705 |
The Postcode Pricing Model uses changes in average sales price within the DN32 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 | 200.412 % | £120,247 | £180,247 |
| 3 Month Average | 175.472 % | £105,283 | £165,283 |
| 6 Month Average | 211.665 % | £126,998 | £186,998 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £405,130 | £399,950 | 5 LAMBERT ROAD |
| 3 Aug 2023 | £80,706 | £80,000 | 38 LAMBERT ROAD |
| 2 Jun 2023 | £116,410 | £115,000 | 7 ABBEY DRIVE EAST |
| 2 Jun 2023 | £121,471 | £120,000 | 4 ABBEY DRIVE EAST |
| 21 Feb 2023 | £219,852 | £220,000 | 20 LAMBERT ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Abbotsway |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Abbey Drive East |
| Feb 2024 | Vehicle crime | Awaiting court outcome | On or near Abbey Drive East |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Abbey Drive East |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Abbey Drive East |