£167,903
This estimated value is based upon the latest sale price for the house of £59,950 on 26 Jul 2002. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £59,950 | 26 Jul 2002 |
| £32,500 | 31 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 816 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 2002 the House Price Index for LINCOLNSHIRE was 53.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 180.072%.Applying this 180.072% change to the original purchase price of £59,950 results in an estimated price of approximately £167,903.
| 26 Jul 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 148.6 | 180.072 % | £59,950 | £107,953 | £167,903 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | 208.741 % | £125,140 | £185,090 |
| 3 Month Average | 167.404 % | £100,358 | £160,308 |
| 6 Month Average | 174.361 % | £104,529 | £164,479 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £81,715 | £81,000 | 9 FRANCIS STREET |
| 24 Jul 2023 | £152,046 | £150,000 | 7 URBAN STREET |
| 15 Jun 2023 | £133,619 | £132,000 | 38 FRANCIS STREET |
| 9 Jun 2023 | £90,091 | £89,000 | 124 NEWARK ROAD |
| 17 Jun 2022 | £125,777 | £124,000 | 11 URBAN STREET |
This house has a floor area of 75 sq meters or 816 sq feet when measured on 22 Jun 2011. Using an estimated price of £167,903 means this house is valued at £2,213 per sq meter (£205 per sq foot).
The average size of a house on NEWARK ROAD is 79 sq meters (853 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Urban Street |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Ewart Street |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ewart Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ewart Street |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ewart Street |