£209,427
This estimated value is based upon the latest sale price for the house of £155,950 on 25 May 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £155,950 | 25 May 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2016 the House Price Index for LINCOLNSHIRE was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £155,950 results in an estimated price of approximately £209,427.
| 25 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £155,950 | £53,477 | £209,427 |
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 | 18.865 % | £29,419 | £185,369 |
| 3 Month Average | 26.711 % | £41,655 | £197,605 |
| 6 Month Average | 28.735 % | £44,812 | £200,762 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £129,771 | £127,500 | 22 RHODES AVENUE |
| 1 Aug 2023 | £141,236 | £140,000 | 7 RHODES AVENUE |
| 17 Feb 2023 | £112,924 | £113,000 | 24 RHODES AVENUE |
| 22 Jul 2022 | £185,499 | £185,000 | 8 BOURNE CLOSE |
| 1 Jun 2022 | £161,279 | £159,000 | 18 ALEXANDRA ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 22 Apr 2016. Using an estimated price of £209,428 means this house is valued at £2,792 per sq meter (£259 per sq foot).
The average size of a house on BOURNE CLOSE is 86 sq meters (931 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Bourne Close |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Spriggs Close |
| Apr 2024 | Anti-social behaviour | On or near Rhodes Avenue | |
| Apr 2024 | Criminal damage and arson | Awaiting court outcome | On or near Rhodes Avenue |
| Feb 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Rhodes Avenue |