£59,066
This estimated value is based upon the latest sale price for the house of £57,000 on 15 Mar 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£57,000 | 15 Mar 2022 |
£39,999 | 1 Feb 2022 |
£79,950 | 9 Oct 2009 |
£12,950 | 23 May 2003 |
£13,500 | 12 Jul 2002 |
£7,000 | 24 May 2000 |
£23,000 | 5 Feb 1997 |
Terraced |
Freehold |
Floor Area: 80 sq meters or 861 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 March 2022 the House Price Index for LINCOLNSHIRE was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £57,000 results in an estimated price of approximately £59,066.
15 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
143.4 | 148.6 | 3.626 % | £57,000 | £2,066 | £59,066 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | -3.898 % | £-2,221 | £54,778 |
3 Month Average | 12.648 % | £7,209 | £64,209 |
6 Month Average | 8.856 % | £5,047 | £62,047 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Aug 2023 | £65,574 | £65,000 | 3 OTTERS BUILDINGS TRINITY STREET |
4 Aug 2023 | £67,591 | £67,000 | 1 OTTERS BUILDINGS TRINITY STREET |
24 Mar 2023 | £50,476 | £50,000 | 10 HIGH STREET |
24 Mar 2023 | £53,504 | £53,000 | 61 SANDSFIELD LANE |
23 Jan 2023 | £69,672 | £70,000 | 13 LEWIS STREET |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 18 Feb 2017. Using an estimated price of £59,067 means this house is valued at £738 per sq meter (£68 per sq foot).
The average size of a house on SANDSFIELD LANE is 116 sq meters (1,251 sq feet).