This estimated value is based upon the latest sale price for the house of £10,000 on 6 Feb 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1
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|£10,000||6 Feb 2017|
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 February 2017 the House Price Index for LINCOLNSHIRE was 112.2.The House Price Index as of 1 Jun 2019 is 124.4 which is a change of 10.858%.
Applying this 10.858% change to the original purchase price of £10,000 gives us an estimated price now of around £11,085.
|6 Feb 2017||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the PE24 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||-8.857 %||£-885||£9,114|
|3 Month Average||31.797 %||£3,179||£13,179|
|6 Month Average||28.778 %||£2,877||£12,877|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In February 2017 the average sale price for the 50 nearest sales within eight miles of 15 EPSOM AVENUE was £147,300.
In October 2019 the average sale price for the 10 nearest sales was £167,085. This is a change of 13.432%.
So taking the original purchase price of £10,000 and adjusting it by 13.432% gives an estimated price of £11,343.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 6 Feb 2017||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|5 Jun 2019||£189,000||£189,000||3 WARWICK ROAD|
|4 Jun 2019||£168,000||£168,000||26 WARWICK ROAD|
|29 May 2019||£90,475||£90,000||22 WARWICK ROAD|
|18 Oct 2018||£145,058||£145,000||17 CROWN AVENUE|
|21 Jun 2018||£154,267||£150,000||21 CONNAUGHT DRIVE|