£83,040
This estimated value is based upon the latest sale price for the house of £60,000 on 22 Dec 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £60,000 | 22 Dec 2015 |
| Terraced |
| Freehold |
| Floor Area: 62 sq meters or 668 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 December 2015 the House Price Index for LINCOLNSHIRE was 107.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 38.401%.Applying this 38.401% change to the original purchase price of £60,000 results in an estimated price of approximately £83,040.
| 22 Dec 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 148.6 | 38.401 % | £60,000 | £23,040 | £83,040 |
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 | 21.890 % | £13,133 | £73,133 |
| 3 Month Average | 21.649 % | £12,989 | £72,989 |
| 6 Month Average | 24.076 % | £14,445 | £74,445 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £105,563 | £104,000 | 155 NEWARK ROAD |
| 29 Sep 2023 | £100,282 | £99,000 | 23 BOUNDARY STREET |
| 14 Oct 2022 | £120,206 | £121,500 | 19 RUSSELL STREET |
| 2 Sep 2022 | £114,079 | £115,000 | 16 RUSSELL STREET |
| 29 Jul 2022 | £99,267 | £99,000 | 191A NEWARK ROAD |
This house has a floor area of 62 sq meters or 668 sq feet when measured on 19 Nov 2008. Using an estimated price of £83,041 means this house is valued at £1,336 per sq meter (£124 per sq foot).
The average size of a house on RUSSELL STREET is 70 sq meters (758 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Russell Street |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Russell Street |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Russell Street |
| Dec 2023 | Anti-social behaviour | On or near Russell Street | |
| Dec 2023 | Anti-social behaviour | On or near Russell Street |