£383,709
This estimated value is based upon the latest sale price for the house of £225,000 on 11 May 2012. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £225,000 | 11 May 2012 |
| Detached |
| Freehold |
| Floor Area: 275 sq meters or 2,960 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 2012 the House Price Index for LINCOLNSHIRE was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.538%.Applying this 70.538% change to the original purchase price of £225,000 results in an estimated price of approximately £383,709.
| 11 May 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.538 % | £225,000 | £158,709 | £383,709 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 54.847 % | £123,405 | £348,405 |
| 3 Month Average | 75.659 % | £170,232 | £395,232 |
| 6 Month Average | 73.437 % | £165,234 | £390,234 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £300,000 | £300,000 | 18 ACORN CLOSE |
| 2 Aug 2023 | £453,971 | £450,000 | 108 BELTON LANE |
| 19 Jun 2023 | £582,050 | £575,000 | 8 GREEN LANE |
| 8 Jun 2023 | £632,664 | £625,000 | 6 GREEN LANE |
| 5 Jun 2023 | £263,188 | £260,000 | 12 ACORN CLOSE |
This house has a floor area of 275 sq meters or 2,960 sq feet when measured on 12 Feb 2020. Using an estimated price of £383,710 means this house is valued at £1,395 per sq meter (£129 per sq foot).
The average size of a house on BELTON LANE is 139 sq meters (1,498 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Mill Close | |
| Mar 2024 | Anti-social behaviour | On or near Mill Close | |
| Feb 2024 | Anti-social behaviour | On or near Mill Close | |
| Feb 2024 | Anti-social behaviour | On or near Mill Close | |
| Jan 2024 | Vehicle crime | Under investigation | On or near Mill Close |