This estimated value is based upon the latest sale price for the house of £144,250 on 10 Jan 2018. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1
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|£144,250||10 Jan 2018|
|£110,000||9 Jul 2008|
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 January 2018 the House Price Index for LINCOLNSHIRE was 119.0.The House Price Index as of 1 Jun 2018 is 120.4 which is a change of 1.143%.
Applying this 1.143% change to the original purchase price of £144,250 gives us an estimated price now of around £145,898.
|10 Jan 2018||1 Jun 2018||% 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||3.730 %||£5,380||£149,630|
|3 Month Average||11.238 %||£16,210||£160,460|
|6 Month Average||16.251 %||£23,442||£167,692|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In January 2018 the average sale price for the 50 nearest sales within nine miles of 19 WARWICK ROAD was £143,719.
In September 2018 the average sale price for the 16 nearest sales was £148,260. This is a change of 3.160%.
So taking the original purchase price of £144,250 and adjusting it by 3.160% gives an estimated price of £148,807.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 10 Jan 2018||Average price on 27 Sep 2018||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|1 Jun 2018||£122,500||£122,500||36 ANCASTER AVENUE|
|25 Jan 2018||£131,485||£130,000||58 BUCKINGHAM DRIVE|
|10 Jan 2018||£145,898||£144,250||19 WARWICK ROAD|
|19 Dec 2017||£158,549||£156,000||36 WARWICK ROAD|
|30 Oct 2017||£9,711||£9,500||14 EPSOM AVENUE|