£480,324
This estimated value is based upon the latest sale price for the house of £350,000 on 19 Jan 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £350,000 | 19 Jan 2016 |
| £250,000 | 2 Apr 2009 |
| £151,000 | 9 Jul 1999 |
| Detached |
| Freehold |
| Floor Area: 229 sq meters or 2,464 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 January 2016 the House Price Index for LINCOLNSHIRE was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £350,000 results in an estimated price of approximately £480,324.
| 19 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £350,000 | £130,324 | £480,324 |
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 | -1.264 % | £-4,424 | £345,575 |
| 3 Month Average | 25.618 % | £89,661 | £439,661 |
| 6 Month Average | 33.998 % | £118,992 | £468,992 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £227,759 | £225,000 | 205 BRIDGE END ROAD |
| 13 Jan 2023 | £308,547 | £310,000 | 182 BRIDGE END ROAD |
| 23 Nov 2022 | £419,914 | £425,000 | 18 HILLSIDE CRESCENT |
| 4 Jul 2022 | £140,378 | £140,000 | 146 BRIDGE END ROAD |
| 21 Jun 2022 | £273,870 | £270,000 | 197 BRIDGE END ROAD |
This house has a floor area of 229 sq meters or 2,464 sq feet when measured on 5 Mar 2018. Using an estimated price of £480,324 means this house is valued at £2,097 per sq meter (£194 per sq foot).
The average size of a house on WELLINGTON DRIVE is 234 sq meters (2,525 sq feet).
This house is the largest in the street with a floor area of 229 sq meters (2,464 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Anti-social behaviour | On or near Hillside Crescent | |
| Feb 2024 | Anti-social behaviour | On or near Petrol Station | |
| Feb 2024 | Anti-social behaviour | On or near Petrol Station | |
| Feb 2024 | Violence and sexual offences | Awaiting court outcome | On or near Petrol Station |
| Feb 2024 | Anti-social behaviour | On or near Petrol Station |