This estimated value is based upon the latest sale price for the house of £170,000 on 14 Sep 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1
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|£170,000||14 Sep 2017|
|£185,000||20 Dec 2006|
|£64,950||10 Oct 1998|
|£54,825||17 Oct 1996|
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 September 2017 the House Price Index for LINCOLNSHIRE was 118.0.The House Price Index as of 1 Jun 2018 is 120.4 which is a change of 1.983%.
Applying this 1.983% change to the original purchase price of £170,000 gives us an estimated price now of around £173,371.
|14 Sep 2017||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||79.744 %||£135,564||£305,564|
|3 Month Average||33.668 %||£57,234||£227,234|
|6 Month Average||20.286 %||£34,485||£204,485|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In September 2017 the average sale price for the 50 nearest sales within 12 miles of 20 CROWN AVENUE was £137,911.
In September 2018 the average sale price for the 14 nearest sales was £148,990. This is a change of 8.033%.
So taking the original purchase price of £170,000 and adjusting it by 8.033% gives an estimated price of £183,656.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 14 Sep 2017||Average price on 27 Sep 2018||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|6 Jul 2018||£136,500||£136,500||AUTUMN LODGE SOUTH CRESCENT|
|20 Apr 2018||£205,830||£205,000||103 ST LEONARDS DRIVE|
|2 Feb 2018||£130,555||£129,750||21 CROWN AVENUE|
|4 Dec 2017||£99,093||£97,500||LANCASTRIA SOUTH CRESCENT|
|1 Dec 2017||£181,925||£179,000||MARSIDEA SOUTH CRESCENT|