£47,347
This estimated value is based upon the latest sale price for the house of £34,000 on 5 Nov 2015. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £34,000 | 5 Nov 2015 |
| £28,000 | 27 Aug 1999 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,054 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in November 2015 the House Price Index for NORTH EAST LINCOLNSHIRE was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £34,000 results in an estimated price of approximately £47,347.
| 5 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £34,000 | £13,347 | £47,347 |
The Postcode Pricing Model uses changes in average sales price within the DN32 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 | -28.690 % | £-9,754 | £24,245 |
| 3 Month Average | -10.339 % | £-3,515 | £30,484 |
| 6 Month Average | 11.784 % | £4,006 | £38,006 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Jun 2023 | £62,760 | £62,000 | 332 WELLINGTON STREET |
| 23 Feb 2023 | £65,956 | £66,000 | 325 WELLINGTON STREET |
| 11 Aug 2022 | £62,831 | £63,000 | 82 CASTLE STREET |
| 15 Jun 2022 | £61,874 | £61,000 | 323 WELLINGTON STREET |
| 20 May 2022 | £85,613 | £84,000 | 194 STANLEY STREET |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 29 Jul 2015. Using an estimated price of £47,348 means this house is valued at £483 per sq meter (£44 per sq foot).
The average size of a house on STANLEY STREET is 91 sq meters (981 sq feet).