£1,848,257
This estimated value is based upon the latest sale price for the house of £373,063 on 17 Oct 1997. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £373,063 | 17 Oct 1997 |
| Detached |
| Freehold |
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 October 1997 the House Price Index for LINCOLNSHIRE was 30.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 395.428%.Applying this 395.428% change to the original purchase price of £373,063 results in an estimated price of approximately £1,848,257.
| 17 Oct 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.6 | 395.428 % | £373,063 | £1,475,194 | £1,848,257 |
The Postcode Pricing Model uses changes in average sales price within the PE21 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 | 300.264 % | £1,120,173 | £1,493,236 |
| 3 Month Average | 283.340 % | £1,057,037 | £1,430,100 |
| 6 Month Average | 314.898 % | £1,174,768 | £1,547,831 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Jun 2023 | £172,084 | £170,000 | 31 WIDE BARGATE |
| 12 Jun 2023 | £225,228 | £222,500 | 31 MARKET PLACE |
| 12 Jun 2023 | £96,165 | £95,000 | 32 RED LION STREET |
| 11 Apr 2023 | £122,317 | £121,000 | 1 MAIN RIDGE WEST |
| 4 Nov 2022 | £1,630,253 | £1,650,000 | 5 STRAIT BARGATE |