£368,288
This estimated value is based upon the latest sale price for the house of £246,000 on 24 Oct 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £246,000 | 24 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 October 2014 the House Price Index for LINCOLNSHIRE was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £246,000 results in an estimated price of approximately £368,288.
| 24 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £246,000 | £122,288 | £368,288 |
The Postcode Pricing Model uses changes in average sales price within the PE10 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 | 11.880 % | £29,224 | £275,224 |
| 3 Month Average | 27.124 % | £66,723 | £312,723 |
| 6 Month Average | 51.269 % | £126,121 | £372,121 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £320,000 | £320,000 | PLOT 4 THE RIDINGS |
| 26 Jun 2023 | £248,004 | £245,000 | 48 NEWBURY CRESCENT |
| 17 Jun 2022 | £329,659 | £325,000 | 38 NEWBURY CRESCENT |
| 13 Apr 2022 | £169,917 | £165,000 | 41 GREAT LEIGHS |
| 6 Apr 2022 | £182,274 | £177,000 | 25 NEWBURY CRESCENT |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 19 Mar 2014. Using an estimated price of £368,288 means this house is valued at £3,317 per sq meter (£308 per sq foot).
The average size of a house on THE RIDINGS is 119 sq meters (1,290 sq feet).