£277,427
This estimated value is based upon the latest sale price for the house of £275,000 on 18 Aug 2023. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
Get our free house price tracker.
| Price Paid | Date |
|---|---|
| £275,000 | 18 Aug 2023 |
| £174,000 | 24 Feb 2011 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,050 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 August 2023 the House Price Index for LINCOLNSHIRE was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £275,000 results in an estimated price of approximately £277,427.
| 18 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.3 | 148.6 | 0.883 % | £275,000 | £2,427 | £277,427 |
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 | 20.043 % | £55,118 | £330,118 |
| 3 Month Average | -3.958 % | £-10,883 | £264,116 |
| 6 Month Average | 0.264 % | £727 | £275,727 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £350,184 | £345,000 | 3 SOMERSBY GREEN |
| 18 Aug 2023 | £277,427 | £275,000 | 28 SOMERSBY WAY |
| 17 Apr 2023 | £621,694 | £615,000 | 34 SEEDLANDS CLOSE |
| 24 Feb 2023 | £169,886 | £170,000 | 94 TOLLFIELD ROAD |
| 10 Mar 2021 | £417,416 | £375,000 | 17 SEEDLANDS CLOSE |
This house has a floor area of 97 sq meters or 1,050 sq feet when measured on 30 Oct 2008. Using an estimated price of £277,427 means this house is valued at £2,842 per sq meter (£264 per sq foot).
The average size of a house on SOMERSBY WAY is 110 sq meters (1,194 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Somersby Way | |
| Feb 2024 | Anti-social behaviour | On or near Somersby Way | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Somersby Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tollfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tollfield Road |