£324,434
This estimated value is based upon the latest sale price for the house of £227,000 on 26 Aug 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £227,000 | 26 Aug 2015 |
| £159,950 | 18 Dec 2008 |
| £140,000 | 10 Dec 2008 |
| £84,950 | 12 Jun 1998 |
| Detached |
| Freehold |
| Floor Area: 115 sq meters or 1,242 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 2015 the House Price Index for LINCOLNSHIRE was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £227,000 results in an estimated price of approximately £324,434.
| 26 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £227,000 | £97,434 | £324,434 |
The Postcode Pricing Model uses changes in average sales price within the PE9 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 | 77.855 % | £176,730 | £403,730 |
| 3 Month Average | 37.108 % | £84,235 | £311,235 |
| 6 Month Average | 72.587 % | £164,773 | £391,773 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £459,016 | £455,000 | 3 CHARLOCK DRIVE |
| 18 Oct 2022 | £563,928 | £570,000 | 58 CHARLOCK DRIVE |
| 11 Feb 2022 | £314,608 | £300,000 | 65 BRAMBLE GROVE |
| 5 Feb 2021 | £417,760 | £368,000 | 8 CHARLOCK DRIVE |
| 18 May 2020 | £271,546 | £222,000 | 20 CHARLOCK DRIVE |
This house has a floor area of 115 sq meters or 1,242 sq feet when measured on 12 Nov 2008. Using an estimated price of £324,435 means this house is valued at £2,811 per sq meter (£261 per sq foot).
The average size of a house on SORREL CLOSE is 105 sq meters (1,138 sq feet).
This house is the largest in the street with a floor area of 115 sq meters (1,242 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Sorrel Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Marigold Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Marigold Close |
| Mar 2024 | Other theft | Under investigation | On or near Charlock Drive |
| Dec 2023 | Other theft | Under investigation | On or near Cornflower Close |