£243,739
This estimated value is based upon the latest sale price for the house of £181,500 on 27 May 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £181,500 | 27 May 2016 |
| £102,000 | 21 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 May 2016 the House Price Index for LINCOLNSHIRE was 110.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 34.292%.Applying this 34.292% change to the original purchase price of £181,500 results in an estimated price of approximately £243,739.
| 27 May 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 148.6 | 34.292 % | £181,500 | £62,239 | £243,739 |
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 | -5.538 % | £-10,051 | £171,448 |
| 3 Month Average | 20.324 % | £36,887 | £218,387 |
| 6 Month Average | 30.200 % | £54,813 | £236,313 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £466,276 | £460,000 | 52 NORTHFIELDS |
| 30 Jun 2023 | £331,010 | £327,000 | 52 MILL DROVE |
| 8 Jun 2023 | £364,414 | £360,000 | 50 NORTHFIELDS |
| 11 Nov 2022 | £345,811 | £350,000 | 6 MANDALAY DRIVE |
| 10 Jun 2022 | £294,157 | £290,000 | 20 NORTHFIELDS |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 22 Oct 2013. Using an estimated price of £243,739 means this house is valued at £2,565 per sq meter (£238 per sq foot).
The average size of a house on STEPHENSON WAY is 124 sq meters (1,337 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Mill Drove |
| Dec 2023 | Public order | Under investigation | On or near Stephenson Way |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Kingsway |
| Jan 2024 | Anti-social behaviour | On or near Kingsway | |
| Jan 2024 | Anti-social behaviour | On or near Kingsway |