£154,201
This estimated value is based upon the latest sale price for the house of £30,500 on 30 Jun 1997. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £30,500 | 30 Jun 1997 |
| £34,000 | 13 Jan 1995 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 645 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 June 1997 the House Price Index for LINCOLNSHIRE was 29.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 405.578%.Applying this 405.578% change to the original purchase price of £30,500 results in an estimated price of approximately £154,201.
| 30 Jun 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.0 | 146.7 | 405.578 % | £30,500 | £123,701 | £154,201 |
The Postcode Pricing Model uses changes in average sales price within the LN1 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 | 220.123 % | £67,137 | £97,637 |
| 3 Month Average | 287.116 % | £87,570 | £118,070 |
| 6 Month Average | 351.556 % | £107,224 | £137,724 |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 24 Jul 2018.
The average size of a house on DRAKE STREET is 85 sq meters (918 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Drake Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Drake Street |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Drake Street |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Drake Street |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Drake Street |