£142,512
This estimated value is based upon the latest sale price for the house of £109,950 on 17 Mar 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £109,950 | 17 Mar 2017 |
| £97,000 | 23 Aug 2013 |
| £88,250 | 17 Dec 2010 |
| £85,500 | 3 Dec 2004 |
| £37,850 | 4 Feb 2000 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 March 2017 the House Price Index for LINCOLNSHIRE was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £109,950 results in an estimated price of approximately £142,512.
| 17 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £109,950 | £32,562 | £142,512 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 29.228 % | £32,135 | £142,085 |
| 3 Month Average | 26.220 % | £28,828 | £138,778 |
| 6 Month Average | 27.497 % | £30,232 | £140,182 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £950,000 | £950,000 | 1 MAREHAM LANE |
| 13 Dec 2023 | £366,411 | £360,000 | 23 MAREHAM LANE |
| 30 Jun 2023 | £450,456 | £445,000 | 3 PINETREES COURT BOSTON ROAD |
| 24 Mar 2023 | £70,666 | £70,000 | 10 HANDLEY STREET |
| 3 Mar 2023 | £111,046 | £110,000 | 8 EAST BANKS |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 15 Jan 2020. Using an estimated price of £142,513 means this house is valued at £1,619 per sq meter (£150 per sq foot).
The average size of a house on ALBION TERRACE is 91 sq meters (984 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Shopping Area |