£60,070
This estimated value is based upon the latest sale price for the house of £12,500 on 13 Feb 1998. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £12,500 | 13 Feb 1998 |
| Terraced |
| Freehold |
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 February 1998 the House Price Index for LINCOLNSHIRE was 30.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 380.566%.Applying this 380.566% change to the original purchase price of £12,500 results in an estimated price of approximately £60,070.
| 13 Feb 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.9 | 148.6 | 380.566 % | £12,500 | £47,570 | £60,070 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | 301.876 % | £37,734 | £50,234 |
| 3 Month Average | 320.032 % | £40,003 | £52,503 |
| 6 Month Average | 265.821 % | £33,227 | £45,727 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £65,574 | £65,000 | 3 OTTERS BUILDINGS TRINITY STREET |
| 4 Aug 2023 | £67,591 | £67,000 | 1 OTTERS BUILDINGS TRINITY STREET |
| 24 Mar 2023 | £50,476 | £50,000 | 10 HIGH STREET |
| 24 Mar 2023 | £53,504 | £53,000 | 61 SANDSFIELD LANE |
| 23 Jan 2023 | £69,672 | £70,000 | 13 LEWIS STREET |