£69,500
This estimated value is based upon the latest sale price for the house of £27,075 on 4 Nov 2002. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £27,075 | 4 Nov 2002 |
| Semi-Detached |
| 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 November 2002 the House Price Index for LINCOLNSHIRE was 57.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 156.695%.Applying this 156.695% change to the original purchase price of £27,075 results in an estimated price of approximately £69,500.
| 4 Nov 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 57.9 | 148.6 | 156.695 % | £27,075 | £42,425 | £69,500 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | 325.215 % | £88,051 | £115,126 |
| 3 Month Average | 168.915 % | £45,733 | £72,808 |
| 6 Month Average | 146.067 % | £39,547 | £66,622 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £179,799 | £177,500 | 2 THE OVAL |
| 14 Aug 2023 | £145,271 | £144,000 | 20 BARKSTON GARDENS |
| 11 Aug 2023 | £137,705 | £136,500 | 111 SWIFT GARDENS |
| 28 Jul 2023 | £278,752 | £275,000 | 107 - 109 SWIFT GARDENS |
| 14 Jul 2023 | £354,775 | £350,000 | 204 NETTLEHAM ROAD |