£150,608
This estimated value is based upon the latest sale price for the house of £135,000 on 9 Aug 2021. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £135,000 | 9 Aug 2021 |
| £115,000 | 31 Aug 2018 |
| £64,000 | 30 Jul 2003 |
| £51,500 | 27 May 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 59 sq meters or 635 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 August 2021 the House Price Index for LINCOLNSHIRE was 133.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.562%.Applying this 11.562% change to the original purchase price of £135,000 results in an estimated price of approximately £150,608.
| 9 Aug 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.6 | 11.562 % | £135,000 | £15,608 | £150,608 |
The Postcode Pricing Model uses changes in average sales price within the LN9 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 | -23.903 % | £-32,269 | £102,730 |
| 3 Month Average | 11.807 % | £15,939 | £150,939 |
| 6 Month Average | 18.438 % | £24,891 | £159,891 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2023 | £177,146 | £175,000 | 18 THOMAS GIBSON DRIVE |
| 15 Mar 2023 | £196,855 | £195,000 | 38 THOMAS GIBSON DRIVE |
| 20 Jul 2022 | £175,472 | £175,000 | 4 TENNYSON GARDENS |
| 5 Jul 2022 | £130,351 | £130,000 | 68 TENNYSON GARDENS |
| 18 Feb 2022 | £162,925 | £155,360 | 93 TENNYSON GARDENS |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 25 May 2018. Using an estimated price of £150,608 means this house is valued at £2,552 per sq meter (£237 per sq foot).
The average size of a house on MAREHAM ROAD is 93 sq meters (1,008 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Public order | Unable to prosecute suspect | On or near Mareham Road |
| Mar 2024 | Public order | Under investigation | On or near Thomas Gibson Drive |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Thomas Gibson Drive |