£153,315
This estimated value is based upon the latest sale price for the house of £44,000 on 26 Feb 2001. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £44,000 | 26 Feb 2001 |
| £43,500 | 27 Jul 2000 |
| £30,000 | 21 Aug 1998 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 February 2001 the House Price Index for LINCOLNSHIRE was 42.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 248.445%.Applying this 248.445% change to the original purchase price of £44,000 results in an estimated price of approximately £153,315.
| 26 Feb 2001 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 42.1 | 146.7 | 248.445 % | £44,000 | £109,315 | £153,315 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 178.424 % | £78,506 | £122,506 |
| 3 Month Average | 229.902 % | £101,156 | £145,156 |
| 6 Month Average | 228.575 % | £100,573 | £144,573 |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 27 Jan 2020.
The average size of a house on REDCROSS STREET is 99 sq meters (1,070 sq feet).