£461,316
This estimated value is based upon the latest sale price for the house of £267,000 on 30 Sep 2011. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £267,000 | 30 Sep 2011 |
| £220,000 | 3 Nov 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 169 sq meters or 1,821 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in September 2011 the House Price Index for NORTH EAST LINCOLNSHIRE was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.778%.Applying this 72.778% change to the original purchase price of £267,000 results in an estimated price of approximately £461,316.
| 30 Sep 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.778 % | £267,000 | £194,316 | £461,316 |
The Postcode Pricing Model uses changes in average sales price within the DN32 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 | 3.913 % | £10,446 | £277,446 |
| 3 Month Average | 12.099 % | £32,305 | £299,305 |
| 6 Month Average | 25.787 % | £68,850 | £335,850 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Sep 2023 | £132,190 | £130,500 | 144 LEGSBY AVENUE |
| 28 Jul 2023 | £111,501 | £110,000 | 141 LEGSBY AVENUE |
| 23 Nov 2022 | £355,692 | £360,000 | 47 PARK DRIVE |
| 3 Sep 2021 | £227,372 | £211,000 | 4 PORTLAND AVENUE |
| 24 Jun 2021 | £327,242 | £305,000 | 86 WEELSBY ROAD |
This house has a floor area of 169 sq meters or 1,821 sq feet when measured on 10 Sep 2010. Using an estimated price of £461,317 means this house is valued at £2,725 per sq meter (£253 per sq foot).
The average size of a house on PARK DRIVE is 245 sq meters (2,645 sq feet).