£231,726
This estimated value is based upon the latest sale price for the house of £137,000 on 14 Dec 2012. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £137,000 | 14 Dec 2012 |
| £143,000 | 7 Dec 2006 |
| £54,000 | 14 Jul 1998 |
| £46,000 | 9 Oct 1996 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 925 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 December 2012 the House Price Index for LINCOLNSHIRE was 87.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.144%.Applying this 69.144% change to the original purchase price of £137,000 results in an estimated price of approximately £231,726.
| 14 Dec 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 148.6 | 69.144 % | £137,000 | £94,726 | £231,726 |
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 | 140.992 % | £193,159 | £330,159 |
| 3 Month Average | 49.945 % | £68,424 | £205,424 |
| 6 Month Average | 47.024 % | £64,423 | £201,423 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £435,866 | £430,000 | 30 FRIARS LANE |
| 14 Feb 2023 | £814,267 | £814,815 | 9A MONKS ROAD |
| 27 May 2022 | £213,982 | £209,950 | 38 FRIARS LANE |
| 21 Feb 2022 | £139,476 | £133,000 | 20 ST RUMBOLDS STREET |
| 16 Feb 2022 | £123,222 | £117,500 | FLAT 33 FRIARS MEWS FRIARS LANE |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 3 Oct 2012. Using an estimated price of £231,727 means this house is valued at £2,694 per sq meter (£250 per sq foot).
The average size of a house on FRIARS LANE is 105 sq meters (1,137 sq feet).