£231,805
This estimated value is based upon the latest sale price for the house of £175,000 on 14 Oct 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£175,000 | 14 Oct 2016 |
£60,000 | 8 Sep 2006 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 October 2016 the House Price Index for LINCOLNSHIRE was 112.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.461%.Applying this 32.461% change to the original purchase price of £175,000 results in an estimated price of approximately £231,805.
14 Oct 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
112.2 | 148.6 | 32.461 % | £175,000 | £56,805 | £231,805 |
The Postcode Pricing Model uses changes in average sales price within the PE11 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 | 65.191 % | £114,084 | £289,084 |
3 Month Average | 20.333 % | £35,583 | £210,583 |
6 Month Average | 24.567 % | £42,991 | £217,991 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
11 Aug 2023 | £257,251 | £255,000 | 46 PARK CLOSE |
4 Aug 2022 | £418,872 | £420,000 | 3 PARK LANE |
4 Aug 2022 | £264,289 | £265,000 | 31 CATHEDRAL DRIVE |
3 Aug 2022 | £294,208 | £295,000 | 7 PARK CLOSE |
14 Jul 2022 | £317,852 | £316,996 | 33 CATHEDRAL DRIVE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 16 Mar 2016. Using an estimated price of £231,806 means this house is valued at £2,634 per sq meter (£244 per sq foot).
The average size of a house on PARK CLOSE is 99 sq meters (1,066 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2024 | Violence and sexual offences | Under investigation | On or near Arnhem Drive |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Arnhem Drive |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Park Close |
Mar 2024 | Vehicle crime | Under investigation | On or near Lincoln Way |
Feb 2024 | Possession of weapons | Under investigation | On or near Lincoln Way |