Full Address

52 WARWICK ROAD
CHAPEL ST LEONARDS
SKEGNESS
LINCOLNSHIRE
UNITED KINGDOM
PE24 5UL

Estimated Market Value

£152,813

This estimated value is based upon the latest sale price for the house of £153,000 on 29 Aug 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE1

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Transactions for this house
Price PaidDate
£153,00029 Aug 2019
House Details
Detached
Freehold

House Price Models

Land Registry House Price Index Model

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 2019 the House Price Index for LINCOLNSHIRE was 124.7.

The House Price Index as of 1 Dec 2019 is 124.6 which is a change of -0.122%.

Applying this -0.122% change to the original purchase price of £153,000 gives us an estimated price now of around £152,813.

29 Aug 2019 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
124.7 124.6 -0.122 % £153,000 £-186 £152,813

The Postcode Pricing Model uses changes in average sales price within the PE24 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 5.780 % £8,843 £161,843
3 Month Average 8.686 % £13,289 £166,289
6 Month Average -16.005 % £-24,487 £128,512

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In August 2019 the average sale price for the 50 nearest sales within seven miles of 52 WARWICK ROAD was £157,591.

In August 2020 the average sale price for the 4 nearest sales was £119,128. This is a change of -24.407%.

So taking the original purchase price of £153,000 and adjusting it by -24.407% gives an estimated price of £115,657.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 29 Aug 2019 Average price on 25 Aug 2020 % change Purchase Price Gain / Loss Estimated Price
£157,591 £119,128 -24.407 % £153,000 £-37,342 £115,657
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
29 Aug 2019 £152,813 £153,000 52 WARWICK ROAD
29 May 2019 £90,808 £90,000 22 WARWICK ROAD
11 Feb 2019 £152,179 £151,000 46 BUCKINGHAM DRIVE
10 Aug 2018 £146,112 £145,000 1 BUCKINGHAM DRIVE
4 May 2018 £130,448 £126,000 1A BUCKINGHAM DRIVE

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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