£214,918
This estimated value is based upon the latest sale price for the house of £148,000 on 22 Jun 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £148,000 | 22 Jun 2015 |
| £44,500 | 5 Dec 1995 |
| Terraced |
| Freehold |
| Floor Area: 138 sq meters or 1,492 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 June 2015 the House Price Index for LINCOLNSHIRE was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £148,000 results in an estimated price of approximately £214,918.
| 22 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 102.3 | 148.6 | 45.215 % | £148,000 | £66,918 | £214,918 |
The Postcode Pricing Model uses changes in average sales price within the NG34 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 | 71.435 % | £105,723 | £253,723 |
| 3 Month Average | 45.955 % | £68,013 | £216,013 |
| 6 Month Average | 40.954 % | £60,611 | £208,611 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £161,412 | £160,000 | 13 MILLFIELD TERRACE |
| 16 Mar 2023 | £154,455 | £153,000 | 45 - 47 NORTHGATE |
| 30 Jun 2022 | £177,509 | £175,000 | 8 MILLFIELD TERRACE |
| 3 Dec 2021 | £245,345 | £229,000 | OLD SAVINGS BANK, 38A NORTHGATE |
| 30 Sep 2021 | £129,311 | £120,000 | 39 TAMER ROAD |
This house has a floor area of 138 sq meters or 1,492 sq feet when measured on 30 Sep 2009. Using an estimated price of £214,918 means this house is valued at £1,550 per sq meter (£144 per sq foot).
The average size of a house on NORTHGATE is 98 sq meters (1,055 sq feet).
This house is the largest in the street with a floor area of 138 sq meters (1,492 sq feet).