£161,980
This estimated value is based upon the latest sale price for the house of £94,000 on 19 May 2006. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £94,000 | 19 May 2006 |
| £79,950 | 28 Nov 2003 |
| £37,500 | 27 Jul 2001 |
| £30,000 | 1 Jun 1998 |
| Detached |
| Freehold |
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 May 2006 the House Price Index for LINCOLNSHIRE was 85.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 72.320%.Applying this 72.320% change to the original purchase price of £94,000 results in an estimated price of approximately £161,980.
| 19 May 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 146.7 | 72.320 % | £94,000 | £67,980 | £161,980 |
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 | 82.787 % | £77,820 | £171,820 |
| 3 Month Average | 59.799 % | £56,210 | £150,210 |
| 6 Month Average | 53.443 % | £50,236 | £144,236 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Banks Lane | |
| Jan 2024 | Anti-social behaviour | On or near Banks Lane | |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Banks Lane |
| Jan 2024 | Anti-social behaviour | On or near Banks Lane | |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Parking Area |