£164,203
This estimated value is based upon the latest sale price for the house of £110,500 on 16 Jan 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £110,500 | 16 Jan 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 57 sq meters or 613 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 January 2015 the House Price Index for LINCOLNSHIRE was 100.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 48.600%.Applying this 48.600% change to the original purchase price of £110,500 results in an estimated price of approximately £164,203.
| 16 Jan 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 148.6 | 48.600 % | £110,500 | £53,703 | £164,203 |
The Postcode Pricing Model uses changes in average sales price within the LN8 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 | 61.390 % | £67,835 | £178,335 |
| 3 Month Average | 49.801 % | £55,029 | £165,529 |
| 6 Month Average | 58.234 % | £64,348 | £174,848 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £218,829 | £215,000 | 22 BAIN RISE |
| 7 Sep 2023 | £277,042 | £273,500 | 5 BAIN RISE |
| 1 Jun 2023 | £174,615 | £172,500 | 12 RIVERSIDE |
| 3 Mar 2023 | £272,568 | £270,000 | HELVELLYN MAGNA MILE |
| 20 Feb 2023 | £222,350 | £222,500 | ORCHARD VIEW MAGNA MILE |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 12 Jan 2015. Using an estimated price of £164,203 means this house is valued at £2,880 per sq meter (£267 per sq foot).
The average size of a house on RIVERSIDE is 70 sq meters (754 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Kiln Hill |
| Feb 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Feb 2024 | Anti-social behaviour | On or near Sports/Recreation Area | |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Sixhills Lane |