£174,624
This estimated value is based upon the latest sale price for the house of £140,000 on 14 May 2018. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £140,000 | 14 May 2018 |
| Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 sq feet |
This model uses changes in the Official Land Registry House Price Index for NORTH EAST LINCOLNSHIRE to estimate the market value.
When this house was purchased in May 2018 the House Price Index for NORTH EAST LINCOLNSHIRE was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £140,000 results in an estimated price of approximately £174,624.
| 14 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £140,000 | £34,624 | £174,624 |
The Postcode Pricing Model uses changes in average sales price within the DN34 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 | 6.168 % | £8,634 | £148,634 |
| 3 Month Average | 9.727 % | £13,617 | £153,617 |
| 6 Month Average | 15.699 % | £21,979 | £161,979 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £132,315 | £130,000 | 67 SPRINGWAY CRESCENT |
| 22 Nov 2023 | £107,593 | £106,000 | 117 SPRING BANK |
| 20 Jul 2023 | £131,774 | £130,000 | 111 SPRING BANK |
| 20 Mar 2023 | £126,189 | £125,000 | 113 SPRING BANK |
| 3 Mar 2023 | £85,808 | £85,000 | 12 THORNHILL GARDENS |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 20 Mar 2018. Using an estimated price of £174,625 means this house is valued at £1,877 per sq meter (£174 per sq foot).
The average size of a house on SPRINGWAY CRESCENT is 84 sq meters (906 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Fern Court | |
| Feb 2024 | Anti-social behaviour | On or near Fern Court | |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Fern Court |
| Mar 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Theatre/Concert Hall |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Theatre/Concert Hall |