£500,229
This estimated value is based upon the latest sale price for the house of £350,000 on 14 Aug 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £350,000 | 14 Aug 2015 |
| £277,641 | 30 Jun 2011 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,358 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 August 2015 the House Price Index for LINCOLNSHIRE was 104.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 42.923%.Applying this 42.923% change to the original purchase price of £350,000 results in an estimated price of approximately £500,229.
| 14 Aug 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 148.6 | 42.923 % | £350,000 | £150,229 | £500,229 |
The Postcode Pricing Model uses changes in average sales price within the PE9 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 | 77.855 % | £272,492 | £622,492 |
| 3 Month Average | 37.108 % | £129,877 | £479,877 |
| 6 Month Average | 72.587 % | £254,055 | £604,055 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £335,974 | £331,000 | 26 ELGAR WAY |
| 22 Sep 2023 | £552,059 | £545,000 | 44 BANKS CRESCENT |
| 2 Jun 2023 | £283,433 | £280,000 | 105 BANKS CRESCENT |
| 3 Apr 2023 | £328,537 | £325,000 | 45 ELGAR WAY |
| 17 Feb 2023 | £242,337 | £242,500 | 34 BANKS CRESCENT |
This house has a floor area of 126 sq meters or 1,358 sq feet when measured on 11 Oct 2010. Using an estimated price of £500,230 means this house is valued at £3,963 per sq meter (£368 per sq foot).
The average size of a house on BANKS CRESCENT is 95 sq meters (1,027 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Elgar Way |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Elgar Way |
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Elgar Way |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Banks Crescent |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Banks Crescent |