£105,878
This estimated value is based upon the latest sale price for the house of £62,500 on 21 Jul 2010. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £62,500 | 21 Jul 2010 |
| Terraced |
| Freehold |
| Floor Area: 53 sq meters or 570 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 July 2010 the House Price Index for LINCOLNSHIRE was 87.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.405%.Applying this 69.405% change to the original purchase price of £62,500 results in an estimated price of approximately £105,878.
| 21 Jul 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.7 | 148.6 | 69.405 % | £62,500 | £43,378 | £105,878 |
The Postcode Pricing Model uses changes in average sales price within the PE21 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 | 53.288 % | £33,305 | £95,805 |
| 3 Month Average | 42.482 % | £26,551 | £89,051 |
| 6 Month Average | 54.418 % | £34,011 | £96,511 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2023 | £68,374 | £67,500 | 1 ALBION TERRACE |
| 4 Aug 2023 | £88,272 | £87,500 | FLAT 4 PILGRIM HOUSE, 6 - 8 SOUTH STREET |
| 12 Jun 2023 | £225,228 | £222,500 | 31 MARKET PLACE |
| 11 Apr 2023 | £122,317 | £121,000 | 1 MAIN RIDGE WEST |
| 23 Sep 2022 | £605,113 | £610,000 | 13 DOLPHIN LANE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 2 Dec 2019. Using an estimated price of £105,878 means this house is valued at £1,997 per sq meter (£185 per sq foot).
The average size of a house on ALBION TERRACE is 68 sq meters (736 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near John Adams Way |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Parking Area |
| Mar 2024 | Anti-social behaviour | On or near Main Ridge West | |
| Feb 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spain Place |