£226,345
This estimated value is based upon the latest sale price for the house of £185,000 on 13 Feb 2020. This value is then adjusted by the current Official House Price Index for NORTH EAST LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £185,000 | 13 Feb 2020 |
| Detached |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 February 2020 the House Price Index for NORTH EAST LINCOLNSHIRE was 121.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.349%.Applying this 22.349% change to the original purchase price of £185,000 results in an estimated price of approximately £226,345.
| 13 Feb 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.6 | 22.349 % | £185,000 | £41,345 | £226,345 |
The Postcode Pricing Model uses changes in average sales price within the DN37 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 | 104.710 % | £193,714 | £378,714 |
| 3 Month Average | 36.776 % | £68,034 | £253,034 |
| 6 Month Average | 8.205 % | £15,178 | £200,178 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Jun 2023 | £183,219 | £181,000 | 129 FAULDING WAY |
| 31 Mar 2023 | £236,226 | £234,000 | 20 CORMORANT DRIVE |
| 10 Feb 2023 | £159,892 | £160,000 | 6 CORMORANT DRIVE |
| 1 Nov 2022 | £72,126 | £73,000 | 115 FAULDING WAY |
| 24 Oct 2022 | £170,662 | £172,500 | 10 FORTUNA WAY |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 10 Oct 2019. Using an estimated price of £226,346 means this house is valued at £2,357 per sq meter (£219 per sq foot).
The average size of a house on CORMORANT DRIVE is 102 sq meters (1,105 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Aylesby Road |
| Dec 2023 | Other crime | Local resolution | On or near Gedney Close |
| Mar 2024 | Anti-social behaviour | On or near Faulding Way | |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Faulding Way |
| Dec 2023 | Drugs | Local resolution | On or near The Avenue |