£389,489
This estimated value is based upon the latest sale price for the house of £78,000 on 12 Sep 1997. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £78,000 | 12 Sep 1997 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,347 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 September 1997 the House Price Index for LINCOLNSHIRE was 29.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 399.345%.Applying this 399.345% change to the original purchase price of £78,000 results in an estimated price of approximately £389,489.
| 12 Sep 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.8 | 148.6 | 399.345 % | £78,000 | £311,489 | £389,489 |
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 | 317.609 % | £247,735 | £325,735 |
| 3 Month Average | 295.302 % | £230,335 | £308,335 |
| 6 Month Average | 323.599 % | £252,407 | £330,407 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £284,986 | £280,000 | HEATHERS STANDISH GROVE |
| 8 Sep 2023 | £278,562 | £275,000 | 1 ST BEDES DRIVE |
| 31 Aug 2023 | £156,368 | £155,000 | 23 STANDISH GROVE |
| 2 Jun 2023 | £253,065 | £250,000 | 26 ST BEDES DRIVE |
| 31 Mar 2023 | £236,226 | £234,000 | 5 ST BEDES DRIVE |
This house has a floor area of 125 sq meters or 1,347 sq feet when measured on 4 Oct 2010. Using an estimated price of £389,489 means this house is valued at £3,111 per sq meter (£289 per sq foot).
The average size of a house on SPILSBY ROAD is 161 sq meters (1,733 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Standish Grove |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tollfield Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tollfield Road |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Tollfield Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Tollfield Road |