£343,047
This estimated value is based upon the latest sale price for the house of £230,000 on 19 Dec 2014. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £230,000 | 19 Dec 2014 |
| £249,000 | 21 Jan 2004 |
| Detached |
| Freehold |
| Floor Area: 126 sq meters or 1,356 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 December 2014 the House Price Index for LINCOLNSHIRE was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £230,000 results in an estimated price of approximately £343,047.
| 19 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £230,000 | £113,047 | £343,047 |
The Postcode Pricing Model uses changes in average sales price within the LN9 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 | -16.561 % | £-38,090 | £191,909 |
| 3 Month Average | 30.102 % | £69,234 | £299,234 |
| 6 Month Average | 49.264 % | £113,306 | £343,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £248,171 | £246,000 | 68 LANGTON HILL |
| 24 Aug 2023 | £174,022 | £172,500 | 30 BAGGALEY DRIVE |
| 31 Jul 2023 | £233,138 | £230,000 | 2 OSBORNE WAY |
| 26 Jul 2023 | £395,321 | £390,000 | 11 LANGTON HILL |
| 15 Jun 2023 | £409,966 | £405,000 | 27 LANGTON HILL |
This house has a floor area of 126 sq meters or 1,356 sq feet when measured on 11 Mar 2014. Using an estimated price of £343,048 means this house is valued at £2,722 per sq meter (£252 per sq foot).
The average size of a house on OSBORNE WAY is 127 sq meters (1,374 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other crime | Unable to prosecute suspect | On or near Osborne Way |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Osborne Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Mar 2024 | Public order | Under investigation | On or near Petrol Station |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |