£561,854
This estimated value is based upon the latest sale price for the house of £325,000 on 27 Oct 2011. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £325,000 | 27 Oct 2011 |
| £82,482 | 1 May 2009 |
| £325,000 | 19 May 2006 |
| £207,000 | 15 Apr 2002 |
| Detached |
| Freehold |
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 October 2011 the House Price Index for LINCOLNSHIRE was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.878%.Applying this 72.878% change to the original purchase price of £325,000 results in an estimated price of approximately £561,854.
| 27 Oct 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.878 % | £325,000 | £236,854 | £561,854 |
The Postcode Pricing Model uses changes in average sales price within the LN5 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 | 47.922 % | £155,748 | £480,748 |
| 3 Month Average | 39.760 % | £129,219 | £454,219 |
| 6 Month Average | 37.621 % | £122,269 | £447,269 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £544,326 | £537,000 | LAVENDER HOUSE CHAPEL LANE |
| 10 Jan 2023 | £567,328 | £570,000 | THE OLD FORGE ROYAL OAK LANE |
| 6 May 2022 | £305,761 | £300,000 | 25 ROYAL OAK LANE |
| 31 Jan 2022 | £473,584 | £450,000 | UNIT 2 LINCOLN ENTERPRISE PARK NEWARK ROAD |
| 6 Dec 2021 | £385,696 | £360,000 | LINDUM VIEW BUTTS LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near South Hykeham Road |
| Apr 2024 | Public order | Under investigation | On or near Nettleton Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Apr 2024 | Anti-social behaviour | On or near Parking Area | |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |