£306,825
This estimated value is based upon the latest sale price for the house of £236,000 on 28 Feb 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £236,000 | 28 Feb 2017 |
| 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 February 2017 the House Price Index for LINCOLNSHIRE was 114.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £236,000 results in an estimated price of approximately £306,825.
| 28 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £236,000 | £70,825 | £306,825 |
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 | 50.298 % | £118,702 | £354,702 |
| 3 Month Average | 28.564 % | £67,411 | £303,411 |
| 6 Month Average | 15.321 % | £36,158 | £272,158 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2023 | £353,329 | £350,000 | 5 MILL RISE |
| 24 Feb 2023 | £144,902 | £145,000 | MANNERS MILLGATE |
| 9 Nov 2022 | £224,777 | £227,500 | 41 CUMBERLAND AVENUE |
| 9 Aug 2022 | £219,409 | £220,000 | 13 CUMBERLAND AVENUE |
| 26 May 2022 | £253,272 | £248,500 | 5 LARK DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Cumberland Avenue |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Hall Street |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Cliff Road |
| Mar 2024 | Burglary | Under investigation | On or near The Link |
| Mar 2024 | Public order | Under investigation | On or near The Link |