£99,954
This estimated value is based upon the latest sale price for the house of £74,000 on 22 Mar 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £74,000 | 22 Mar 2016 |
| £47,000 | 31 Jan 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 75 sq meters or 812 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 March 2016 the House Price Index for LINCOLNSHIRE was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £74,000 results in an estimated price of approximately £99,954.
| 22 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £74,000 | £25,954 | £99,954 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | 139.511 % | £103,238 | £177,238 |
| 3 Month Average | 38.863 % | £28,758 | £102,758 |
| 6 Month Average | 27.492 % | £20,343 | £94,343 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £61,538 | £61,000 | 24 INGLEBY CRESCENT |
| 26 Sep 2022 | £143,838 | £145,000 | 23 NOCTON DRIVE |
| 20 Aug 2022 | £149,597 | £150,000 | 3 WELTON GARDENS |
| 26 Apr 2022 | £187,938 | £182,500 | 87 WOODHALL DRIVE |
| 31 Jan 2022 | £166,280 | £158,000 | 245 LAUGHTON WAY NORTH |
This house has a floor area of 75 sq meters or 812 sq feet when measured on 3 Nov 2011. Using an estimated price of £99,955 means this house is valued at £1,323 per sq meter (£122 per sq foot).
The average size of a house on LAUGHTON WAY NORTH is 75 sq meters (809 sq feet).