£78,107
This estimated value is based upon the latest sale price for the house of £21,000 on 28 Jul 2000. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £21,000 | 28 Jul 2000 |
| £15,500 | 21 Dec 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 July 2000 the House Price Index for LINCOLNSHIRE was 40.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 271.941%.Applying this 271.941% change to the original purchase price of £21,000 results in an estimated price of approximately £78,107.
| 28 Jul 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.0 | 148.6 | 271.941 % | £21,000 | £57,107 | £78,107 |
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 | 279.043 % | £58,599 | £79,599 |
| 3 Month Average | 251.295 % | £52,772 | £73,772 |
| 6 Month Average | 283.344 % | £59,502 | £80,502 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £88,272 | £87,500 | FLAT 4 PILGRIM HOUSE, 6 - 8 SOUTH STREET |
| 12 Jun 2023 | £225,228 | £222,500 | 31 MARKET PLACE |
| 3 Apr 2023 | £217,340 | £215,000 | 20 - 22 SOUTH STREET |
| 9 Mar 2023 | £104,484 | £103,500 | 9 HIGH STREET |
| 31 Jan 2023 | £73,653 | £74,000 | FLAT 3 PILGRIM MANSIONS SPAIN LANE |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 12 Dec 2019. Using an estimated price of £78,108 means this house is valued at £1,627 per sq meter (£151 per sq foot).
The average size of a house on SPAIN LANE is 53 sq meters (571 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Customhouse Lane |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Mar 2024 | Other theft | Under investigation | On or near Spain Lane |