£218,115
This estimated value is based upon the latest sale price for the house of £118,540 on 29 Jun 2009. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £118,540 | 29 Jun 2009 |
| £125,000 | 26 Jun 2009 |
| Terraced |
| 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 June 2009 the House Price Index for LINCOLNSHIRE was 80.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 84.002%.Applying this 84.002% change to the original purchase price of £118,540 results in an estimated price of approximately £218,115.
| 29 Jun 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.8 | 148.6 | 84.002 % | £118,540 | £99,575 | £218,115 |
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 | 54.225 % | £64,277 | £182,817 |
| 3 Month Average | 31.795 % | £37,689 | £156,229 |
| 6 Month Average | 34.038 % | £40,349 | £158,889 |
| 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 |
| 29 Apr 2022 | £386,175 | £375,000 | 3 BLACKMOOR ROAD |
| 31 Jan 2022 | £473,584 | £450,000 | UNIT 2 LINCOLN ENTERPRISE PARK NEWARK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near South Hykeham Road |