£298,487
This estimated value is based upon the latest sale price for the house of £217,500 on 29 Jan 2016. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £217,500 | 29 Jan 2016 |
| £50,000 | 20 Nov 2002 |
| £26,000 | 4 Aug 1997 |
| Semi-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 January 2016 the House Price Index for LINCOLNSHIRE was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £217,500 results in an estimated price of approximately £298,487.
| 29 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £217,500 | £80,987 | £298,487 |
The Postcode Pricing Model uses changes in average sales price within the PE22 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 | -5.389 % | £-11,720 | £205,779 |
| 3 Month Average | 17.051 % | £37,085 | £254,585 |
| 6 Month Average | 29.468 % | £64,093 | £281,593 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £393,442 | £390,000 | RED LYNCH MAIN ROAD |
| 28 Apr 2023 | £382,114 | £378,000 | CORNER COTTAGE HAGNABY LOCK |
| 3 Mar 2023 | £444,185 | £440,000 | THE GABLES BACK LANE |
| 4 Jan 2023 | £512,585 | £515,000 | PARK FARM HAGNABY LOCK |
| 4 Nov 2022 | £726,204 | £735,000 | UNIT 2A LANCASTER BUSINESS PARK SLEAFORD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Back Lane |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Fen Road |
| Mar 2024 | Other theft | Under investigation | On or near The Cul-De-Sac |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cole Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Cole Lane |