£88,444
This estimated value is based upon the latest sale price for the house of £60,000 on 30 Mar 2015. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £60,000 | 30 Mar 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 23 sq meters or 251 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 2015 the House Price Index for LINCOLNSHIRE was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £60,000 results in an estimated price of approximately £88,444.
| 30 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £60,000 | £28,444 | £88,444 |
The Postcode Pricing Model uses changes in average sales price within the NG31 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 | 13.595 % | £8,156 | £68,156 |
| 3 Month Average | 37.659 % | £22,595 | £82,595 |
| 6 Month Average | 38.220 % | £22,932 | £82,932 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Mar 2023 | £136,284 | £135,000 | 54 THE WATERFRONT WELHAM STREET |
| 19 Jan 2023 | £156,762 | £157,500 | 1 GROVE END ROAD |
| 10 Aug 2022 | £69,812 | £70,000 | 45 THE WATERFRONT WELHAM STREET |
| 27 Jul 2022 | £110,297 | £110,000 | 4 ETON STREET |
| 25 Jul 2022 | £188,006 | £187,500 | 21 ST CATHERINES ROAD |
This house has a floor area of 23 sq meters or 251 sq feet when measured on 15 Jan 2009. Using an estimated price of £88,444 means this house is valued at £3,790 per sq meter (£352 per sq foot).
The average size of a house on WELHAM STREET is 72 sq meters (775 sq feet).
This house is the smallest in the street with a floor area of 23 sq meters (251 sq feet).