£388,500
This estimated value is based upon the latest sale price for the house of £338,500 on 21 Dec 2020. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £338,500 | 21 Dec 2020 |
| 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 December 2020 the House Price Index for LINCOLNSHIRE was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £338,500 results in an estimated price of approximately £388,500.
| 21 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £338,500 | £50,000 | £388,500 |
The Postcode Pricing Model uses changes in average sales price within the DN21 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 | -11.321 % | £-38,321 | £300,178 |
| 3 Month Average | 7.427 % | £25,139 | £363,639 |
| 6 Month Average | 0.419 % | £1,418 | £339,918 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £75,318 | £74,000 | 9 PASTURE ROAD |
| 15 Sep 2023 | £709,066 | £700,000 | UNIT 23 CORRINGHAM ROAD INDUSTRIAL ESTATE |
| 2 Aug 2023 | £36,318 | £36,000 | 9 PEACOCK PLACE |
| 26 Jul 2023 | £204,756 | £202,000 | 15 SWAN COURT |
| 6 Apr 2023 | £68,740 | £68,000 | 39 ELSHAM WALK |