£129,703
This estimated value is based upon the latest sale price for the house of £105,000 on 22 Feb 2019. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£105,000 | 22 Feb 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 75 sq meters or 807 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 February 2019 the House Price Index for LINCOLNSHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.527%.Applying this 23.527% change to the original purchase price of £105,000 results in an estimated price of approximately £129,703.
22 Feb 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.527 % | £105,000 | £24,703 | £129,703 |
The Postcode Pricing Model uses changes in average sales price within the LN2 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 | 87.106 % | £91,461 | £196,461 |
3 Month Average | 14.474 % | £15,197 | £120,197 |
6 Month Average | 8.483 % | £8,907 | £113,907 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Aug 2023 | £121,059 | £120,000 | APARTMENT 35 NAVONA HOUSE OLSEN RISE |
8 Aug 2023 | £131,147 | £130,000 | APARTMENT 21 NAVONA HOUSE OLSEN RISE |
17 Feb 2023 | £94,936 | £95,000 | APARTMENT 17 NAVONA HOUSE OLSEN RISE |
8 Feb 2023 | £134,909 | £135,000 | APARTMENT 155 PALATINE HOUSE OLSEN RISE |
31 Oct 2022 | £118,722 | £120,000 | APARTMENT 37 NAVONA HOUSE OLSEN RISE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 14 Dec 2018. Using an estimated price of £129,703 means this house is valued at £1,729 per sq meter (£160 per sq foot).
The average size of a house on VENABLES WAY is 89 sq meters (963 sq feet).