£113,277
This estimated value is based upon the latest sale price for the house of £110,000 on 25 Apr 2022. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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| Price Paid | Date |
|---|---|
| £110,000 | 25 Apr 2022 |
| £167,000 | 6 Dec 2007 |
| 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 April 2022 the House Price Index for LINCOLNSHIRE was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £110,000 results in an estimated price of approximately £113,277.
| 25 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £110,000 | £3,277 | £113,277 |
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 | 69.006 % | £75,906 | £185,906 |
| 3 Month Average | -1.438 % | £-1,582 | £108,417 |
| 6 Month Average | -3.364 % | £-3,700 | £106,299 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Feb 2023 | £134,909 | £135,000 | APARTMENT 155 PALATINE HOUSE OLSEN RISE |
| 29 Jul 2022 | £80,216 | £80,000 | APARTMENT 18 VENABLES COURT VENABLES WAY |
| 24 Jun 2022 | £136,935 | £135,000 | APARTMENT 129 PALATINE HOUSE OLSEN RISE |
| 31 May 2022 | £112,112 | £110,000 | APARTMENT 23 VENABLES COURT VENABLES WAY |
| 6 May 2022 | £124,853 | £122,500 | APARTMENT 127 PALATINE HOUSE OLSEN RISE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 22 Jun 2021. Using an estimated price of £113,278 means this house is valued at £1,510 per sq meter (£140 per sq foot).
The average size of a house on VENABLES WAY is 89 sq meters (963 sq feet).