£196,192
This estimated value is based upon the latest sale price for the house of £152,000 on 22 Jun 2017. This value is then adjusted by the current Official House Price Index for LINCOLNSHIRE 1
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Price Paid | Date |
---|---|
£152,000 | 22 Jun 2017 |
Detached |
Freehold |
Floor Area: 72 sq meters or 775 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 June 2017 the House Price Index for LINCOLNSHIRE was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £152,000 results in an estimated price of approximately £196,192.
22 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 149.7 | 29.074 % | £152,000 | £44,192 | £196,192 |
The Postcode Pricing Model uses changes in average sales price within the PE25 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 | 51.487 % | £78,260 | £230,260 |
3 Month Average | 24.977 % | £37,964 | £189,964 |
6 Month Average | 18.699 % | £28,422 | £180,422 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
23 Apr 2024 | £267,321 | £265,000 | 80 BERESFORD AVENUE |
5 Jun 2023 | £279,093 | £273,500 | 41 BERESFORD AVENUE |
2 Mar 2023 | £186,108 | £183,000 | 5 TENNYSON GREEN |
31 Aug 2022 | £200,940 | £200,000 | 76 BRIAR WAY |
11 May 2022 | £286,463 | £279,000 | 106 BRIAR WAY |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 4 Apr 2017. Using an estimated price of £196,192 means this house is valued at £2,724 per sq meter (£253 per sq foot).
The average size of a house on BRIAR WAY is 111 sq meters (1,200 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).