£646,962
This estimated value is based upon the latest sale price for the house of £525,000 on 26 Oct 2018. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
There has been one burglary within the last year on or near Farndale View
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| Price Paid | Date |
|---|---|
| £525,000 | 26 Oct 2018 |
| £197,950 | 24 Nov 2000 |
| Detached |
| Freehold |
| Floor Area: 170 sq meters or 1,829 sq feet |
This model uses changes in the Official Land Registry House Price Index for LEICESTERSHIRE to estimate the market value.
When this house was purchased in October 2018 the House Price Index for LEICESTERSHIRE was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £525,000 results in an estimated price of approximately £646,962.
| 26 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £525,000 | £121,962 | £646,962 |
The Postcode Pricing Model uses changes in average sales price within the LE16 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 | 19.490 % | £102,322 | £627,322 |
| 3 Month Average | 11.199 % | £58,792 | £583,792 |
| 6 Month Average | 15.267 % | £80,151 | £605,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £356,233 | £350,000 | 16 BARLEY WAY |
| 7 Nov 2023 | £609,016 | £600,000 | 14 MILLERS GARDENS |
| 18 Aug 2023 | £504,413 | £500,000 | 5 HOPS CLOSE |
| 20 Jan 2023 | £373,242 | £375,000 | 4 HOPS CLOSE |
| 5 Aug 2022 | £438,819 | £440,000 | 2 HARVEST ROAD |
This house has a floor area of 170 sq meters or 1,829 sq feet when measured on 4 Jul 2018. Using an estimated price of £646,962 means this house is valued at £3,805 per sq meter (£353 per sq foot).
The average size of a house on RILEY CLOSE is 171 sq meters (1,845 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Farndale View |
| Apr 2024 | Burglary | Under investigation | On or near Hill Top Close |
| Apr 2024 | Anti-social behaviour | On or near Harvest Road | |
| Jan 2024 | Other theft | Under investigation | On or near Harvest Road |
| Mar 2024 | Public order | Unable to prosecute suspect | On or near Corn Street |