£501,878
This estimated value is based upon the latest sale price for the house of £465,000 on 15 Dec 2021. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £465,000 | 15 Dec 2021 |
| £224,950 | 31 May 2002 |
| Detached |
| Freehold |
| Floor Area: 160 sq meters or 1,722 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 December 2021 the House Price Index for LEICESTERSHIRE was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £465,000 results in an estimated price of approximately £501,878.
| 15 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £465,000 | £36,878 | £501,878 |
The Postcode Pricing Model uses changes in average sales price within the LE65 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 | -1.118 % | £-5,197 | £459,802 |
| 3 Month Average | 41.773 % | £194,243 | £659,243 |
| 6 Month Average | 17.534 % | £81,531 | £546,531 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £479,742 | £465,000 | 11 KING RICHARD WAY |
| 1 Aug 2023 | £590,653 | £580,000 | 7 PLANTAGENET WAY |
| 23 Jun 2022 | £372,973 | £365,000 | 59 NOTTINGHAM ROAD |
| 31 Mar 2022 | £289,169 | £277,000 | 34 NOTTINGHAM ROAD |
| 14 Jan 2022 | £483,981 | £456,500 | 3 FEATHERBED LANE |
This house has a floor area of 160 sq meters or 1,722 sq feet when measured on 28 Jul 2020. Using an estimated price of £501,878 means this house is valued at £3,136 per sq meter (£291 per sq foot).
The average size of a house on FAIRFAX CLOSE is 192 sq meters (2,074 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bosworth Close |
| Apr 2024 | Other theft | Investigation complete; no suspect identified | On or near Plantagenet Way |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Sycamore Drive |
| May 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Elm Avenue |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Edgehill Way |