£491,860
This estimated value is based upon the latest sale price for the house of £310,000 on 5 Jun 2007. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £310,000 | 5 Jun 2007 |
| £250,000 | 12 Sep 2003 |
| £192,000 | 5 Jun 2002 |
| Detached |
| Freehold |
| Floor Area: 144 sq meters or 1,550 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 June 2007 the House Price Index for LEICESTERSHIRE was 93.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 58.665%.Applying this 58.665% change to the original purchase price of £310,000 results in an estimated price of approximately £491,860.
| 5 Jun 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.7 | 148.6 | 58.665 % | £310,000 | £181,860 | £491,860 |
The Postcode Pricing Model uses changes in average sales price within the LE17 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 | 96.048 % | £297,750 | £607,750 |
| 3 Month Average | 23.698 % | £73,465 | £383,465 |
| 6 Month Average | 26.407 % | £81,862 | £391,862 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £522,026 | £515,000 | 50 LILAC DRIVE |
| 29 Nov 2021 | £416,383 | £385,000 | 61 LILAC DRIVE |
| 23 Aug 2021 | £354,766 | £318,000 | 15 LILAC DRIVE |
| 21 Aug 2020 | £383,701 | £320,000 | 11 LILAC DRIVE |
| 10 Jul 2020 | £459,497 | £380,000 | 7 FORSYTHIA CLOSE |
This house has a floor area of 144 sq meters or 1,550 sq feet when measured on 20 May 2021. Using an estimated price of £491,860 means this house is valued at £3,415 per sq meter (£317 per sq foot).
The average size of a house on LILAC DRIVE is 127 sq meters (1,367 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other crime | Investigation complete; no suspect identified | On or near Lilac Drive |
| Apr 2024 | Burglary | Under investigation | On or near Forsythia Close |
| Feb 2024 | Vehicle crime | Unable to prosecute suspect | On or near Jasmine Close |
| Feb 2024 | Drugs | Local resolution | On or near Jasmine Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Azalea Close |