£473,583
This estimated value is based upon the latest sale price for the house of £450,000 on 31 Jan 2022. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £450,000 | 31 Jan 2022 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for LEICESTER to estimate the market value.
When this house was purchased in January 2022 the House Price Index for LEICESTER was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £450,000 results in an estimated price of approximately £473,583.
| 31 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £450,000 | £23,583 | £473,583 |
The Postcode Pricing Model uses changes in average sales price within the LE2 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 | -1.539 % | £-6,923 | £443,076 |
| 3 Month Average | 3.653 % | £16,439 | £466,439 |
| 6 Month Average | 13.073 % | £58,827 | £508,827 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jun 2023 | £133,619 | £132,000 | FLAT 5 BRAIDS COURT, 502 LONDON ROAD |
| 7 Jun 2023 | £89,585 | £88,500 | FLAT 4 MORLAND HOUSE, 1 MORLAND AVENUE |
| 18 Nov 2022 | £66,692 | £67,500 | FLAT 3 MORLAND HOUSE, 1 MORLAND AVENUE |
| 13 Oct 2022 | £1,048,708 | £1,060,000 | 26 KNIGHTON RISE |
| 20 Jun 2022 | £405,734 | £400,000 | 431 LONDON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grenfell Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Grenfell Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Leicester Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Leicester Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Leicester Road |