£403,077
This estimated value is based upon the latest sale price for the house of £395,000 on 30 Jun 2023. 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 Melrose Close
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| Price Paid | Date |
|---|---|
| £395,000 | 30 Jun 2023 |
| £259,000 | 4 Nov 2013 |
| £229,950 | 29 Jul 2004 |
| £129,000 | 12 Oct 2000 |
| £95,000 | 31 Jan 1997 |
| Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 2023 the House Price Index for LEICESTERSHIRE was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £395,000 results in an estimated price of approximately £403,077.
| 30 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.7 | 149.7 | 2.045 % | £395,000 | £8,077 | £403,077 |
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 | 28.571 % | £112,857 | £507,857 |
| 3 Month Average | 27.489 % | £108,579 | £503,579 |
| 6 Month Average | -9.338 % | £-36,884 | £358,115 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £132,970 | £129,950 | 8 ABBOTSFORD ROAD |
| 26 Oct 2023 | £335,111 | £327,500 | 10 FLORA GROVE |
| 22 Sep 2023 | £403,904 | £395,000 | 7 ABBOTSFORD ROAD |
| 12 Sep 2023 | £465,256 | £455,000 | 15 FLORA GROVE |
| 30 Jun 2023 | £403,078 | £395,000 | 4 KELSO CLOSE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 18 Jul 2013. Using an estimated price of £403,078 means this house is valued at £3,567 per sq meter (£331 per sq foot).
The average size of a house on KELSO CLOSE is 149 sq meters (1,608 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Burglary | Investigation complete; no suspect identified | On or near Melrose Close |
| Apr 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Flora Grove |
| Jul 2024 | Public order | Under investigation | On or near Clarence Place |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Neville Drive |
| Apr 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Neville Drive |