£245,834
This estimated value is based upon the latest sale price for the house of £182,000 on 31 Mar 2016. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £182,000 | 31 Mar 2016 |
| £95,000 | 25 Sep 2001 |
| £54,000 | 31 Oct 1997 |
| Detached |
| Freehold |
| Floor Area: 87 sq meters or 936 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 March 2016 the House Price Index for LEICESTERSHIRE was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £182,000 results in an estimated price of approximately £245,834.
| 31 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £182,000 | £63,834 | £245,834 |
The Postcode Pricing Model uses changes in average sales price within the LE3 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 | 40.750 % | £74,164 | £256,164 |
| 3 Month Average | 38.376 % | £69,844 | £251,844 |
| 6 Month Average | 53.987 % | £98,257 | £280,257 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2024 | £300,000 | £300,000 | 42 WATERGATE LANE |
| 19 Dec 2023 | £310,432 | £305,000 | 41 GRASS ACRES |
| 3 Mar 2023 | £363,424 | £360,000 | 59 GRASS ACRES |
| 24 Feb 2023 | £249,832 | £250,000 | 81 GRASS ACRES |
| 26 Nov 2021 | £257,400 | £238,000 | 70 GRASS ACRES |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 20 Apr 2015. Using an estimated price of £245,834 means this house is valued at £2,825 per sq meter (£262 per sq foot).
The average size of a house on WATERGATE LANE is 76 sq meters (824 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pinfold |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pinfold |
| Feb 2024 | Burglary | Under investigation | On or near Farmway |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near The Glade |
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Lubbesthorpe Road |