£276,984
This estimated value is based upon the latest sale price for the house of £231,000 on 4 Aug 2020. This value is then adjusted by the current Official House Price Index for LEICESTER 1
There has been one burglary within the last year on or near Welford Road
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| Price Paid | Date |
|---|---|
| £231,000 | 4 Aug 2020 |
| £260,000 | 11 Dec 2019 |
| £158,000 | 25 Jul 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 sq feet |
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 August 2020 the House Price Index for LEICESTER was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £231,000 results in an estimated price of approximately £276,984.
| 4 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £231,000 | £45,984 | £276,984 |
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 | 49.705 % | £114,818 | £345,818 |
| 3 Month Average | 9.621 % | £22,224 | £253,224 |
| 6 Month Average | 20.828 % | £48,113 | £279,113 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £322,645 | £317,000 | 1A HILLCREST ROAD |
| 19 Sep 2023 | £319,080 | £315,000 | 45 ROEHAMPTON DRIVE |
| 28 Feb 2023 | £374,748 | £375,000 | 727 WELFORD ROAD |
| 10 Feb 2023 | £350,764 | £351,000 | 731 WELFORD ROAD |
| 17 Jan 2023 | £303,570 | £305,000 | 1 HILLCREST ROAD |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 3 Mar 2014. Using an estimated price of £276,984 means this house is valued at £3,794 per sq meter (£352 per sq foot).
The average size of a house on WELFORD ROAD is 111 sq meters (1,202 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Welford Road |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Welford Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hillcrest Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillcrest Road |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Hillcrest Road |