£454,659
This estimated value is based upon the latest sale price for the house of £368,000 on 28 Jun 2019. 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 Fern Ley Close
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| Price Paid | Date |
|---|---|
| £368,000 | 28 Jun 2019 |
| £224,000 | 26 Aug 2005 |
| £162,950 | 21 Nov 2002 |
| £162,950 | 1 Oct 2002 |
| Detached |
| Freehold |
| Floor Area: 122 sq meters or 1,313 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 2019 the House Price Index for LEICESTERSHIRE was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £368,000 results in an estimated price of approximately £454,659.
| 28 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.549 % | £368,000 | £86,659 | £454,659 |
The Postcode Pricing Model uses changes in average sales price within the LE16 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 | -16.960 % | £-62,413 | £305,586 |
| 3 Month Average | -0.690 % | £-2,537 | £365,462 |
| 6 Month Average | 5.154 % | £18,967 | £386,967 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Aug 2023 | £514,501 | £510,000 | 6 FLAXLAND CLOSE |
| 6 Jan 2023 | £597,187 | £600,000 | 25 AUDLEY CLOSE |
| 12 Aug 2022 | £533,564 | £535,000 | 9 SHREWSBURY AVENUE |
| 25 Feb 2022 | £613,486 | £585,000 | 2 AUDLEY CLOSE |
| 11 Feb 2022 | £608,243 | £580,000 | 8 GILBERT CLOSE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 13 Jun 2019. Using an estimated price of £454,659 means this house is valued at £3,726 per sq meter (£346 per sq foot).
The average size of a house on FERN LEY CLOSE is 131 sq meters (1,414 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Burglary | Under investigation | On or near Fern Ley Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Fern Ley Close |
| Apr 2024 | Public order | Investigation complete; no suspect identified | On or near Roundhill Close |
| Jan 2024 | Vehicle crime | Unable to prosecute suspect | On or near The Longlands |
| Apr 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Petworth Drive |