£298,908
This estimated value is based upon the latest sale price for the house of £172,950 on 22 Dec 2009. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £172,950 | 22 Dec 2009 |
| Detached |
| Freehold |
| Floor Area: 89 sq meters or 962 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 December 2009 the House Price Index for LEICESTERSHIRE was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.830%.Applying this 72.830% change to the original purchase price of £172,950 results in an estimated price of approximately £298,908.
| 22 Dec 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.830 % | £172,950 | £125,958 | £298,908 |
The Postcode Pricing Model uses changes in average sales price within the LE67 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 | 58.218 % | £100,688 | £273,638 |
| 3 Month Average | 62.516 % | £108,121 | £281,071 |
| 6 Month Average | 84.109 % | £145,465 | £318,415 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £214,880 | £213,000 | 6 LILLEHAMMER DRIVE |
| 4 Jul 2023 | £321,750 | £317,420 | LEICESTER INN LONDON ROAD |
| 11 Nov 2022 | £232,188 | £235,000 | 23 GEORGE SMITH DRIVE |
| 14 Apr 2022 | £226,556 | £220,000 | 17 GEORGE SMITH DRIVE |
| 3 Dec 2021 | £208,919 | £195,000 | 6 GEORGE SMITH DRIVE |
This house has a floor area of 89 sq meters or 962 sq feet when measured on 7 Dec 2009. Using an estimated price of £298,909 means this house is valued at £3,344 per sq meter (£310 per sq foot).
The average size of a house on GEORGE SMITH DRIVE is 97 sq meters (1,045 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near George Smith Drive |
| Mar 2024 | Drugs | Under investigation | On or near George Smith Drive |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near George Smith Drive |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near George Smith Drive |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Petrol Station |