£493,919
This estimated value is based upon the latest sale price for the house of £285,000 on 25 Mar 2011. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £285,000 | 25 Mar 2011 |
| Detached |
| Freehold |
| Floor Area: 179 sq meters or 1,933 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 March 2011 the House Price Index for LEICESTER was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £285,000 results in an estimated price of approximately £493,919.
| 25 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 149.7 | 73.305 % | £285,000 | £208,919 | £493,919 |
The Postcode Pricing Model uses changes in average sales price within the LE4 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 | 109.725 % | £312,716 | £597,716 |
| 3 Month Average | 93.091 % | £265,308 | £550,308 |
| 6 Month Average | 100.861 % | £287,454 | £572,454 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £409,296 | £400,000 | 6 ARIANE PLACE |
| 4 Sep 2023 | £255,635 | £250,000 | 9 SWITHLAND AVENUE |
| 3 Feb 2023 | £145,975 | £145,000 | FLAT 8 12 BEAGLE CLOSE |
| 19 Jan 2023 | £165,442 | £165,000 | 19 BEAGLE CLOSE |
| 9 Sep 2022 | £229,846 | £230,000 | 4 DISCOVERY ROAD |
This house has a floor area of 179 sq meters or 1,933 sq feet when measured on 9 Jul 2010. Using an estimated price of £493,920 means this house is valued at £2,749 per sq meter (£255 per sq foot).
The average size of a house on ARIANE PLACE is 159 sq meters (1,721 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Ariane Place |