£302,359
This estimated value is based upon the latest sale price for the house of £210,000 on 28 Aug 2015. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £210,000 | 28 Aug 2015 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 2015 the House Price Index for LEICESTER was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £210,000 results in an estimated price of approximately £302,359.
| 28 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 149.7 | 43.981 % | £210,000 | £92,359 | £302,359 |
The Postcode Pricing Model uses changes in average sales price within the LE18 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 | 40.781 % | £85,639 | £295,639 |
| 3 Month Average | 53.908 % | £113,207 | £323,207 |
| 6 Month Average | 54.325 % | £114,081 | £324,081 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2024 | £310,000 | £310,000 | 71 MERE ROAD |
| 2 Aug 2024 | £235,000 | £235,000 | 5 EMBERTON CLOSE |
| 20 Jun 2024 | £375,000 | £375,000 | 143 MERE ROAD |
| 14 Jun 2024 | £332,500 | £332,500 | 125 MERE ROAD |
| 19 Apr 2024 | £324,316 | £321,500 | 119 MERE ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 1 May 2015. Using an estimated price of £302,360 means this house is valued at £3,359 per sq meter (£312 per sq foot).
The average size of a house on MERE ROAD is 105 sq meters (1,136 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Middleton Close |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Middleton Close |
| Sep 2024 | Anti-social behaviour | On or near Tendring Drive | |
| Sep 2024 | Anti-social behaviour | On or near Tendring Drive | |
| Sep 2024 | Anti-social behaviour | On or near Tendring Drive |