£290,901
This estimated value is based upon the latest sale price for the house of £267,000 on 26 Nov 2021. 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 Letchworth Road
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| Price Paid | Date |
|---|---|
| £267,000 | 26 Nov 2021 |
| £136,000 | 30 May 2003 |
| £57,000 | 24 May 1996 |
| Semi-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 November 2021 the House Price Index for LEICESTER was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £267,000 results in an estimated price of approximately £290,901.
| 26 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £267,000 | £23,901 | £290,901 |
The Postcode Pricing Model uses changes in average sales price within the LE3 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 | 17.382 % | £46,411 | £313,411 |
| 3 Month Average | 21.379 % | £57,081 | £324,081 |
| 6 Month Average | 5.679 % | £15,163 | £282,163 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Jul 2024 | £110,000 | £110,000 | 18 PIPER CLOSE |
| 18 Jun 2024 | £225,000 | £225,000 | 1 POYNINGS AVENUE |
| 15 Mar 2024 | £289,447 | £285,000 | 221 GLENFIELD ROAD |
| 28 Oct 2022 | £277,075 | £278,000 | 155 LETCHWORTH ROAD |
| 21 Jun 2022 | £232,980 | £228,000 | 15 HILDERS ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 22 Jul 2014. Using an estimated price of £290,902 means this house is valued at £3,232 per sq meter (£300 per sq foot).
The average size of a house on LETCHWORTH ROAD is 147 sq meters (1,585 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Letchworth Road |
| Jul 2024 | Drugs | Under investigation | On or near Letchworth Road |
| Jul 2024 | Anti-social behaviour | On or near Poynings Avenue | |
| Jul 2024 | Anti-social behaviour | On or near Poynings Avenue | |
| Jul 2024 | Anti-social behaviour | On or near Poynings Avenue |