£225,869
This estimated value is based upon the latest sale price for the house of £162,000 on 21 Dec 2015. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £162,000 | 21 Dec 2015 |
| £150,000 | 17 Nov 2014 |
| £125,000 | 21 Aug 2013 |
| £92,500 | 7 Nov 2003 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 742 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 2015 the House Price Index for LEICESTERSHIRE was 107.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 39.426%.Applying this 39.426% change to the original purchase price of £162,000 results in an estimated price of approximately £225,869.
| 21 Dec 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 149.7 | 39.426 % | £162,000 | £63,869 | £225,869 |
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 | 32.558 % | £52,744 | £214,744 |
| 3 Month Average | 26.084 % | £42,256 | £204,256 |
| 6 Month Average | 26.255 % | £42,532 | £204,532 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £410,418 | £400,000 | 74 RAINSBOROUGH GARDENS |
| 13 Jan 2023 | £300,804 | £300,000 | 98 RAINSBOROUGH GARDENS |
| 24 Aug 2022 | £232,085 | £231,000 | 18 LINDSEY GARDENS |
| 12 Jul 2022 | £292,935 | £290,000 | 3 ARGYLE PARK |
| 23 May 2022 | £391,191 | £381,000 | 104 RAINSBOROUGH GARDENS |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 8 Sep 2014. Using an estimated price of £225,870 means this house is valued at £3,273 per sq meter (£304 per sq foot).
The average size of a house on RITCHIE PARK is 76 sq meters (818 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Vaughan Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Selby Close |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Selby Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Huntingdon Gardens |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Stratton Close |