£354,093
This estimated value is based upon the latest sale price for the house of £325,000 on 10 Nov 2021. This value is then adjusted by the current Official House Price Index for RUTLAND 1
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| Price Paid | Date |
|---|---|
| £325,000 | 10 Nov 2021 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for RUTLAND to estimate the market value.
When this house was purchased in November 2021 the House Price Index for RUTLAND 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 £325,000 results in an estimated price of approximately £354,093.
| 10 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £325,000 | £29,093 | £354,093 |
The Postcode Pricing Model uses changes in average sales price within the LE15 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 | 11.013 % | £35,793 | £360,793 |
| 3 Month Average | 50.348 % | £163,632 | £488,632 |
| 6 Month Average | 19.470 % | £63,277 | £388,277 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £202,500 | £202,500 | 26 MELTON ROAD |
| 15 Mar 2024 | £360,539 | £355,000 | 2 MELTON ROAD |
| 13 Oct 2023 | £455,342 | £445,000 | 1 FAIRFIELD CLOSE |
| 29 Sep 2023 | £350,220 | £342,500 | 13 WELL STREET |
| 30 Mar 2023 | £355,944 | £350,000 | 22 MELTON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Shopping Area |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Jubilee Drive |
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Jubilee Drive |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Jubilee Drive |
| Sep 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Jubilee Drive |