£423,063
This estimated value is based upon the latest sale price for the house of £250,000 on 29 Nov 2012. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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Price Paid | Date |
---|---|
£250,000 | 29 Nov 2012 |
£249,995 | 19 Mar 2007 |
Detached |
Freehold |
Floor Area: 120 sq meters or 1,291 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 November 2012 the House Price Index for LEICESTERSHIRE was 87.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.226%.Applying this 69.226% change to the original purchase price of £250,000 results in an estimated price of approximately £423,063.
29 Nov 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.8 | 148.6 | 69.226 % | £250,000 | £173,063 | £423,063 |
The Postcode Pricing Model uses changes in average sales price within the LE13 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 | 17.724 % | £44,310 | £294,310 |
3 Month Average | 42.116 % | £105,289 | £355,289 |
6 Month Average | 57.455 % | £143,638 | £393,638 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Sep 2023 | £425,440 | £420,000 | 9 NORFOLK DRIVE |
11 Jul 2023 | £337,400 | £332,859 | 5 SOMERSET CLOSE |
6 Feb 2023 | £374,748 | £375,000 | 35A SUSSEX AVENUE |
13 Jan 2023 | £457,843 | £460,000 | 2 SUSSEX AVENUE |
6 Jan 2023 | £248,828 | £250,000 | 7 OXFORD DRIVE |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 25 Jul 2012. Using an estimated price of £423,064 means this house is valued at £3,525 per sq meter (£327 per sq foot).
The average size of a house on OXFORD DRIVE is 124 sq meters (1,341 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Criminal damage and arson | Under investigation | On or near Norfolk Drive |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Norfolk Drive |
Feb 2024 | Anti-social behaviour | On or near Norfolk Drive | |
Feb 2024 | Anti-social behaviour | On or near Norfolk Drive | |
Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Cotswold Close |