£267,383
This estimated value is based upon the latest sale price for the house of £175,000 on 25 Jul 2014. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £175,000 | 25 Jul 2014 |
| £165,000 | 5 Oct 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 797 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 July 2014 the House Price Index for LEICESTER was 97.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 52.790%.Applying this 52.790% change to the original purchase price of £175,000 results in an estimated price of approximately £267,383.
| 25 Jul 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 97.3 | 148.6 | 52.790 % | £175,000 | £92,383 | £267,383 |
The Postcode Pricing Model uses changes in average sales price within the LE2 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 | 77.792 % | £136,135 | £311,135 |
| 3 Month Average | 56.935 % | £99,636 | £274,636 |
| 6 Month Average | 66.816 % | £116,927 | £291,927 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £263,367 | £260,000 | 45 GREAT ARLER ROAD |
| 25 Jan 2023 | £218,969 | £220,000 | 318 KNIGHTON LANE EAST |
| 20 Jan 2023 | £266,743 | £268,000 | 9 HEATHER ROAD |
| 8 Jul 2022 | £210,567 | £210,000 | 366 KNIGHTON LANE EAST |
| 24 Jun 2022 | £233,297 | £230,000 | 48 GREAT ARLER ROAD |
This house has a floor area of 74 sq meters or 797 sq feet when measured on 9 Nov 2009. Using an estimated price of £267,383 means this house is valued at £3,608 per sq meter (£335 per sq foot).
The average size of a house on WELFORD ROAD is 111 sq meters (1,202 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Great Arler Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Craighill Walk |
| Jan 2024 | Public order | Unable to prosecute suspect | On or near Craighill Walk |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Craighill Walk |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near A5199 |