£274,401
This estimated value is based upon the latest sale price for the house of £225,000 on 25 Jan 2019. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £225,000 | 25 Jan 2019 |
| £220,000 | 14 Dec 2018 |
| £69,950 | 26 Feb 1998 |
| Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 January 2019 the House Price Index for LEICESTER was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.956%.Applying this 21.956% change to the original purchase price of £225,000 results in an estimated price of approximately £274,401.
| 25 Jan 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.956 % | £225,000 | £49,401 | £274,401 |
The Postcode Pricing Model uses changes in average sales price within the LE5 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 | 21.432 % | £48,222 | £273,222 |
| 3 Month Average | 23.209 % | £52,219 | £277,219 |
| 6 Month Average | 25.220 % | £56,745 | £281,745 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 16 Mar 2018.
The average size of a house on ORSETT CLOSE is 106 sq meters (1,140 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Orsett Close |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Orsett Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Barling Road |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Tillingham Road |
| Jan 2024 | Violence and sexual offences | Local resolution | On or near Tillingham Road |