£410,418
This estimated value is based upon the latest sale price for the house of £400,000 on 6 Nov 2023. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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| Price Paid | Date |
|---|---|
| £400,000 | 6 Nov 2023 |
| £235,000 | 28 Sep 2018 |
| Detached |
| Freehold |
| Floor Area: 64 sq meters or 688 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 2023 the House Price Index for LEICESTERSHIRE was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £400,000 results in an estimated price of approximately £410,418.
| 6 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £400,000 | £10,418 | £410,418 |
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 | -13.072 % | £-52,289 | £347,710 |
| 3 Month Average | -1.339 % | £-5,357 | £394,642 |
| 6 Month Average | -10.795 % | £-43,181 | £356,818 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £410,418 | £400,000 | 74 RAINSBOROUGH GARDENS |
| 11 Sep 2023 | £311,875 | £305,000 | 48 CROMWELL CRESCENT |
| 1 Jun 2023 | £448,998 | £440,000 | 26 CROMWELL CRESCENT |
| 31 Mar 2023 | £493,237 | £485,000 | 5 BISHOP CLOSE |
| 5 Sep 2022 | £334,776 | £335,000 | 81 CROMWELL CRESCENT |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 31 Jul 2017. Using an estimated price of £410,418 means this house is valued at £6,412 per sq meter (£595 per sq foot).
The average size of a house on RAINSBOROUGH GARDENS is 90 sq meters (976 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Vaughan Close |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Selby Close |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Selby Close |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Huntingdon Gardens |
| Jun 2024 | Other theft | Investigation complete; no suspect identified | On or near Green Lane |