£188,343
This estimated value is based upon the latest sale price for the house of £40,000 on 12 May 1998. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £40,000 | 12 May 1998 |
| Terraced |
| Freehold |
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 May 1998 the House Price Index for LEICESTER was 31.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 370.858%.Applying this 370.858% change to the original purchase price of £40,000 results in an estimated price of approximately £188,343.
| 12 May 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 148.6 | 370.858 % | £40,000 | £148,343 | £188,343 |
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 | 303.162 % | £121,264 | £161,264 |
| 3 Month Average | 340.387 % | £136,154 | £176,154 |
| 6 Month Average | 377.582 % | £151,032 | £191,032 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Mar 2024 | £375,000 | £375,000 | 54 MELBOURNE STREET |
| 5 Jun 2023 | £222,698 | £220,000 | 43 CECIL ROAD |
| 9 Feb 2022 | £125,843 | £120,000 | FLAT 2 55 MELBOURNE STREET |
| 12 Nov 2021 | £286,601 | £265,000 | 7 FLORENCE ROAD |
| 29 Oct 2021 | £287,684 | £260,000 | 39 MELBOURNE STREET |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Local resolution | On or near Florence Road |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Florence Road |
| Feb 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melbourne Street |
| Jan 2024 | Other theft | Unable to prosecute suspect | On or near Melbourne Street |
| Dec 2023 | Bicycle theft | Investigation complete; no suspect identified | On or near Melbourne Street |