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Estimated Market Value


This estimated value is based upon the latest sale price for the house of £1,140,000 on 30 Jul 2019. This value is then adjusted by the current Official House Price Index for LEICESTER1

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Transactions for this house
Price PaidDate
£1,140,00030 Jul 2019
House Details

House Price Models

Land Registry House Price Index Model

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 2019 the House Price Index for LEICESTER was 134.6.

The House Price Index as of 1 Dec 2019 is 139.2 which is a change of 3.425%.

Applying this 3.425% change to the original purchase price of £1,140,000 gives us an estimated price now of around £1,179,040.

30 Jul 2019 1 Dec 2019 % change Purchase Price Gain / Loss Estimated Price
134.6 139.2 3.425 % £1,140,000 £39,040 £1,179,040

The Postcode Pricing Model uses changes in average sales price within the LE4 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 51.787 % £590,368 £1,730,368
3 Month Average 5.797 % £66,082 £1,206,082
6 Month Average 1.298 % £14,793 £1,154,793

In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.

In July 2019 the average sale price for the 50 nearest sales within two miles of 26 WENLOCK WAY was £187,120.

In September 2020 the average sale price for the 5 nearest sales was £283,986. This is a change of 51.767%.

So taking the original purchase price of £1,140,000 and adjusting it by 51.767% gives an estimated price of £1,730,141.

View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.

Average price on 30 Jul 2019 Average price on 29 Sep 2020 % change Purchase Price Gain / Loss Estimated Price
£187,120 £283,986 51.767 % £1,140,000 £590,141 £1,730,141
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
30 Jul 2019 £1,179,040 £1,140,000 26 WENLOCK WAY
19 Jul 2019 £233,222 £225,500 2 CHENEY ROAD
19 Jul 2019 £167,548 £162,000 12 GRIMSTON CLOSE
15 Apr 2019 £227,281 £210,000 40 BARKBYTHORPE ROAD
26 Mar 2019 £521,476 £475,000 15 PROGRESS WAY

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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