This estimated value is based upon the latest sale price for the house of £495,000 on 28 May 2010. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE1
Get our free house price tracker.
|£495,000||28 May 2010|
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 May 2010 the House Price Index for LEICESTERSHIRE was 89.3.The House Price Index as of 1 Dec 2019 is 129.2 which is a change of 44.762%.
Applying this 44.762% change to the original purchase price of £495,000 gives us an estimated price now of around £716,573.
|28 May 2010||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the LE14 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||85.418 %||£422,820||£917,820|
|3 Month Average||30.432 %||£150,637||£645,637|
|6 Month Average||24.708 %||£122,302||£617,302|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In May 2010 the average sale price for the 50 nearest sales within seven miles of 3 HOLMLEIGH COURT was £174,892.
In September 2020 the average sale price for the 1 nearest sales was £536,249. This is a change of 206.618%.
So taking the original purchase price of £495,000 and adjusting it by 206.618% gives an estimated price of £1,517,758.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 28 May 2010||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|6 Dec 2019||£575,000||£575,000||SPRINGFIELD HOUSE, 4 CHAPEL LANE|
|5 Apr 2019||£548,305||£525,000||12 CHAPEL LANE|
|28 Mar 2019||£291,348||£280,000||3 CHURCH CLOSE|
|11 Oct 2018||£305,158||£295,000||11 DAIRY LANE|
|2 Oct 2018||£296,883||£287,000||4 BOLTON LANE|