£345,041
This estimated value is based upon the latest sale price for the house of £280,000 on 3 Apr 2018. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £280,000 | 3 Apr 2018 |
| £260,000 | 27 Nov 2015 |
| Detached |
| Freehold |
| Floor Area: 129 sq meters or 1,388 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 April 2018 the House Price Index for LEICESTER was 119.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.229%.Applying this 23.229% change to the original purchase price of £280,000 results in an estimated price of approximately £345,041.
| 3 Apr 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.0 | 146.7 | 23.229 % | £280,000 | £65,041 | £345,041 |
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 | 18.825 % | £52,709 | £332,709 |
| 3 Month Average | 32.059 % | £89,766 | £369,766 |
| 6 Month Average | 40.015 % | £112,043 | £392,043 |
This house has a floor area of 129 sq meters or 1,388 sq feet when measured on 12 Aug 2015.
The average size of a house on MAGNOLIA CLOSE is 140 sq meters (1,515 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Monsell Drive |
| Dec 2023 | Drugs | Local resolution | On or near Monsell Drive |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lutterworth Road |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lutterworth Road |
| Feb 2024 | Public order | Unable to prosecute suspect | On or near Lutterworth Road |