£624,198
This estimated value is based upon the latest sale price for the house of £509,000 on 25 Oct 2019. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £509,000 | 25 Oct 2019 |
| £330,000 | 23 Jun 2017 |
| Detached |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 October 2019 the House Price Index for LEICESTER was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £509,000 results in an estimated price of approximately £624,198.
| 25 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £509,000 | £115,198 | £624,198 |
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 | 0.688 % | £3,503 | £512,503 |
| 3 Month Average | 17.013 % | £86,595 | £595,595 |
| 6 Month Average | 27.462 % | £139,779 | £648,779 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £572,008 | £562,000 | 41 RING ROAD |
| 1 Mar 2023 | £434,090 | £430,000 | 21 SOUTHLAND ROAD |
| 17 May 2022 | £591,139 | £580,000 | 7 SOUTHLAND ROAD |
| 10 Dec 2021 | £466,239 | £435,177 | 8A SOUTHLAND ROAD |
| 24 Jun 2021 | £461,357 | £430,000 | 5 RYDE AVENUE |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 3 May 2019. Using an estimated price of £624,198 means this house is valued at £4,133 per sq meter (£384 per sq foot).
The average size of a house on SOUTHLAND ROAD is 138 sq meters (1,492 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Feb 2024 | Anti-social behaviour | On or near Parking Area | |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Parking Area |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Ring Road |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Southland Road |