This estimated value is based upon the latest sale price for the house of £459,900 on 6 Nov 2007. This value is then adjusted by the current Official House Price Index for LEICESTER1
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|£459,900||6 Nov 2007|
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 November 2007 the House Price Index for LEICESTER was 102.5.The House Price Index as of 1 Dec 2019 is 139.2 which is a change of 35.870%.
Applying this 35.870% change to the original purchase price of £459,900 gives us an estimated price now of around £624,868.
|6 Nov 2007||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||90.925 %||£418,162||£878,062|
|3 Month Average||44.720 %||£205,667||£665,567|
|6 Month Average||42.445 %||£195,204||£655,104|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2007 the average sale price for the 50 nearest sales within two miles of 31 HIGH VIEW CLOSE was £155,081.
In September 2020 the average sale price for the 4 nearest sales was £284,991. This is a change of 83.769%.
So taking the original purchase price of £459,900 and adjusting it by 83.769% gives an estimated price of £845,154.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 6 Nov 2007||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|30 Jul 2019||£1,179,040||£1,140,000||26 WENLOCK WAY|
|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|
|14 Feb 2019||£298,518||£275,000||15 HIGHCLIFFE ROAD|