£4,494,720
This estimated value is based upon the latest sale price for the house of £3,700,000 on 31 Jan 2020. This value is then adjusted by the current Official House Price Index for LEICESTER 1
There has been one burglary within the last year on or near Friar Lane
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| Price Paid | Date |
|---|---|
| £3,700,000 | 31 Jan 2020 |
| Freehold |
| Floor Area: 85 sq meters or 914 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 January 2020 the House Price Index for LEICESTER was 121.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.479%.Applying this 21.479% change to the original purchase price of £3,700,000 results in an estimated price of approximately £4,494,720.
| 31 Jan 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 148.0 | 21.479 % | £3,700,000 | £794,720 | £4,494,720 |
The Postcode Pricing Model uses changes in average sales price within the LE1 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 | -42.695 % | £-1,579,711 | £2,120,288 |
| 3 Month Average | -24.795 % | £-917,408 | £2,782,591 |
| 6 Month Average | -27.085 % | £-1,002,156 | £2,697,843 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Aug 2023 | £176,071 | £175,000 | FLAT 2 THE PRINT ROOM, 1 RUPERT STREET |
| 28 Jul 2023 | £120,136 | £119,000 | FLAT 5 CHANCERY HOUSE, 7 MILLSTONE LANE |
| 18 Jul 2023 | £191,814 | £190,000 | APARTMENT 10 17 NEWARKE STREET |
| 10 Mar 2023 | £165,897 | £165,000 | FLAT 3 PHOENIX HOUSE, 3 BERRIDGE STREET |
| 11 May 2022 | £812,071 | £800,000 | 17 FRIAR LANE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 22 Jan 2020. Using an estimated price of £4,494,720 means this house is valued at £52,879 per sq meter (£4,912 per sq foot).
The average size of a house on FRIAR LANE is 83 sq meters (895 sq feet).
This house is the largest in the street with a floor area of 85 sq meters (914 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Friar Lane |
| Apr 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Friar Lane |
| Apr 2024 | Public order | Under investigation | On or near Friar Lane |
| Apr 2024 | Burglary | Under investigation | On or near Friar Lane |
| Apr 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Friar Lane |