£229,424
This estimated value is based upon the latest sale price for the house of £218,000 on 11 Jan 2022. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £218,000 | 11 Jan 2022 |
| £195,000 | 8 Nov 2017 |
| £172,000 | 25 Jan 2013 |
| Terraced |
| Freehold |
| Floor Area: 88 sq meters or 947 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 2022 the House Price Index for LEICESTER was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £218,000 results in an estimated price of approximately £229,424.
| 11 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £218,000 | £11,424 | £229,424 |
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 | -16.773 % | £-36,565 | £181,434 |
| 3 Month Average | 2.081 % | £4,536 | £222,536 |
| 6 Month Average | 13.765 % | £30,007 | £248,007 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £260,862 | £257,000 | 23 WHEATSHEAF WAY |
| 10 Nov 2023 | £125,863 | £124,000 | APARTMENT 40 21 WHEATSHEAF COURT |
| 22 Mar 2023 | £198,874 | £197,000 | 127 WORDSWORTH ROAD |
| 31 Jan 2023 | £179,156 | £180,000 | 115 WORDSWORTH ROAD |
| 3 Aug 2022 | £148,101 | £148,500 | APARTMENT 8 40 WHEATSHEAF WAY |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 7 Dec 2012. Using an estimated price of £229,425 means this house is valued at £2,607 per sq meter (£242 per sq foot).
The average size of a house on WHEATSHEAF WAY is 85 sq meters (924 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Other theft | Investigation complete; no suspect identified | On or near Wheatsheaf Way |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wheatsheaf Way |
| Jan 2024 | Criminal damage and arson | Local resolution | On or near Wheatsheaf Way |
| Dec 2023 | Violence and sexual offences | Unable to prosecute suspect | On or near Wheatsheaf Way |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Wordsworth Road |