£502,683
This estimated value is based upon the latest sale price for the house of £407,500 on 6 Dec 2018. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £407,500 | 6 Dec 2018 |
| Detached |
| Freehold |
| Floor Area: 177 sq meters or 1,906 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 December 2018 the House Price Index for LEICESTER was 120.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.358%.Applying this 23.358% change to the original purchase price of £407,500 results in an estimated price of approximately £502,683.
| 6 Dec 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 148.6 | 23.358 % | £407,500 | £95,183 | £502,683 |
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 | 17.945 % | £73,126 | £480,626 |
| 3 Month Average | 19.883 % | £81,021 | £488,521 |
| 6 Month Average | 28.137 % | £114,657 | £522,157 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £634,392 | £625,000 | 1 SPRINGFIELD ROAD |
| 28 Apr 2023 | £884,524 | £875,000 | 5 SPRINGFIELD ROAD |
| 24 Feb 2023 | £142,904 | £143,000 | FLAT 1 46 SPRINGFIELD ROAD |
| 27 Jan 2023 | £342,387 | £344,000 | 89 AVENUE ROAD |
| 1 Jul 2022 | £135,866 | £135,500 | 58C CLARENDON PARK ROAD |
This house has a floor area of 177 sq meters or 1,906 sq feet when measured on 28 Jun 2011. Using an estimated price of £502,684 means this house is valued at £2,838 per sq meter (£263 per sq foot).
The average size of a house on SPRINGFIELD ROAD is 185 sq meters (1,995 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Investigation complete; no suspect identified | On or near Cross Road |
| Mar 2024 | Anti-social behaviour | On or near Cross Road | |
| Mar 2024 | Public order | Investigation complete; no suspect identified | On or near Cross Road |
| Mar 2024 | Possession of weapons | Under investigation | On or near Cross Road |
| Mar 2024 | Drugs | Under investigation | On or near Cross Road |