£500,898
This estimated value is based upon the latest sale price for the house of £450,000 on 30 Mar 2021. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £450,000 | 30 Mar 2021 |
| £205,000 | 27 Oct 2000 |
| Detached |
| Freehold |
| Floor Area: 200 sq meters or 2,152 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 March 2021 the House Price Index for LEICESTER was 133.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.311%.Applying this 11.311% change to the original purchase price of £450,000 results in an estimated price of approximately £500,898.
| 30 Mar 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 148.6 | 11.311 % | £450,000 | £50,898 | £500,898 |
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 | -8.644 % | £-38,897 | £411,102 |
| 3 Month Average | 7.457 % | £33,554 | £483,554 |
| 6 Month Average | 20.700 % | £93,147 | £543,147 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Mar 2024 | £235,000 | £235,000 | 18 HENDON GRANGE, 420 LONDON ROAD |
| 19 Dec 2023 | £132,315 | £130,000 | 21 HENDON GRANGE, 420 LONDON ROAD |
| 8 Dec 2023 | £94,656 | £93,000 | 46 HENDON GRANGE, 420 LONDON ROAD |
| 29 Sep 2023 | £248,173 | £245,000 | 448 LONDON ROAD |
| 21 Sep 2023 | £714,131 | £705,000 | FLAT 1 2 MORLAND AVENUE |
This house has a floor area of 200 sq meters or 2,152 sq feet when measured on 18 Apr 2019. Using an estimated price of £500,899 means this house is valued at £2,504 per sq meter (£232 per sq foot).
The average size of a house on MORLAND AVENUE is 178 sq meters (1,921 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Morland Avenue |
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Morland Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Morland Avenue |
| Jan 2024 | Violence and sexual offences | Action to be taken by another organisation | On or near Morland Avenue |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grenfell Road |