£179,969
This estimated value is based upon the latest sale price for the house of £106,000 on 19 Oct 2012. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £106,000 | 19 Oct 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 October 2012 the House Price Index for LEICESTER was 87.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 69.783%.Applying this 69.783% change to the original purchase price of £106,000 results in an estimated price of approximately £179,969.
| 19 Oct 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.5 | 148.6 | 69.783 % | £106,000 | £73,969 | £179,969 |
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 | 53.078 % | £56,262 | £162,262 |
| 3 Month Average | 58.629 % | £62,146 | £168,146 |
| 6 Month Average | 75.207 % | £79,719 | £185,719 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Sep 2023 | £145,865 | £144,000 | FLAT 12 50 PAVILION CLOSE |
| 25 Nov 2022 | £133,384 | £135,000 | FLAT 12 25 PAVILION CLOSE |
| 18 Aug 2022 | £159,570 | £160,000 | FLAT 2 30 PAVILION CLOSE |
| 21 Jan 2022 | £157,861 | £150,000 | FLAT 23 50 PAVILION CLOSE |
| 30 Sep 2021 | £4,310,370 | £4,000,000 | POWERGEN RAW DYKES ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 1 Jun 2012. Using an estimated price of £179,970 means this house is valued at £2,902 per sq meter (£269 per sq foot).
The average size of a house on PAVILION CLOSE is 58 sq meters (625 sq feet).