£235,355
This estimated value is based upon the latest sale price for the house of £187,000 on 25 Jul 2017. This value is then adjusted by the current Official House Price Index for LEICESTER 1
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| Price Paid | Date |
|---|---|
| £187,000 | 25 Jul 2017 |
| Terraced |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 July 2017 the House Price Index for LEICESTER was 116.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 25.859%.Applying this 25.859% change to the original purchase price of £187,000 results in an estimated price of approximately £235,355.
| 25 Jul 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 146.7 | 25.859 % | £187,000 | £48,355 | £235,355 |
The Postcode Pricing Model uses changes in average sales price within the LE3 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 | -29.543 % | £-55,245 | £131,754 |
| 3 Month Average | 11.890 % | £22,234 | £209,234 |
| 6 Month Average | 24.785 % | £46,347 | £233,347 |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 21 Apr 2017.
The average size of a house on SOMERVILLE ROAD is 121 sq meters (1,304 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dumbleton Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dumbleton Avenue |
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Meredith Road |
| Mar 2024 | Drugs | Under investigation | On or near Somerville Road |
| Dec 2023 | Criminal damage and arson | Unable to prosecute suspect | On or near Somerville Road |