This estimated value is based upon the latest sale price for the house of £495,000 on 15 Nov 2021. This value is then adjusted by the current Official House Price Index for LEICESTERSHIRE 1
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|£495,000||15 Nov 2021|
|£363,000||20 Aug 2014|
This model uses changes in the Official Land Registry House Price Index for LEICESTERSHIRE to estimate the market value.
When this house was purchased in November 2021 the House Price Index for LEICESTERSHIRE was 140.7.The House Price Index as of 1 May 2022 is 148.5 which is a change of 5.513%.
Applying this 5.513% change to the original purchase price of £495,000 results in an estimated price of approximately £522,290.
|15 Nov 2021||1 May 2022||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the LE7 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||75.363 %||£373,046||£868,046|
|3 Month Average||25.252 %||£124,997||£619,997|
|6 Month Average||-6.524 %||£-32,293||£462,706|
|Date||Current Estimated Value||Price Paid||Address|
|22 Apr 2022||£773,177||£765,000||62A MAIN STREET|
|25 Mar 2022||£375,461||£370,000||4 BENNETTS LANE|
|26 Nov 2021||£453,707||£430,000||96 MAIN STREET|
|15 Nov 2021||£522,290||£495,000||90 - 92 MAIN STREET|
|29 Sep 2021||£476,093||£450,000||LYNDENE COTTAGE, 48 MAIN STREET|
|Jun 2022||Vehicle crime||Under investigation||On or near Homestead Close|
|Mar 2022||Criminal damage and arson||Unable to prosecute suspect||On or near Main Street|
|Mar 2022||Violence and sexual offences||Unable to prosecute suspect||On or near Main Street|
|Apr 2022||Burglary||Investigation complete; no suspect identified||On or near Barnett Close|
|Apr 2022||Vehicle crime||Investigation complete; no suspect identified||On or near Back Lane|
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