£130,586
This estimated value is based upon the latest sale price for the house of £78,000 on 24 Jun 2010. This value is then adjusted by the current Official House Price Index for LEICESTER 1
There has been one burglary within the last year on or near Melrose Street
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| Price Paid | Date |
|---|---|
| £78,000 | 24 Jun 2010 |
| £65,000 | 15 Apr 2010 |
| Terraced |
| Freehold |
| Floor Area: 74 sq meters or 796 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 June 2010 the House Price Index for LEICESTER was 87.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.419%.Applying this 67.419% change to the original purchase price of £78,000 results in an estimated price of approximately £130,586.
| 24 Jun 2010 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 146.7 | 67.419 % | £78,000 | £52,586 | £130,586 |
The Postcode Pricing Model uses changes in average sales price within the LE4 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 | 68.048 % | £53,077 | £131,077 |
| 3 Month Average | 81.317 % | £63,427 | £141,427 |
| 6 Month Average | 91.883 % | £71,668 | £149,668 |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 16 Dec 2019.
The average size of a house on MELROSE STREET is 88 sq meters (950 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Melrose Street |
| Feb 2024 | Violence and sexual offences | Further action is not in the public interest | On or near Melrose Street |
| Feb 2024 | Burglary | Investigation complete; no suspect identified | On or near Melrose Street |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Melrose Street |
| Dec 2023 | Drugs | Investigation complete; no suspect identified | On or near Belper Street |