According to the public record, 15, Mill Lane, Leicester is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,926 ft2 of internal area and a garden.
Houses of this size in this area normally have 5 bedrooms.
Mill Lane, Smeeton Westerby, Leicester, LE8 is located in the borough of Harborough within the LE8 postal district.
15, Mill Lane, Leicester has 31 entries in the Land Registry database, most recently in May 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 15 Mill Lane Leicester as £804,973 and the rental value as £2,372 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of 15 Mill Lane Leicester has increased by £305 (0.0%) and its rental value has increased by £64 per month (2.7%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 15, Mill Lane, Leicester is in very good condition we estimate a sale value of £845,222 and rental value of £2,491 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £748,625 and a rental value of £2,206 per month.
If you were able to purchase this property for the estimated value of £804,973, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,956 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 15, Mill Lane, Leicester was last sold on 05 May 2021 for £860,000 and was recorded as a freehold house.
The property has had 3 sales since 1995.
Since May 2021, the market for similar properties has risen 7.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 15, Mill Lane, Leicester within a radius of 1.2 kilometres over the last 2 years.
The most recent example is 5, Mill Lane, Leicester, LE8 0QL, a Freehold house which sold for £845,000 in Feb 2022.
Read more about house prices in LE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Smeeton Westerby, Leicester, LE8 has a total of 14 addresses. According to our analysis of all the public data, 15, Mill Lane, Leicester is the 9th largest and the 8th most expensive property on the street.
When compared to the postcode district it is £483k more expensive than the average property in LE8.
The closest station to 15, Mill Lane, Leicester is Market Harborough station which is 8.4 kilometres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 15, Mill Lane, Leicester, 60.5% of property is privately owned outright and 25.5% is privately owned with a mortgage.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 15, Mill Lane, Leicester, 10.1% of residents are recorded as possessing school level qualifications and 47.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 15, Mill Lane, Leicester, the average age was 42.4 and the most common age was 57.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 15, Mill Lane, Leicester, 2.4% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 15, Mill Lane, Leicester, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.