According to the public record, 16, Forest Rise, Leicester is a mid-century freehold house with 1,399 ft2 of internal area and sits on a 424 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Forest Rise, Oadby, Leicester, LE2 is located in the borough of Oadby and Wigston within the LE2 postal district.
16, Forest Rise, Leicester has a single entry in the Land Registry database from April 2015 and a single entry in the EPC database dated August 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 16 Forest Rise Leicester as £490,515 and the rental value as £1,248 per month giving an expected gross yield of 3.1%.
Over the last 12 months the sale value of 16 Forest Rise Leicester has increased by £2,018 (0.4%) and its rental value has increased by £34 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 16, Forest Rise, Leicester is in very good condition we estimate a sale value of £515,040 and rental value of £1,310 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £456,179 and a rental value of £1,161 per month.
If you were able to purchase this property for the estimated value of £490,515, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,411 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 data from HM Land Registry, 16, Forest Rise, Leicester sits on a plot of 424m2.
We have plot size data on 17 out of 33 other houses in the postcode and 16, Forest Rise, Leicester sits on the 11th largest plot.
According to HM Land Registry, 16, Forest Rise, Leicester was last sold on 24 Apr 2015 for £337,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Apr 2015, the market for similar properties has risen 54.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Forest Rise, Leicester within a radius of 800 metres over the last 2 years.
The most recent example is 34, Launde Road, Leicester, LE2 4HG, a Freehold house which sold for £420,000 in Dec 2023.
Read more about house prices in LE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Forest Rise, Oadby, Leicester, LE2 has a total of 33 addresses. According to our analysis of all the public data, 16, Forest Rise, Leicester is the 20th largest and the 20th most expensive property on the street.
When compared to the postcode district it is £214k more expensive than the average property in LE2.
16, Forest Rise, Leicester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 30 Aug 2023.
The property is connected to mains gas and has fully double glazed windows. It is heated using a boiler and radiators.
The closest station to 16, Forest Rise, Leicester is South Wigston station which is 5.1 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 16, Forest Rise, Leicester, 54.3% of property is privately owned outright and 38.6% 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 16, Forest Rise, Leicester, 20.4% of residents are recorded as possessing school level qualifications and 46.6% 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 16, Forest Rise, Leicester, the average age was 41 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 16, Forest Rise, Leicester, 0.0% 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 16, Forest Rise, 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.