According to the public record, 16, Summerlea Road, Leicester is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 1,232 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Summerlea Road, Leicester, LE5 is located within the LE5 postal district.
16, Summerlea Road, Leicester has a single entry in the Land Registry database from May 2009 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 16 Summerlea Road Leicester as £370,082 and the rental value as £1,209 per month giving an expected gross yield of 3.9%.
Over the last 12 months the sale value of 16 Summerlea Road Leicester has decreased by £242 (0.1%) and its rental value has increased by £50 per month (4.2%).
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, Summerlea Road, Leicester is in very good condition we estimate a sale value of £388,586 and rental value of £1,269 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £344,176 and a rental value of £1,124 per month.
If you were able to purchase this property for the estimated value of £370,082, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,819 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, 16, Summerlea Road, Leicester was last sold on 08 May 2009 for £173,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2009, the market for similar properties has risen 106.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 16, Summerlea Road, Leicester within a radius of 670 metres over the last 2 years.
The most recent example is 108, Wintersdale Road, Leicester, LE5 2GL, a Freehold house which sold for £298,000 in Mar 2023.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Summerlea Road, Leicester, LE5 has a total of 26 addresses. According to our analysis of all the public data, 16, Summerlea Road, Leicester is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £95k more expensive than the average property in LE5.
The closest station to 16, Summerlea Road, Leicester is Leicester station which is 4.2 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, Summerlea Road, Leicester, 46.7% of property is privately owned outright and 42.5% 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 16, Summerlea Road, Leicester, 16.2% of residents are recorded as possessing school level qualifications and 32.6% 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, Summerlea Road, Leicester, the average age was 36.2 and the most common age was 7.
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, Summerlea Road, 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, Summerlea Road, Leicester, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.