According to the public record, 2 Mere Farm Barns, Leicester is a modern freehold house with 3,121 ft2 of internal area and sits on a 1,126 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Stretton Lane, Houghton-On-The-Hill, Leicester, LE7 is located in the borough of Harborough within the LE7 postal district.
2 Mere Farm Barns, Leicester has 2 entries in the Land Registry database, most recently in September 2015 and a single entry in the EPC database dated April 2012.
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 2 Mere Farm Barns Leicester as £1,184,447 and the rental value as £3,291 per month giving an expected gross yield of 3.3%.
Over the last 12 months the sale value of 2 Mere Farm Barns Leicester has decreased by £358 (0.0%) and its rental value has increased by £116 per month (3.5%).
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 2 Mere Farm Barns, Leicester is in very good condition we estimate a sale value of £1,243,669 and rental value of £3,456 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £1,101,536 and a rental value of £3,061 per month.
If you were able to purchase this property for the estimated value of £1,184,447, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £5,821 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, 2 Mere Farm Barns, Leicester sits on a plot of 1126m2.
We have plot size data on 7 out of 8 other houses in the postcode and 2 Mere Farm Barns, Leicester sits on the 3rd largest plot.
According to HM Land Registry, 2 Mere Farm Barns, Leicester was last sold on 16 Sep 2015 for £725,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2015, the market for similar properties has risen 55.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2 Mere Farm Barns, Leicester within a radius of 3.0 kilometres over the last 2 years.
The most recent example is 101, Uppingham Road, Leicester, LE7 9HL, a Freehold house which sold for £1,300,000 in May 2023.
Read more about house prices in LE7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stretton Lane, Houghton-On-The-Hill, Leicester, LE7 has a total of 18 addresses. According to our analysis of all the public data, 2 Mere Farm Barns, Leicester is the 2nd largest and the most expensive property on the street.
When compared to the postcode district it is £827k more expensive than the average property in LE7.
2 Mere Farm Barns, Leicester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 01 Apr 2012.
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 2 Mere Farm Barns, Leicester is Leicester station which is 8.0 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 2 Mere Farm Barns, Leicester, 50.7% of property is privately owned outright and 31.6% 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 2 Mere Farm Barns, Leicester, 17.9% of residents are recorded as possessing school level qualifications and 55.6% 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 2 Mere Farm Barns, Leicester, the average age was 42.8 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 2 Mere Farm Barns, Leicester, 3.1% 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 2 Mere Farm Barns, 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.