According to the public record, 2, Mill Lane, Lutterworth is a period freehold house with 559 ft2 of internal area and sits on a 124 m2 plot.
Houses of this size in this area normally have 2 bedrooms with a garden.
Mill Lane, Shearsby, Lutterworth, LE17 is located in the borough of Harborough within the LE17 postal district.
2, Mill Lane, Lutterworth has 51 entries in the Land Registry database, most recently in August 2020 and a single entry in the EPC database dated November 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 Mill Lane Lutterworth as £253,549 and the rental value as £1,022 per month giving an expected gross yield of 4.8%.
Over the last 12 months the sale value of 2 Mill Lane Lutterworth has increased by £4,274 (1.7%) and its rental value has increased by £59 per month (5.7%).
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 2, Mill Lane, Lutterworth is in very good condition we estimate a sale value of £266,227 and rental value of £1,074 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,801 and a rental value of £951 per month.
If you were able to purchase this property for the estimated value of £253,549, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,246 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, Mill Lane, Lutterworth sits on a plot of 124m2.
We have plot size data on 6 out of 14 other houses in the postcode and 2, Mill Lane, Lutterworth sits on the 4th largest plot.
According to HM Land Registry, 2, Mill Lane, Lutterworth was last sold on 14 Aug 2020 for £190,000 and was recorded as a freehold house.
The property has had 5 sales since 1995.
Since Aug 2020, the market for similar properties has risen 16.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Mill Lane, Lutterworth within a radius of 3.7 kilometres over the last 2 years.
The most recent example is 110, Garner Way, Leicester, LE8 8EJ, a Freehold house which sold for £215,000 in Jun 2024.
Read more about house prices in LE17.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mill Lane, Shearsby, Lutterworth, LE17 has a total of 14 addresses. According to our analysis of all the public data, 2, Mill Lane, Lutterworth is the 14th largest and the 14th most expensive property on the street.
When compared to the postcode district it is £113k less expensive than the average property in LE17.
2, Mill Lane, Lutterworth has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 21 Nov 2012.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 2, Mill Lane, Lutterworth is South Wigston station which is 8.6 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, Mill Lane, Lutterworth, 57.0% of property is privately owned outright and 24.0% 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, Mill Lane, Lutterworth, 12.5% of residents are recorded as possessing school level qualifications and 40.3% 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, Mill Lane, Lutterworth, the average age was 45.2 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, Mill Lane, Lutterworth, 0.9% 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, Mill Lane, Lutterworth, 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.