According to the public record, 2, Weir Lane, Leicester is a mid-century freehold house with 796 ft2 of internal area and sits on a 116 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Weir Lane, Houghton-On-The-Hill, Leicester, LE7 is located in the borough of Harborough within the LE7 postal district.
2, Weir Lane, Leicester has 41 entries in the Land Registry database, most recently in May 2021 and a single entry in the EPC database dated June 2018.
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 Weir Lane Leicester as £329,291 and the rental value as £1,263 per month giving an expected gross yield of 4.6%.
Over the last 12 months the sale value of 2 Weir Lane Leicester has increased by £3,732 (1.1%) and its rental value has increased by £60 per month (4.7%).
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, Weir Lane, Leicester is in very good condition we estimate a sale value of £345,756 and rental value of £1,327 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £306,241 and a rental value of £1,175 per month.
If you were able to purchase this property for the estimated value of £329,291, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,618 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, Weir Lane, Leicester sits on a plot of 116m2.
We have plot size data on 13 out of 18 other houses in the postcode and 2, Weir Lane, Leicester sits on the 11th largest plot.
According to HM Land Registry, 2, Weir Lane, Leicester was last sold on 25 May 2021 for £300,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since May 2021, the market for similar properties has risen 12.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Weir Lane, Leicester within a radius of 3.2 kilometres over the last 2 years.
The most recent example is 21, Main Street, Leicester, LE7 9GE, a Freehold house which sold for £192,500 in Oct 2022.
Read more about house prices in LE7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Weir Lane, Houghton-On-The-Hill, Leicester, LE7 has a total of 18 addresses. According to our analysis of all the public data, 2, Weir Lane, Leicester is the 12th largest and the 12th most expensive property on the street.
When compared to the postcode district it is £28k less expensive than the average property in LE7.
2, Weir Lane, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 Jun 2018.
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, Weir Lane, Leicester is Leicester station which is 8.7 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, Weir Lane, 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, Weir Lane, 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, Weir Lane, 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, Weir Lane, 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, Weir Lane, 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.