According to the public record, 21, Spencefield Lane, Leicester is a modern freehold house with 1,668 ft2 of internal area and sits on a 1,635 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Spencefield Lane, Leicester, LE5 is located within the LE5 postal district.
21, Spencefield Lane, Leicester has 21 entries in the Land Registry database, most recently in June 2018 and a single entry in the EPC database dated January 2014.
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 21 Spencefield Lane Leicester as £913,931 and the rental value as £2,316 per month giving an expected gross yield of 3%.
Over the last 12 months the sale value of 21 Spencefield Lane Leicester has decreased by £4,965 (0.5%) and its rental value has increased by £83 per month (3.6%).
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 21, Spencefield Lane, Leicester is in very good condition we estimate a sale value of £959,628 and rental value of £2,431 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £849,956 and a rental value of £2,153 per month.
If you were able to purchase this property for the estimated value of £913,931, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £4,492 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, 21, Spencefield Lane, Leicester sits on a plot of 1635m2.
We have plot size data on 11 out of 16 other houses in the postcode and 21, Spencefield Lane, Leicester sits on the 2nd largest plot.
According to HM Land Registry, 21, Spencefield Lane, Leicester was last sold on 01 Jun 2018 for £615,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jun 2018, the market for similar properties has risen 31.4%
According to the Land Registry and our network of Estate Agents, there have been 2 sales of properties similar to 21, Spencefield Lane, Leicester within a radius of 700 metres over the last 2 years.
The most recent example is 15, Spencefield Lane, Leicester, LE5 6PT, a Freehold house which sold for £785,000 in Sep 2020.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Spencefield Lane, Leicester, LE5 has a total of 169 addresses. According to our analysis of all the public data, 21, Spencefield Lane, Leicester is the 96th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £639k more expensive than the average property in LE5.
21, Spencefield Lane, Leicester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 09 Jan 2014.
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 21, Spencefield Lane, Leicester is Leicester station which is 4.1 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 21, Spencefield Lane, Leicester, 62.3% of property is privately owned outright and 25.4% 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 21, Spencefield Lane, Leicester, 16.9% of residents are recorded as possessing school level qualifications and 33.0% 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 21, Spencefield Lane, Leicester, the average age was 41.6 and the most common age was 12.
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 21, Spencefield Lane, 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 21, Spencefield Lane, 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.