According to the public record, 224, Welford Road, Leicester is a period freehold house and with 1,227 ft2 of internal area and sits on a 148 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Welford Road, Leicester, LE2 is located within the LE2 postal district.
224, Welford Road, Leicester has a single entry in the Land Registry database from February 2024 and no records in the EPC database.
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 224 Welford Road Leicester as £273,573 and the rental value as £1,071 per month giving an expected gross yield of 4.7%.
Over the last 12 months the sale value of 224 Welford Road Leicester has increased by £2,779 (1.0%) and its rental value has increased by £33 per month (3.1%).
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 224, Welford Road, Leicester is in very good condition we estimate a sale value of £287,251 and rental value of £1,125 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £254,423 and a rental value of £996 per month.
If you were able to purchase this property for the estimated value of £273,573, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,345 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, 224, Welford Road, Leicester sits on a plot of 148m2.
We have plot size data on 24 out of 38 other houses in the postcode and 224, Welford Road, Leicester sits on the 17th largest plot.
According to HM Land Registry, 224, Welford Road, Leicester was last sold on 02 Feb 2024 for £265,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Feb 2024, the market for similar properties has dropped 0.4%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 224, Welford Road, Leicester within a radius of 119m over the last 2 years.
The most recent example is 35, Lytham Road, Leicester, LE2 1YD, a Freehold house which sold for £265,000 in Aug 2023.
Read more about house prices in LE2.
Welford Road, Leicester, LE2 has a total of 547 addresses. According to our analysis of all the public data, 224, Welford Road, Leicester is the 130th largest and the 251st most expensive property on the street.
When compared to the postcode district it is £3k less expensive than the average property in LE2.
224, Welford Road, Leicester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 23 Jan 2023.
The property is connected to mains gas and has mostly double glazing. It is heated using room heaters.
The closest station to 224, Welford Road, Leicester is Leicester station which is 1.8 km 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 224, Welford Road, Leicester, 61.3% of property is privately rented and 20.2% is privately owned outright.
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 224, Welford Road, Leicester, 57.8% of residents are recorded as possessing school level qualifications and 37.7% 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 224, Welford Road, Leicester, the average age was 37 and the most common age was 22.
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 224, Welford 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 224, Welford Road, Leicester, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.