According to the public record, 246, Mere Road, Leicester is a period freehold house with 1,248 ft2 of internal area and sits on a 78.8 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Mere Road, Leicester, LE5 is located within the LE5 postal district.
246, Mere Road, Leicester has 41 entries in the Land Registry database, most recently in March 2008 and a single entry in the EPC database dated March 2016.
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 246 Mere Road Leicester as £252,903 and the rental value as £1,028 per month giving an expected gross yield of 4.9%.
Over the last 12 months the sale value of 246 Mere Road Leicester has increased by £2,982 (1.2%) and its rental value has increased by £46 per month (4.5%).
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 246, Mere Road, Leicester is in very good condition we estimate a sale value of £265,548 and rental value of £1,080 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £235,200 and a rental value of £956 per month.
If you were able to purchase this property for the estimated value of £252,903, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,243 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, 246, Mere Road, Leicester sits on a plot of 79m2.
We have plot size data on 15 out of 18 other houses in the postcode and 246, Mere Road, Leicester sits on the 6th largest plot.
According to HM Land Registry, 246, Mere Road, Leicester was last sold on 28 Mar 2008 for £143,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Mar 2008, the market for similar properties has risen 82.8%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 246, Mere Road, Leicester within a radius of 310 metres over the last 2 years.
The most recent example is 2, Normanton Road, Leicester, LE5 5JD, a Freehold house which sold for £271,000 in May 2023.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mere Road, Leicester, LE5 has a total of 334 addresses. According to our analysis of all the public data, 246, Mere Road, Leicester is the 101st largest and the 128th most expensive property on the street.
When compared to the postcode district it is £22k less expensive than the average property in LE5.
246, Mere Road, Leicester has an Energy Performance Rating (EPC) of F. This is based on the most recent assessment, dated 22 Mar 2016.
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 246, Mere Road, Leicester is Leicester station which is 1.2 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 246, Mere Road, Leicester, 38.2% of property is privately owned outright and 38.2% is privately rented.
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 246, Mere Road, Leicester, 27.5% of residents are recorded as possessing school level qualifications and 22.9% 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 246, Mere Road, Leicester, the average age was 33.2 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 246, Mere 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 246, Mere Road, Leicester, there are an average of 1.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.