According to the public record, 3, Iris Close, Leicester is a modern freehold house with 936 ft2 of internal area and sits on a 262 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Iris Close, Leicester, LE5 is located within the LE5 postal district.
3, Iris Close, Leicester has a single entry in the Land Registry database from October 2016 and a single entry in the EPC database dated May 2017.
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 3 Iris Close Leicester as £287,940 and the rental value as £1,088 per month giving an expected gross yield of 4.5%.
Over the last 12 months the sale value of 3 Iris Close Leicester has increased by £3,827 (1.3%) and its rental value has increased by £61 per month (5.6%).
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 3, Iris Close, Leicester is in very good condition we estimate a sale value of £302,337 and rental value of £1,142 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £267,784 and a rental value of £1,012 per month.
If you were able to purchase this property for the estimated value of £287,940, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,415 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, 3, Iris Close, Leicester sits on a plot of 262m2.
We have plot size data on 6 out of 6 other houses in the postcode and 3, Iris Close, Leicester sits on the largest plot.
According to HM Land Registry, 3, Iris Close, Leicester was last sold on 28 Oct 2016 for £194,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Oct 2016, the market for similar properties has risen 58.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 3, Iris Close, Leicester within a radius of 510 metres over the last 2 years.
The most recent example is 3, Dahlia Road, Leicester, LE5 0PY, a Freehold house which sold for £285,000 in Sep 2022.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Iris Close, Leicester, LE5 has a total of 12 addresses. According to our analysis of all the public data, 3, Iris Close, Leicester is the 9th largest and the 9th most expensive property on the street.
When compared to the postcode district it is £13k more expensive than the average property in LE5.
3, Iris Close, Leicester has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 11 May 2017.
The property is not connected to mains gas and has high performance glazing. It is heated using a boiler and radiators.
The closest station to 3, Iris Close, Leicester is Leicester station which is 2.8 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 3, Iris Close, Leicester, 51.2% of property is privately rented and 18.9% 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 3, Iris Close, Leicester, 31.7% of residents are recorded as possessing school level qualifications and 14.4% 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 3, Iris Close, Leicester, the average age was 32.7 and the most common age was 17.
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 3, Iris Close, 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 3, Iris Close, Leicester, there are an average of 0.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.