According to the public record, 3 Russet House, Leicester is a modern leasehold apartment with 419 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
The apartment is in Russet House, Orchard Street, Fleckney, Leicester, LE8.
Orchard Street, Fleckney, Leicester, LE8 is located in the borough of Harborough within the LE8 postal district.
3 Russet House, Leicester has a single entry in the Land Registry database from September 2011 and a single entry in the EPC database dated March 2023.
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 Russet House Leicester as £110,292 and the rental value as £663 per month giving an expected gross yield of 7.2%.
Over the last 12 months the sale value of 3 Russet House Leicester has increased by £1,129 (1.0%) and its rental value has increased by £24 per month (3.7%).
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 3 Russet House, Leicester is in very good condition we estimate a sale value of £115,806 and rental value of £696 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £102,571 and a rental value of £617 per month.
If you were able to purchase this property for the estimated value of £110,292, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £542 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 HM Land Registry, 3 Russet House, Leicester was last sold on 26 Sep 2011 for £70,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Sep 2011, the market for similar properties has risen 58.5%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 3 Russet House, Leicester within a radius of 840 metres over the last 2 years.
The most recent example is 5 Russet House, Orchard Street, Leicester, LE8 8DQ, a Leasehold flat which sold for £105,000 in Apr 2020.
Read more about house prices in LE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Orchard Street, Fleckney, Leicester, LE8 has a total of 56 addresses. According to our analysis of all the public data, 3 Russet House, Leicester is the 56th largest and the 56th most expensive property on the street.
When compared to the postcode district it is £212k less expensive than the average property in LE8.
3 Russet House, Leicester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Mar 2023.
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 3 Russet House, Leicester is South Wigston station which is 8.1 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 3 Russet House, Leicester, 44.3% of property is privately owned outright and 35.1% 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 Russet House, Leicester, 18.3% of residents are recorded as possessing school level qualifications and 35.5% 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 Russet House, Leicester, the average age was 43.8 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 3 Russet House, Leicester, 2.8% 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 Russet House, Leicester, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.