According to the public record, 40, Richmond Road, Leicester is a modern leasehold apartment with 462 ft2 of internal area.
Apartments of this size in this area normally have 1 bedroom.
Richmond Road, Leicester, LE2 is located within the LE2 postal district.
40, Richmond Road, Leicester has a single entry in the Land Registry database from June 2016 and a single entry in the EPC database dated October 2018.
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 40 Richmond Road Leicester as £119,002 and the rental value as £657 per month giving an expected gross yield of 6.6%.
Over the last 12 months the sale value of 40 Richmond Road Leicester has increased by £469 (0.4%) and its rental value has increased by £18 per month (2.8%).
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 40, Richmond Road, Leicester is in very good condition we estimate a sale value of £124,952 and rental value of £690 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £110,672 and a rental value of £611 per month.
If you were able to purchase this property for the estimated value of £119,002, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £585 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, 40, Richmond Road, Leicester was last sold on 06 Jun 2016 for £90,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jun 2016, the market for similar properties has risen 32.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 40, Richmond Road, Leicester within a radius of 420 metres over the last 2 years.
The most recent example is Flat 1, 95B, Lansdowne Road, Leicester, LE2 8AT, a Leasehold flat which sold for £123,000 in Jan 2023.
Read more about house prices in LE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Richmond Road, Leicester, LE2 has a total of 72 addresses. According to our analysis of all the public data, 40, Richmond Road, Leicester is the 68th largest and the 67th most expensive property on the street.
When compared to the postcode district it is £158k less expensive than the average property in LE2.
40, Richmond Road, Leicester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 19 Oct 2018.
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 40, Richmond Road, Leicester is Leicester station which is 2.4 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 40, Richmond Road, Leicester, 39.2% of property is privately owned with a mortgage and 34.5% 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 40, Richmond Road, Leicester, 19.7% of residents are recorded as possessing school level qualifications and 38.9% 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 40, Richmond Road, Leicester, the average age was 34.5 and the most common age was 32.
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 40, Richmond 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 40, Richmond Road, Leicester, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.