According to the public record, 47, New Way Road, Leicester is a mid-century freehold house with 1,011 ft2 of internal area and sits on a 480 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
New Way Road, Leicester, LE5 is located within the LE5 postal district.
47, New Way Road, Leicester has 2 entries in the Land Registry database, most recently in July 2021 and a single entry in the EPC database dated February 2021.
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 47 New Way Road Leicester as £382,979 and the rental value as £1,076 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 47 New Way Road Leicester has increased by £2,045 (0.5%) and its rental value has increased by £34 per month (3.2%).
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 47, New Way Road, Leicester is in very good condition we estimate a sale value of £402,128 and rental value of £1,130 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £356,170 and a rental value of £1,000 per month.
If you were able to purchase this property for the estimated value of £382,979, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,882 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, 47, New Way Road, Leicester sits on a plot of 480m2.
We have plot size data on 21 out of 39 other houses in the postcode and 47, New Way Road, Leicester sits on the 2nd largest plot.
According to HM Land Registry, 47, New Way Road, Leicester was last sold on 28 Jul 2021 for £330,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Jul 2021, the market for similar properties has risen 8.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 47, New Way Road, Leicester within a radius of 490 metres over the last 2 years.
The most recent example is 42, Laureston Drive, Leicester, LE2 2AQ, a Freehold house which sold for £307,000 in Jan 2024.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Way Road, Leicester, LE5 has a total of 39 addresses. According to our analysis of all the public data, 47, New Way Road, Leicester is the 19th largest and the 19th most expensive property on the street.
When compared to the postcode district it is £108k more expensive than the average property in LE5.
47, New Way Road, Leicester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 02 Feb 2021.
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 47, New Way Road, Leicester is Leicester station which is 2.0 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 47, New Way Road, Leicester, 58.7% of property is privately owned outright and 27.1% 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 47, New Way Road, Leicester, 28.7% of residents are recorded as possessing school level qualifications and 36.4% 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 47, New Way Road, Leicester, the average age was 34.7 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 47, New Way Road, Leicester, 0.6% 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 47, New Way Road, Leicester, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.