According to the public record, 5, Gorse Lane, Leicester is a mid-century freehold house with 2,938 ft2 of internal area and sits on a 2,007 m2 plot.
Houses of this size in this area normally have 5 bedrooms with a garden.
Gorse Lane, Oadby, Leicester, LE2 is located in the borough of Oadby and Wigston within the LE2 postal district.
5, Gorse Lane, Leicester has 2 entries in the Land Registry database, most recently in May 2016 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 5 Gorse Lane Leicester as £605,498 and the rental value as £1,825 per month giving an expected gross yield of 3.6%.
Over the last 12 months the sale value of 5 Gorse Lane Leicester has increased by £3,255 (0.5%) and its rental value has increased by £45 per month (2.5%).
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 5, Gorse Lane, Leicester is in very good condition we estimate a sale value of £635,773 and rental value of £1,917 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £563,113 and a rental value of £1,697 per month.
If you were able to purchase this property for the estimated value of £605,498, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,976 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, 5, Gorse Lane, Leicester sits on a plot of 2007m2.
We have plot size data on 9 out of 22 other houses in the postcode and 5, Gorse Lane, Leicester sits on the largest plot.
According to HM Land Registry, 5, Gorse Lane, Leicester was last sold on 09 May 2016 for £695,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2016, the market for similar properties has risen 41.2%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 5, Gorse Lane, Leicester within a radius of 890 metres over the last 2 years.
The most recent example is 22, Elizabeth Drive, Leicester, LE2 4RD, a Freehold house which sold for £295,000 in May 2008.
Read more about house prices in LE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Gorse Lane, Oadby, Leicester, LE2 has a total of 52 addresses. According to our analysis of all the public data, 5, Gorse Lane, Leicester is the largest and the most expensive property on the street.
When compared to the postcode district it is £329k more expensive than the average property in LE2.
5, Gorse Lane, Leicester has an Energy Performance Rating (EPC) of A. This is based on the most recent assessment, dated 24 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 5, Gorse Lane, Leicester is South Wigston station which is 5.2 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 5, Gorse Lane, Leicester, 60.8% of property is privately owned outright and 31.5% 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 5, Gorse Lane, Leicester, 15.4% of residents are recorded as possessing school level qualifications and 42.4% 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 5, Gorse Lane, Leicester, the average age was 41 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 5, Gorse Lane, Leicester, 0.9% 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 5, Gorse Lane, 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.