According to the public record, 5 Lodge Mews, Leicester is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a modern apartment with 523 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in Lodge Mews, Grange Lane, Thurnby, Leicester, LE7.
Grange Lane, Thurnby, Leicester, LE7 is located in the borough of Harborough within the LE7 postal district.
5 Lodge Mews, Leicester has a single entry in the Land Registry database from July 2006 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 5 Lodge Mews Leicester as £85,071 and the rental value as £557 per month giving an expected gross yield of 7.9%.
Over the last 12 months the sale value of 5 Lodge Mews Leicester has decreased by £82 (0.1%) and its rental value has increased by £22 per month (4.0%).
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 Lodge Mews, Leicester is in very good condition we estimate a sale value of £89,325 and rental value of £585 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £79,116 and a rental value of £518 per month.
If you were able to purchase this property for the estimated value of £85,071, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £418 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, 5 Lodge Mews, Leicester was last sold on 19 Jul 2006 for £131,500 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 5 Lodge Mews, Leicester within a radius of 830 metres over the last 2 years.
The most recent example is 18, Vale End, Leicester, LE7 9QL, a Leasehold flat which sold for £100,000 in Dec 2023.
Read more about house prices in LE7.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Grange Lane, Thurnby, Leicester, LE7 has a total of 38 addresses. According to our analysis of all the public data, 5 Lodge Mews, Leicester is the 37th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £272k less expensive than the average property in LE7.
The closest station to 5 Lodge Mews, Leicester is Leicester 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 Lodge Mews, Leicester, 64.9% of property is privately owned outright and 25.4% 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 Lodge Mews, Leicester, 10.2% of residents are recorded as possessing school level qualifications and 46.6% 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 Lodge Mews, Leicester, the average age was 42.8 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 5 Lodge Mews, Leicester, 2.6% 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 5 Lodge Mews, Leicester, there are an average of 1.6 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.