According to the public record, 514, Welford Road, Leicester is a period freehold house with 904 ft2 of internal area and sits on a 330 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Welford Road, Leicester, LE2 is located within the LE2 postal district.
514, Welford Road, Leicester has 21 entries in the Land Registry database, most recently in September 2021 and a single entry in the EPC database dated November 2016.
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 514 Welford Road Leicester as £296,441 and the rental value as £1,061 per month giving an expected gross yield of 4.3%.
Over the last 12 months the sale value of 514 Welford Road Leicester has increased by £3,429 (1.2%) 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 514, Welford Road, Leicester is in very good condition we estimate a sale value of £311,263 and rental value of £1,114 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £275,690 and a rental value of £987 per month.
If you were able to purchase this property for the estimated value of £296,441, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,457 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, 514, Welford Road, Leicester sits on a plot of 330m2.
We have plot size data on 6 out of 13 other houses in the postcode and 514, Welford Road, Leicester sits on the 2nd largest plot.
According to HM Land Registry, 514, Welford Road, Leicester was last sold on 30 Sep 2021 for £280,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since Sep 2021, the market for similar properties has risen 7.5%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 514, Welford Road, Leicester within a radius of 600 metres over the last 2 years.
The most recent example is 548, Welford Road, Leicester, LE2 6EP, a Freehold house which sold for £240,500 in Dec 2021.
Read more about house prices in LE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Welford Road, Leicester, LE2 has a total of 547 addresses. According to our analysis of all the public data, 514, Welford Road, Leicester is the 327th largest and the 222nd most expensive property on the street.
When compared to the postcode district it is £20k more expensive than the average property in LE2.
514, Welford Road, Leicester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 02 Nov 2016.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 514, Welford Road, Leicester is South Wigston station which is 2.5 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 514, Welford Road, Leicester, 43.6% of property is privately owned outright and 36.4% 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 514, Welford Road, Leicester, 22.2% of residents are recorded as possessing school level qualifications and 41.8% 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 514, Welford Road, Leicester, the average age was 43 and the most common age was 52.
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 514, Welford 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 514, Welford Road, Leicester, there are an average of 1.3 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.