According to the public record, 56, Colchester Road, Leicester is a mid-century freehold house with 785 ft2 of internal area and sits on a 219 m2 plot.
Houses of this size in this area normally have 3 bedrooms with a garden.
Colchester Road, Leicester, LE5 is located within the LE5 postal district.
56, Colchester Road, Leicester has a single entry in the Land Registry database from November 2022 and a single entry in the EPC database dated May 2022.
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 56 Colchester Road Leicester as £292,568 and the rental value as £1,065 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 56 Colchester Road Leicester has increased by £2,245 (0.8%) and its rental value has increased by £54 per month (5.1%).
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 56, Colchester Road, Leicester is in very good condition we estimate a sale value of £307,197 and rental value of £1,119 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £272,089 and a rental value of £991 per month.
If you were able to purchase this property for the estimated value of £292,568, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,438 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, 56, Colchester Road, Leicester sits on a plot of 219m2.
We have plot size data on 17 out of 33 other houses in the postcode and 56, Colchester Road, Leicester sits on the 12th largest plot.
According to HM Land Registry, 56, Colchester Road, Leicester was last sold on 11 Nov 2022 for £295,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Nov 2022, the market for similar properties has dropped 0.3%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 56, Colchester Road, Leicester within a radius of 590 metres over the last 2 years.
The most recent example is 33, Averil Road, Leicester, LE5 2DD, a Freehold house which sold for £212,000 in Apr 2024.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Colchester Road, Leicester, LE5 has a total of 144 addresses. According to our analysis of all the public data, 56, Colchester Road, Leicester is the 104th largest and the 81st most expensive property on the street.
When compared to the postcode district it is £18k more expensive than the average property in LE5.
56, Colchester Road, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 17 May 2022.
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 56, Colchester Road, Leicester is Leicester station which is 3.6 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 56, Colchester Road, Leicester, 40.0% of property is privately owned outright and 31.9% 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 56, Colchester Road, Leicester, 19.0% of residents are recorded as possessing school level qualifications and 28.0% 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 56, Colchester Road, Leicester, the average age was 37.8 and the most common age was 37.
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 56, Colchester 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 56, Colchester Road, Leicester, there are an average of 1.4 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.