According to the public record, 581, Welford Road, Leicester is a period freehold house with 914 ft2 of internal area and sits on a 498 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.
581, Welford Road, Leicester has 21 entries in the Land Registry database, most recently in May 2020 and a single entry in the EPC database dated March 2020.
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 581 Welford Road Leicester as £290,619 and the rental value as £1,061 per month giving an expected gross yield of 4.4%.
Over the last 12 months the sale value of 581 Welford Road Leicester has increased by £4,593 (1.6%) and its rental value has increased by £39 per month (3.6%).
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 581, Welford Road, Leicester is in very good condition we estimate a sale value of £305,149 and rental value of £1,114 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £270,275 and a rental value of £987 per month.
If you were able to purchase this property for the estimated value of £290,619, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,428 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, 581, Welford Road, Leicester sits on a plot of 498m2.
We have plot size data on 20 out of 30 other houses in the postcode and 581, Welford Road, Leicester sits on the 10th largest plot.
According to HM Land Registry, 581, Welford Road, Leicester was last sold on 27 May 2020 for £230,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since May 2020, the market for similar properties has risen 18.6%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 581, Welford Road, Leicester within a radius of 600 metres over the last 2 years.
The most recent example is 593, Welford Road, Leicester, LE2 6FP, a Freehold house which sold for £345,000 in Sep 2022.
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, 581, Welford Road, Leicester is the 321st largest and the 230th most expensive property on the street.
When compared to the postcode district it is £14k more expensive than the average property in LE2.
581, Welford Road, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 14 Mar 2020.
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 581, Welford Road, Leicester is South Wigston station which is 2.6 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 581, Welford Road, Leicester, 47.1% of property is privately owned outright and 39.7% 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 581, Welford Road, Leicester, 21.8% of residents are recorded as possessing school level qualifications and 46.0% 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 581, Welford Road, Leicester, the average age was 35.3 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 581, Welford Road, 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 581, Welford Road, Leicester, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.