According to the public record, 6, New Way Road, Leicester is a freehold house.
By comparing it to neighbours, we estimate that it is a early-century house with 1,119 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
New Way Road, Leicester, LE5 is located within the LE5 postal district.
6, New Way Road, 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 6 New Way Road Leicester as £395,625 and the rental value as £1,128 per month giving an expected gross yield of 3.4%.
Over the last 12 months the sale value of 6 New Way Road Leicester has increased by £462 (0.1%) and its rental value has increased by £31 per month (2.7%).
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 6, New Way Road, Leicester is in very good condition we estimate a sale value of £415,406 and rental value of £1,184 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £367,931 and a rental value of £1,049 per month.
If you were able to purchase this property for the estimated value of £395,625, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,944 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, 6, New Way Road, Leicester was last sold on 07 Jul 2006 for £240,000 and was recorded as a freehold house.
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 6, New Way Road, Leicester within a radius of 500 metres over the last 2 years.
The most recent example is 20, Broadway Road, Leicester, LE5 5TA, a Freehold house which sold for £410,000 in Nov 2023.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
New Way Road, Leicester, LE5 has a total of 39 addresses. According to our analysis of all the public data, 6, New Way Road, Leicester is the 11th largest and the 17th most expensive property on the street.
When compared to the postcode district it is £121k more expensive than the average property in LE5.
The closest station to 6, New Way Road, Leicester is Leicester station which is 2.0 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 6, New Way Road, Leicester, 58.7% of property is privately owned outright and 27.1% 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 6, New Way Road, Leicester, 28.7% of residents are recorded as possessing school level qualifications and 36.4% 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 6, New Way Road, Leicester, the average age was 34.7 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 6, New Way Road, Leicester, 0.6% 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 6, New Way Road, 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.