According to the public record, 70, Melrose Street, Leicester is a period apartment with 722 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 70, Melrose Street, Leicester, LE4.
Melrose Street, Leicester, LE4 is located within the LE4 postal district.
70, Melrose Street, Leicester has no recent1 records in the Land Registry database and no records in the EPC database.
We combine this information with public data 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 70 Melrose Street Leicester as £121,145 and the rental value as £767 per month giving an expected gross yield of 7.6%.
Over the last 12 months the sale value of 70 Melrose Street Leicester has increased by £1,302 (1.1%) and its rental value has increased by £41 per month (5.4%).
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 70, Melrose Street, Leicester is in very good condition we estimate a sale value of £127,202 and rental value of £805 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £112,664 and a rental value of £713 per month.
If you were able to purchase this property for the estimated value of £121,145, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £595 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, 70, Melrose Street, Leicester was last sold on 30 Mar 1995 for £43,750 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 1 sale of a property similar to 70, Melrose Street, Leicester within a radius of 143m over the last 2 years.
The most recent example is 124, Catherine Street, Leicester, LE4 6EN, a Leasehold flat which sold for £115,000 in Feb 2021.
Read more about house prices in LE4.
Melrose Street, Leicester, LE4 has a total of 130 addresses. According to our analysis of all the public data, 70, Melrose Street, Leicester is the 120th largest and the 127th most expensive property on the street.
When compared to the postcode district it is £132k less expensive than the average property in LE4.
70, Melrose Street, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 28 Sep 2011.
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 70, Melrose Street, Leicester is Leicester station which is 2.1 km 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 70, Melrose Street, Leicester, 45.7% of property is privately rented and 28.6% is privately owned outright.
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 70, Melrose Street, Leicester, 20.3% of residents are recorded as possessing school level qualifications and 15.2% 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 70, Melrose Street, Leicester, the average age was 38.7 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 70, Melrose Street, 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 70, Melrose Street, Leicester, there are an average of 0.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.