According to the public record, 73, Stornaway Road, Leicester is a freehold house.
By comparing it to neighbours, we estimate that it is a mid-century house with 538 ft2 of internal area and a garden.
Houses of this size in this area normally have 2 bedrooms.
Stornaway Road, Leicester, LE5 is located within the LE5 postal district.
73, Stornaway Road, Leicester has 21 entries in the Land Registry database, most recently in June 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 73 Stornaway Road Leicester as £187,598 and the rental value as £853 per month giving an expected gross yield of 5.5%.
Over the last 12 months the sale value of 73 Stornaway Road Leicester has increased by £4,030 (2.1%) and its rental value has increased by £56 per month (6.5%).
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 73, Stornaway Road, Leicester is in very good condition we estimate a sale value of £196,978 and rental value of £896 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £174,466 and a rental value of £793 per month.
If you were able to purchase this property for the estimated value of £187,598, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £922 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, 73, Stornaway Road, Leicester was last sold on 09 Jun 2006 for £115,950 and was recorded as a freehold house.
The property has had 2 sales since 1995.
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 73, Stornaway Road, Leicester within a radius of 550 metres over the last 2 years.
The most recent example is 23, Wendys Close, Leicester, LE5 2HY, a Freehold house which sold for £169,000 in Dec 2022.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Stornaway Road, Leicester, LE5 has a total of 91 addresses. According to our analysis of all the public data, 73, Stornaway Road, Leicester is the 45th largest and the 38th most expensive property on the street.
When compared to the postcode district it is £87k less expensive than the average property in LE5.
The closest station to 73, Stornaway Road, Leicester is Leicester station which is 4.7 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 73, Stornaway Road, Leicester, 31.7% of property is privately owned with a mortgage and 29.8% is socially rented.
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 73, Stornaway Road, Leicester, 22.2% of residents are recorded as possessing school level qualifications and 26.0% 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 73, Stornaway Road, Leicester, the average age was 36.2 and the most common age was 7.
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 73, Stornaway 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 73, Stornaway Road, Leicester, there are an average of 1.1 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.