According to the public record, 8, Richmond Road, Leicester is a period freehold house and with 678 ft2 of internal area.
Houses of this size in this area normally have 2 bedrooms with a garden.
Richmond Road, Leicester, LE2 is located within the LE2 postal district.
8, Richmond Road, Leicester has a single entry in the Land Registry database from May 2023 and no records in the EPC database.
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 8 Richmond Road Leicester as £162,069 and the rental value as £793 per month giving an expected gross yield of 5.9%.
Over the last 12 months the sale value of 8 Richmond Road Leicester has increased by £3,746 (2.3%) and its rental value has increased by £38 per month (4.7%).
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 8, Richmond Road, Leicester is in very good condition we estimate a sale value of £170,173 and rental value of £833 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £150,725 and a rental value of £738 per month.
If you were able to purchase this property for the estimated value of £162,069, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £797 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, 8, Richmond Road, Leicester was last sold on 11 May 2023 for £126,500 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since May 2023, the market for similar properties has risen 1.9%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8, Richmond Road, Leicester within a radius of 165m over the last 2 years.
The most recent example is 56, Lansdowne Road, Leicester, LE2 8AQ, a Freehold house which sold for £138,000 in May 2024.
Read more about house prices in LE2.
Richmond Road, Leicester, LE2 has a total of 72 addresses. According to our analysis of all the public data, 8, Richmond Road, Leicester is the 58th largest and the 61st most expensive property on the street.
When compared to the postcode district it is £115k less expensive than the average property in LE2.
8, Richmond Road, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 30 Dec 2014.
The property is connected to mains gas and has partial double glazing. It is heated using a boiler and radiators.
The closest station to 8, Richmond Road, Leicester is Leicester station which is 2.4 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 8, Richmond Road, Leicester, 39.2% of property is privately owned with a mortgage and 34.5% is privately 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 8, Richmond Road, Leicester, 19.7% of residents are recorded as possessing school level qualifications and 38.9% 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 8, Richmond Road, Leicester, the average age was 34.5 and the most common age was 32.
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 8, Richmond 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 8, Richmond 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.