According to the public record, 14A, Melrose Street, Leicester is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,065 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Melrose Street, Leicester, LE4 is located within the LE4 postal district.
14A, Melrose Street, Leicester has a single entry in the Land Registry database from December 2015 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 14A Melrose Street Leicester as £243,878 and the rental value as £1,150 per month giving an expected gross yield of 5.7%.
Over the last 12 months the sale value of 14A Melrose Street Leicester has increased by £817 (0.3%) and its rental value has increased by £53 per month (4.6%).
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 14A, Melrose Street, Leicester is in very good condition we estimate a sale value of £256,072 and rental value of £1,208 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £226,807 and a rental value of £1,070 per month.
If you were able to purchase this property for the estimated value of £243,878, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,199 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, 14A, Melrose Street, Leicester was last sold on 23 Dec 2015 for £186,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Dec 2015, the market for similar properties has risen 59.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14A, Melrose Street, Leicester within a radius of 106m over the last 2 years.
The most recent example is 109, Doncaster Road, Leicester, LE4 6JN, a Freehold house which sold for £285,000 in Jun 2024.
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, 14A, Melrose Street, Leicester is the 31st largest and the 60th most expensive property on the street.
When compared to the postcode district it is £9k less expensive than the average property in LE4.
The closest station to 14A, 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 14A, 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 14A, 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 14A, 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 14A, 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 14A, 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.