According to the public record, 58A, Mere Road, Leicester is a period apartment with 548 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in 58, Mere Road, Leicester, LE5.
Mere Road, Leicester, LE5 is located within the LE5 postal district.
58A, Mere Road, Leicester has no records in the Land Registry database and a single entry in the EPC database dated July 2018.
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 58A Mere Road Leicester as £97,662 and the rental value as £612 per month giving an expected gross yield of 7.5%.
Over the last 12 months the sale value of 58A Mere Road Leicester has decreased by £84 (0.1%) and its rental value has increased by £24 per month (3.8%).
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 58A, Mere Road, Leicester is in very good condition we estimate a sale value of £102,545 and rental value of £642 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £90,825 and a rental value of £569 per month.
If you were able to purchase this property for the estimated value of £97,662, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £480 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 the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 58A, Mere Road, Leicester within a radius of 330 metres over the last 2 years.
The most recent example is 3, Curlew Walk, Leicester, LE5 3FD, a Leasehold flat which sold for £100,000 in Jan 2022.
Read more about house prices in LE5.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Mere Road, Leicester, LE5 has a total of 334 addresses. According to our analysis of all the public data, 58A, Mere Road, Leicester is the 270th largest and the 274th most expensive property on the street.
When compared to the postcode district it is £177k less expensive than the average property in LE5.
58A, Mere Road, Leicester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 06 Jul 2018.
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 58A, Mere Road, Leicester is Leicester station which is 1.5 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 58A, Mere Road, Leicester, 43.1% of property is privately rented and 22.0% 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 58A, Mere Road, Leicester, 22.7% of residents are recorded as possessing school level qualifications and 14.8% 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 58A, Mere Road, Leicester, the average age was 33.9 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 58A, Mere Road, Leicester, 0.8% 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 58A, Mere Road, Leicester, there are an average of 0.9 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.