According to the public record, Apartment 8, 40, Wheatsheaf Way, Leicester is a modern leasehold apartment with 731 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms.
The apartment is in 40, Wheatsheaf Way, Leicester, LE2.
Wheatsheaf Way, Leicester, LE2 is located within the LE2 postal district.
Apartment 8, 40, Wheatsheaf Way, Leicester has 2 entries in the Land Registry database, most recently in August 2022 and a single entry in the EPC database dated August 2014.
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 Apartment 8 40 Wheatsheaf Way Leicester as £158,195 and the rental value as £820 per month giving an expected gross yield of 6.2%.
Over the last 12 months the sale value of Apartment 8 40 Wheatsheaf Way Leicester has increased by £989 (0.6%) and its rental value has increased by £22 per month (2.7%).
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 Apartment 8, 40, Wheatsheaf Way, Leicester is in very good condition we estimate a sale value of £166,105 and rental value of £861 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £147,121 and a rental value of £763 per month.
If you were able to purchase this property for the estimated value of £158,195, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £777 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, Apartment 8, 40, Wheatsheaf Way, Leicester was last sold on 03 Aug 2022 for £148,500 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Aug 2022, the market for similar properties has dropped 0.7%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Apartment 8, 40, Wheatsheaf Way, Leicester within a radius of 470 metres over the last 2 years.
The most recent example is Apartment 25, 21, Wheatsheaf Court, Leicester, LE2 6EY, a Leasehold flat which sold for £195,000 in Jan 2024.
Read more about house prices in LE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Wheatsheaf Way, Leicester, LE2 has a total of 61 addresses. According to our analysis of all the public data, Apartment 8, 40, Wheatsheaf Way, Leicester is the 49th largest and the 50th most expensive property on the street.
When compared to the postcode district it is £119k less expensive than the average property in LE2.
Apartment 8, 40, Wheatsheaf Way, Leicester has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 08 Aug 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using a community scheme.
The closest station to Apartment 8, 40, Wheatsheaf Way, Leicester is Leicester station which is 2.2 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 Apartment 8, 40, Wheatsheaf Way, Leicester, 40.3% of property is privately rented and 39.5% is privately owned with a mortgage.
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 Apartment 8, 40, Wheatsheaf Way, Leicester, 34.3% of residents are recorded as possessing school level qualifications and 45.8% 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 Apartment 8, 40, Wheatsheaf Way, Leicester, the average age was 35.3 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 Apartment 8, 40, Wheatsheaf Way, 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 Apartment 8, 40, Wheatsheaf Way, 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.