According to the public record, 8B, Elms Road, Leicester is a modern freehold house with 1,237 ft2 of internal area and sits on a 231 m2 plot.
Houses of this size in this area normally have 4 bedrooms with a garden.
Elms Road, Leicester, LE2 is located within the LE2 postal district.
8B, Elms Road, Leicester has 41 entries in the Land Registry database, most recently in April 2021 and a single entry in the EPC database dated March 2020.
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 8B Elms Road Leicester as £472,119 and the rental value as £1,263 per month giving an expected gross yield of 3.2%.
Over the last 12 months the sale value of 8B Elms Road Leicester has increased by £2,149 (0.5%) and its rental value has increased by £32 per month (2.5%).
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 8B, Elms Road, Leicester is in very good condition we estimate a sale value of £495,725 and rental value of £1,326 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £439,071 and a rental value of £1,175 per month.
If you were able to purchase this property for the estimated value of £472,119, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £2,320 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 data from HM Land Registry, 8B, Elms Road, Leicester sits on a plot of 231m2.
We have plot size data on 3 out of 3 other houses in the postcode and 8B, Elms Road, Leicester sits on the largest plot.
According to HM Land Registry, 8B, Elms Road, Leicester was last sold on 12 Apr 2021 for £425,000 and was recorded as a freehold house.
The property has had 4 sales since 1995.
Since Apr 2021, the market for similar properties has risen 9.0%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 8B, Elms Road, Leicester within a radius of 580 metres over the last 2 years.
The most recent example is 6, Elm Tree Court, Leicester, LE2 3NH, a Freehold house which sold for £515,000 in Sep 2022.
Read more about house prices in LE2.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Elms Road, Leicester, LE2 has a total of 85 addresses. According to our analysis of all the public data, 8B, Elms Road, Leicester is the 54th largest and the 42nd most expensive property on the street.
When compared to the postcode district it is £195k more expensive than the average property in LE2.
8B, Elms Road, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 13 Mar 2020.
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 8B, Elms Road, Leicester is Leicester station which is 2.5 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 8B, Elms Road, Leicester, 39.6% of property is privately owned outright and 35.6% 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 8B, Elms Road, Leicester, 18.9% of residents are recorded as possessing school level qualifications and 61.2% 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 8B, Elms Road, Leicester, the average age was 43 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 8B, Elms Road, Leicester, 1.1% 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 8B, Elms Road, Leicester, there are an average of 1.5 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.