According to the public record, Grimscote, Leicester is a mid-century freehold house with 1,786 ft2 of internal area.
Houses of this size in this area normally have 5 bedrooms with a garden.
Scotland Lane, Burton Overy, Leicester, LE8 is located in the borough of Harborough within the LE8 postal district.
Grimscote, Leicester has a single entry in the Land Registry database from March 2021 and a single entry in the EPC database dated June 2018.
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 Grimscote Leicester as £753,104 and the rental value as £2,219 per month giving an expected gross yield of 3.5%.
Over the last 12 months the sale value of Grimscote Leicester has increased by £1,596 (0.2%) and its rental value has increased by £62 per month (2.8%).
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 Grimscote, Leicester is in very good condition we estimate a sale value of £790,759 and rental value of £2,330 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £700,386 and a rental value of £2,064 per month.
If you were able to purchase this property for the estimated value of £753,104, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £3,701 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, Grimscote, Leicester was last sold on 03 Mar 2021 for £660,000 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since Mar 2021, the market for similar properties has risen 10.2%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to Grimscote, Leicester within a radius of 2.6 kilometres over the last 2 years.
The most recent example is Woodland Cottage, London Road, Leicester, LE8 9GF, a Freehold house which sold for £712,500 in Apr 2022.
Read more about house prices in LE8.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
Scotland Lane, Burton Overy, Leicester, LE8 has a total of 20 addresses. According to our analysis of all the public data, Grimscote, Leicester is the 12th largest and the 6th most expensive property on the street.
When compared to the postcode district it is £431k more expensive than the average property in LE8.
Grimscote, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 01 Jun 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 Grimscote, Leicester is South Wigston station which is 9.1 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 Grimscote, Leicester, 51.1% of property is privately owned outright and 27.1% 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 Grimscote, Leicester, 17.0% of residents are recorded as possessing school level qualifications and 43.3% 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 Grimscote, Leicester, the average age was 42.4 and the most common age was 57.
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 Grimscote, Leicester, 0.9% 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 Grimscote, Leicester, there are an average of 2.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.