124, Spencefield Lane
124, Spencefield Lane
Description & Estimates
124, Spencefield Lane, Leicester is recorded publicly as an early-century freehold house across 1,367 ft2 of internal area, sitting on a 396 m2 plot.
Locally, houses of this size normally have 4 bedrooms with a garden.
Our estimate of the sale value of 124, Spencefield Lane, Leicester is £460,965 and its rental estimate is £1,493 per month, given the available information and assuming reasonable condition.
Spencefield Lane, Leicester, LE5 falls within the LE5 postal district.
Our Data Sources
124, Spencefield Lane, Leicester has 21 entries in the Land Registry , most recently in May 2021 and a single entry in the EPC database dated June 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 124, Spencefield Lane, Leicester, we estimate a market value of £484,013 and a rental value of £1,568 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £428,697 and £1,389 per month respectively.
Recent Market Change
Over the last year, 124, Spencefield Lane, Leicester has seen its estimated sale value fall by £8,265 (1.8%) and its estimated rental value move up by £43 per month (2.9%). This results in an estimated gross rental yield of 3.9%.
Plot Size
HM Land Registry records the plot of land for 124, Spencefield Lane, Leicester as measuring 396 m2.
That makes it the 25th largest plot in the postcode, where 34 of the 38 other houses have recorded plot data.
Energy Efficiency
124, Spencefield Lane, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 23 Jun 2020.
The property is connected to mains gas and has mostly double glazing. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 124, Spencefield Lane, Leicester completed on 7th May 2021 at £439,995 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have dropped by 12.9% over the period since May 2021.
- Sold May 2021£439,995
- Sold Sep 1999£109,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 124, Spencefield Lane, Leicester have sold within a radius of 700 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 27th March 2025, was 155, Spencefield Lane, Leicester, LE5 6GG, a freehold house which sold for £495,000.
Read more about house prices in LE5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 169 addresses on Spencefield Lane, Leicester, LE5, 124, Spencefield Lane, Leicester comes out as the 111th largest and the 142nd most expensive in our analysis of the public data.
It is also £190k more expensive than the average property across the LE5 district.
More reading links
Schools Nearby
- 200mKrishna Avanti Primary School
- 400mWhitehall Primary School
- 1.2kmThurnby Mead Primary Academy
- 300mSt Paul's Catholic School, a Voluntary Academy
- 400mThe City of Leicester College
- 600mJudgemeadow Community College
More reading links
Public Transport Nearby
From 124, Spencefield Lane, Leicester, the nearest station is Leicester, 4.0 kilometres away.
- 4.0kmLeicester
- 6.8kmSouth Wigston
- 7.6kmSyston
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
