14, Melrose Street
14, Melrose Street
Description & Estimates
According to the public record, 14, Melrose Street, Leicester is a freehold house.
By comparing it to neighbours, we estimate that it is a period house with 1,190 ft2 of internal area and a garden.
Houses of this size in this area normally have 4 bedrooms.
Based on available information, and assuming reasonable condition, the estimated sale value for 14, Melrose Street, Leicester is £254,846 and the estimated rental value is £1,243 per month.
Melrose Street, Leicester, LE4 is located within the LE4 postal district.
Our Data Sources
14, Melrose Street, Leicester has 2 entries in the Land Registry , most recently in March 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
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 14, Melrose Street, Leicester is in very good condition we estimate a sale value of £267,589 and a rental value of £1,306 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £237,007 and a rental value of £1,156 per month.
Recent Market Change
Over the past 12 months, the estimated sale value of 14, Melrose Street, Leicester has dropped by £4,481 (1.8%), while its estimated rental value has risen by £36 per month (2.9%). Based on current estimates, the property offers a gross rental yield of 5.9%.
Sold Prices
According to HM Land Registry, 14, Melrose Street, Leicester was last sold on 26th March 2021 for £290,000 and was recorded as a freehold house.
The property has had 2 sales since 1995.
Since March 2021, the market for similar properties has risen by 11.9%.
- Sold Mar 2021£290,000
- Sold Apr 2011£126,000
Similar Properties Sold Nearby
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 14, Melrose Street, Leicester within a radius of 360 metres over the last 2 years.
The most recent example is 1, Melrose Street, Leicester, LE4 6FD, a freehold house which sold for £277,000 on the 29th November 2024.
Read more about house prices in LE4.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Melrose Street, Leicester, LE4 has a total of 130 addresses. According to our analysis of all the public data, 14, Melrose Street, Leicester is the 14th largest and the 30th most expensive property on the street.
When compared to the postcode district it is £2k more expensive than the average property in LE4.
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Schools Nearby
- 400mCatherine Infant School
- 400mCatherine Junior School
- 500mSaint Patrick's Catholic Voluntary Academy
- 1.4kmSoar Valley College
- 1.5kmRushey Mead Academy
- 1.9kmMoat Community College
More reading links
Public Transport Nearby
The closest station to 14, Melrose Street, Leicester is Leicester station, which is 2.1 kilometres away.
- 2.1kmLeicester
- 5.5kmSyston
- 7.6kmSouth Wigston
Available Internet Speeds
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
