16, Melrose Street
16, Melrose Street
Description & Estimates
The public record describes 16, Melrose Street, Leicester as a period house with 1,313 ft2 of internal area, sitting on a 174 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
16, Melrose Street, Leicester has an estimated sale value of £267,657 and an estimated rental value of £1,270 per month, assuming reasonable condition and based on the information available.
Melrose Street, Leicester, LE4 lies within the LE4 postal district.
Our Data Sources
16, Melrose Street, Leicester has no records in the the Land Registry and a single entry in the EPC database dated February 2014.
We combine this information with public data 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
In very good condition, we estimate 16, Melrose Street, Leicester would be worth £281,040, with a potential rental value of £1,333 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £248,921, with a rental value of £1,181 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 16, Melrose Street, Leicester has decreased by £4,706 (1.8%) over the last year. During the same period, its estimated monthly rental value has grown by £37 (2.9%). The property's estimated gross yield is currently 5.7%.
Plot Size
16, Melrose Street, Leicester occupies a 174 m2 plot as recorded by HM Land Registry.
Of the 29 other houses in this postcode, 27 have recorded plot sizes, and this one ranks as the 2nd largest.
Energy Efficiency
16, Melrose Street, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 12 Feb 2014.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 370 metres of 16, Melrose Street, Leicester across the last 2 years.
Most recently, 28, Melrose Street, Leicester, LE4 6FA, a freehold house, sold at £250,000 on the 25th February 2022.
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
Our analysis of the public data ranks 16, Melrose Street, Leicester as the 5th largest and the 14th most expensive of the 130 addresses on Melrose Street, Leicester, LE4.
Against the LE4 postcode district average, it is £15k more expensive than the typical property.
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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
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Public Transport Nearby
Leicester station is the nearest stop to 16, Melrose Street, Leicester at 2.1 kilometres away.
- 2.1kmLeicester
- 5.5kmSyston
- 7.6kmSouth Wigston
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
