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According to the public record, 2, Rainbow Lane, Leeds is a modern freehold house with 818 ft2 of internal area.
Houses of this size in this area normally have 3 bedrooms with a garden.
Based on available information, and assuming reasonable condition, the estimated sale value for 2, Rainbow Lane, Leeds is £244,156 and the estimated rental value is £1,252 per month.
Rainbow Lane, Leeds, LS15 is located in the borough of Leeds within the LS15 postal district.
2, Rainbow Lane, Leeds has a single entry in the Land Registry from October 2024 and a single entry in the EPC database dated September 2023.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 5 out of 5 and is considered of high accuracy.
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 2, Rainbow Lane, Leeds is in very good condition we estimate a sale value of £256,364 and a rental value of £1,315 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £227,065 and a rental value of £1,165 per month.
Over the last 12 months the sale value of 2 Rainbow Lane Leeds has decreased by an estimated £1,603 (0.7%) and its rental value has increased by an estimated £52 per month (4.2%), giving an expected gross yield of 6.2%.
2, Rainbow Lane, Leeds has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 06 Sep 2023.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and radiators, mains gas.
According to HM Land Registry, 2, Rainbow Lane, Leeds was last sold on 24th October 2024 for £241,995 and was recorded as a freehold house.
The property has only had this single sale since 1995.
Since October 2024, the market for similar properties has risen 64.1%
According to the Land Registry and our network of Estate Agents, there have been 3 sales of properties similar to 2, Rainbow Lane, Leeds within a radius of 510 metres over the last 2 years.
The most recent example is 3, Rainbow Lane, Leeds, LS15 0FF, a freehold house which sold for £226,495 on the 7th March 2024.
Read more about house prices in LS15.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Rainbow Lane, Leeds, LS15 has a total of 11 addresses. According to our analysis of all the public data, 2, Rainbow Lane, Leeds is the 6th largest and the 5th most expensive property on the street.
When compared to the postcode district it is £32k less expensive than the average property in LS15.
The closest station to 2, Rainbow Lane, Leeds is Cross Gates station which is 2.3 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 2, Rainbow Lane, Leeds, 75.4% of property is socially rented and 12.3% is privately owned with a mortgage.
The graph below shows how this compares to Yorkshire and The Humber 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 2, Rainbow Lane, Leeds, 25.7% of residents are recorded as possessing school level qualifications and 17.6% as possessing degree level qualifications.
The graph below shows how this compares to Yorkshire and The Humber and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 2, Rainbow Lane, Leeds, the average age was 34.1 and the most common age was 7.
The graph below shows how this compares to Yorkshire and The Humber 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 2, Rainbow Lane, Leeds, 0.0% of property was a second home.
Comparison figures for Yorkshire and The Humber 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 2, Rainbow Lane, Leeds, there are an average of 0.8 cars per household.
See below for how this compares to Yorkshire and The Humber and the rest of England & Wales.