3, Gateway Lane
3, Gateway Lane
Description & Estimates
3, Gateway Lane, Leominster appears in the public record as a leasehold house sitting on a 372 m2 plot.
By comparing it to nearby properties, we estimate it to be an early-century house with 376 ft2 of internal area and a garden.
Locally, houses of this size normally have 2 bedrooms.
Our estimate of the sale value of 3, Gateway Lane, Leominster is £125,770 and its rental estimate is £589 per month, given the available information and assuming reasonable condition.
Gateway Lane, Leominster, HR6 falls within the HR6 postal district.
Our Data Sources
3, Gateway Lane, Leominster has a single entry in the Land Registry from May 2015 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
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 3, Gateway Lane, Leominster, we estimate a market value of £132,059 and a rental value of £618 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £116,966 and £548 per month respectively.
Recent Market Change
Over the last year, 3, Gateway Lane, Leominster has seen its estimated sale value decrease by £209 (0.2%) and its estimated rental value grow by £26 per month (4.4%). This results in an estimated gross rental yield of 5.6%.
Plot Size
HM Land Registry records the plot of land for 3, Gateway Lane, Leominster as measuring 372 m2.
That makes it the largest plot in the postcode, where 5 of the 7 other houses have recorded plot data.
Sold Prices
The most recent sale of 3, Gateway Lane, Leominster completed on 8th May 2015 at £54,000 and was recorded by HM Land Registry as a leasehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 83.1% over the period since May 2015.
- Sold May 2015£54,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Gateway Lane, Leominster have sold within a radius of 550 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th October 2022, was 25, Drapers Lane, Leominster, HR6 8ND, a freehold house which sold for £955,000.
Read more about house prices in HR6.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 9 addresses on Gateway Lane, Leominster, HR6, 3, Gateway Lane, Leominster comes out as the 9th largest and the 7th most expensive in our analysis of the public data.
It is also £181k less expensive than the average property across the HR6 district.
More reading links
Schools Nearby
- 400mLeominster Primary School
- 2.8kmIvington CofE Primary and Pre-School
- 3.8kmStoke Prior Primary School
- 200mEarl Mortimer College
- 11.6kmWeobley High School
- 12.9kmWigmore School
More reading links
Public Transport Nearby
From 3, Gateway Lane, Leominster, the nearest station is Leominster, 700 metres away.
- 700mLeominster
- 16.5kmLudlow
- 18.2kmHereford
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
