3, Old Mill Close
3, Old Mill Close
Description & Estimates
3, Old Mill Close, Leicester is recorded publicly as a modern freehold house across 3,056 ft2 of internal area, sitting on a 883 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 3, Old Mill Close, Leicester is £955,234 and its rental estimate is £2,750 per month, given the available information and assuming reasonable condition.
Old Mill Close, Great Glen, Leicester, LE8 falls within the LE8 postal district, in the borough of Harborough.
Our Data Sources
3, Old Mill Close, Leicester has a single entry in the Land Registry from October 2020 and a single entry in the EPC database dated September 2020.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 1 out of 5 and is considered of low 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, Old Mill Close, Leicester, we estimate a market value of £1,002,996 and a rental value of £2,887 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £888,368 and £2,557 per month respectively.
Recent Market Change
Over the last year, 3, Old Mill Close, Leicester has seen its estimated sale value move down by £3,801 (0.4%) and its estimated rental value increase by £69 per month (2.5%). This results in an estimated gross rental yield of 3.5%.
Plot Size
HM Land Registry records the plot of land for 3, Old Mill Close, Leicester as measuring 883 m2.
That makes it the 4th largest plot in the postcode, where 5 of the 6 other houses have recorded plot data.
Energy Efficiency
3, Old Mill Close, Leicester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 17 Sep 2020.
The property is not connected to mains gas and has high performance glazing. It is heated using Boiler and underfloor heating, mains gas.
Sold Prices
The most recent sale of 3, Old Mill Close, Leicester completed on 16th October 2020 at £860,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 2.2% over the period since October 2020.
- Sold Oct 2020£860,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Old Mill Close, Leicester have sold within a radius of 1.9 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 24th May 2021, was 5, Old Mill Close, Leicester, LE8 9EZ, a freehold house which sold for £1,400,000.
Read more about house prices in LE8.
- Sold May 2021£1,400,000 | 5 Bed House5, Old Mill Close, Leicester, LE8 9EZ5, Old Mill Close, Leicester, LE8 9EZ
- Sold Oct 2020£835,000 | 5 Bed House4, Old Mill Close, Leicester, LE8 9EZ4, Old Mill Close, Leicester, LE8 9EZ
- Sold Oct 2020£925,000 | 5 Bed House2, Old Mill Close, Leicester, LE8 9EZ2, Old Mill Close, Leicester, LE8 9EZ
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 6 addresses on Old Mill Close, Great Glen, Leicester, LE8, 3, Old Mill Close, Leicester comes out as the 3rd largest and the 3rd most expensive in our analysis of the public data.
It is also £626k more expensive than the average property across the LE8 district.
More reading links
Schools Nearby
- 900mGreat Glen St Cuthbert's Church of England Primary School
- 3.1kmWoodland Grange Primary School
- 3.8kmBrocks Hill Primary School
- 3.6kmBeauchamp College
- 3.7kmGartree High School
- 4.2kmManor High School
More reading links
Public Transport Nearby
From 3, Old Mill Close, Leicester, the nearest station is South Wigston, 7.3 kilometres away.
- 7.3kmSouth Wigston
- 9.4kmLeicester
- 11.8kmNarborough
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
