38, Melrose Street
38, Melrose Street
Description & Estimates
38, Melrose Street, Leicester appears in the public record as a freehold house sitting on a 104 m2 plot.
By comparing it to nearby properties, we estimate it to be a period house with 835 ft2 of internal area and a garden.
Locally, houses of this size normally have 3 bedrooms.
Our estimate of the sale value of 38, Melrose Street, Leicester is £211,492 and its rental estimate is £1,095 per month, given the available information and assuming reasonable condition.
Melrose Street, Leicester, LE4 falls within the LE4 postal district.
Our Data Sources
38, Melrose Street, Leicester has a single entry in the Land Registry from May 2011 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 38, Melrose Street, Leicester, we estimate a market value of £222,066 and a rental value of £1,150 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £196,687 and £1,018 per month respectively.
Recent Market Change
Over the last year, 38, Melrose Street, Leicester has seen its estimated sale value move down by £3,532 (1.7%) and its estimated rental value increase by £32 per month (2.9%). This results in an estimated gross rental yield of 6.2%.
Plot Size
HM Land Registry records the plot of land for 38, Melrose Street, Leicester as measuring 104 m2.
That makes it the 16th largest plot in the postcode, where 27 of the 29 other houses have recorded plot data.
Sold Prices
The most recent sale of 38, Melrose Street, Leicester completed on 3rd May 2011 at £120,000 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 risen by 89.9% over the period since May 2011.
- Sold May 2011£120,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 38, Melrose Street, Leicester have sold within a radius of 380 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 9th April 2026, was 69, Melrose Street, Leicester, LE4 6FD, a freehold house which sold for £250,000.
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
Of the 130 addresses on Melrose Street, Leicester, LE4, 38, Melrose Street, Leicester comes out as the 95th largest and the 117th most expensive in our analysis of the public data.
It is also £41k less expensive than the average property across the LE4 district.
More reading links
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
From 38, Melrose Street, Leicester, the nearest station is Leicester, 2.1 kilometres away.
- 2.1kmLeicester
- 5.5kmSyston
- 7.6kmSouth Wigston
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.
