5, Old Mill Close
5, Old Mill Close
Description & Estimates
The public record lists 5, Old Mill Close, Leicester as a freehold house.
Comparison with its neighbours suggests a modern house with 2,960 ft2 of internal area and a garden.
In this area, houses of this size normally have 5 bedrooms.
5, Old Mill Close, Leicester has an estimated sale value of £938,173 and an estimated rental value of £2,701 per month, assuming reasonable condition and based on the information available.
Old Mill Close, Great Glen, Leicester, LE8 lies in the borough of Harborough, within the LE8 postal district.
Our Data Sources
5, Old Mill Close, Leicester has a single entry in the Land Registry from May 2021 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 1 out of 5 and is considered of low accuracy.
Price Range & Condition
In very good condition, we estimate 5, Old Mill Close, Leicester would be worth £985,081, with a potential rental value of £2,836 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £872,501, with a rental value of £2,512 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 5, Old Mill Close, Leicester has dropped by £3,733 (0.4%) over the last year. During the same period, its estimated monthly rental value has risen by £68 (2.5%). The property's estimated gross yield is currently 3.5%.
Sold Prices
5, Old Mill Close, Leicester last changed hands on 24th May 2021, selling for £1,400,000. The transaction was logged as a freehold house by HM Land Registry.
That is its only recorded sale since 1995.
The market for similar properties has dropped by 6.4% since May 2021.
- Sold May 2021£1,400,000
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 1.9 kilometres of 5, Old Mill Close, Leicester across the last 2 years.
Most recently, 3, Old Mill Close, Leicester, LE8 9EZ, a freehold house, sold at £860,000 on the 16th October 2020.
Read more about house prices in LE8.
•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 5, Old Mill Close, Leicester as the 5th largest and the 4th most expensive of the 6 addresses on Old Mill Close, Great Glen, Leicester, LE8.
Against the LE8 postcode district average, it is £609k more expensive than the typical property.
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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
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Public Transport Nearby
South Wigston station is the nearest stop to 5, Old Mill Close, Leicester at 7.3 kilometres away.
- 7.3kmSouth Wigston
- 9.4kmLeicester
- 11.8kmNarborough
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
