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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
59, Spencefield Lane, Leicester is recorded publicly as an early-century freehold house across 1,926 ft2 of internal area, sitting on a 1,885 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 59, Spencefield Lane, Leicester is £929,287 and its rental estimate is £3,067 per month, given the available information and assuming reasonable condition.
Spencefield Lane, Leicester, LE5 falls within the LE5 postal district.
59, Spencefield Lane, Leicester has a single entry in the Land Registry from June 2013 and a single entry in the EPC database dated October 2012.
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.
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 59, Spencefield Lane, Leicester, we estimate a market value of £975,751 and a rental value of £3,221 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £864,237 and £2,852 per month respectively.
Over the last year, 59, Spencefield Lane, Leicester has seen its estimated sale value move down by £13,746 (1.5%) and its estimated rental value increase by £99 per month (3.2%). This results in an estimated gross rental yield of 4.0%.
HM Land Registry records the plot of land for 59, Spencefield Lane, Leicester as measuring 1,885 m2.
That makes it the 4th largest plot in the postcode, where all 25 other houses have recorded plot data.
59, Spencefield Lane, Leicester has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 17 Oct 2012.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
The most recent sale of 59, Spencefield Lane, Leicester completed on 18th June 2013 at £500,000 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 10.3% over the period since June 2013.
Over the past 2 years 3 properties similar to 59, Spencefield Lane, Leicester have sold within a radius of 690 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 1st September 2020, was 15, Spencefield Lane, Leicester, LE5 6PT, a freehold house which sold for £785,000.
Read more about house prices in LE5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
Of the 169 addresses on Spencefield Lane, Leicester, LE5, 59, Spencefield Lane, Leicester comes out as the 54th largest and the 22nd most expensive in our analysis of the public data.
It is also £658k more expensive than the average property across the LE5 district.
From 59, Spencefield Lane, Leicester, the nearest station is Leicester, 4.0 kilometres away.
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
The flood risk here is rated very low, based on Environment Agency data.
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The recent census recorded whether a resident owned or rented their home.
In the area around 59, Spencefield Lane, Leicester, 52.1% of property is privately owned outright and 34.7% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands 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 59, Spencefield Lane, Leicester, 25.6% of residents are recorded as possessing school level qualifications and 34.3% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around 59, Spencefield Lane, Leicester, the average age was 41.6 and the most common age was 12.
The graph below shows how this compares to East Midlands 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 59, Spencefield Lane, Leicester, 0.5% of property was a second home.
Comparison figures for East Midlands 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 59, Spencefield Lane, Leicester, there are an average of 1.7 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
