18A, Spencefield Lane
18A, Spencefield Lane
Description & Estimates
18A, Spencefield Lane, Leicester is recorded publicly as a modern freehold house across 3,326 ft2 of internal area.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 18A, Spencefield Lane, Leicester is £1,163,529 and its rental estimate is £3,840 per month, given the available information and assuming reasonable condition.
Spencefield Lane, Leicester, LE5 falls within the LE5 postal district.
Our Data Sources
18A, Spencefield Lane, Leicester has a single entry in the Land Registry from June 2021 and a single entry in the EPC database dated June 2024.
We combine this information with that of neighbouring properties to estimate the property 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 18A, Spencefield Lane, Leicester, we estimate a market value of £1,221,706 and a rental value of £4,032 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £1,082,082 and £3,572 per month respectively.
Recent Market Change
Over the last year, 18A, Spencefield Lane, Leicester has seen its estimated sale value drop by £17,211 (1.5%) and its estimated rental value rise by £124 per month (3.2%). This results in an estimated gross rental yield of 4.0%.
Energy Efficiency
18A, Spencefield Lane, Leicester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 24 Jun 2024.
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 18A, Spencefield Lane, Leicester completed on 29th June 2021 at £365,000 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 5.6% over the period since June 2021.
- Sold Jun 2021£365,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 18A, Spencefield Lane, Leicester have sold within a radius of 750 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th September 2020, was 483A, Uppingham Road, Leicester, LE5 6QB, a freehold house which sold for £490,000.
Read more about house prices in LE5.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 169 addresses on Spencefield Lane, Leicester, LE5, 18A, Spencefield Lane, Leicester comes out as the 7th largest and the 2nd most expensive in our analysis of the public data.
It is also £892k more expensive than the average property across the LE5 district.
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Schools Nearby
- 500mKrishna Avanti Primary School
- 700mWhitehall Primary School
- 700mThurnby Mead Primary Academy
- 400mSt Paul's Catholic School, a Voluntary Academy
- 600mThe City of Leicester College
- 1.0kmJudgemeadow Community College
More reading links
Public Transport Nearby
From 18A, Spencefield Lane, Leicester, the nearest station is Leicester, 4.2 kilometres away.
- 4.2kmLeicester
- 7.2kmSyston
- 7.2kmSouth Wigston
Available Internet Speeds
Broadband here reaches ultrafast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Ultrafast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
