Apartment 2, Phoenix Square 11
Apartment 2, Phoenix Square 11
Description & Estimates
Apartment 2, Phoenix Square 11, Leicester is recorded publicly as a modern leasehold apartment across 484 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms with a balcony.
Our estimate of the sale value of Apartment 2, Phoenix Square 11, Leicester is £160,410 and its rental estimate is £938 per month, given the available information and assuming reasonable condition.
Phoenix Square, Morledge Street is a residential building on Morledge Street, Leicester, LE1 and falls within the LE1 postal district.
Our Data Sources
Apartment 2, Phoenix Square 11, Leicester has a single entry in the Land Registry from September 2023 and a single entry in the EPC database dated January 2022.
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 Apartment 2, Phoenix Square 11, Leicester, we estimate a market value of £168,431 and a rental value of £985 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £149,181 and £872 per month respectively.
Recent Market Change
Over the last year, Apartment 2, Phoenix Square 11, Leicester has seen its estimated sale value decline by £753 (0.5%) and its estimated rental value climb by £32 per month (3.4%). This results in an estimated gross rental yield of 7.0%.
Energy Efficiency
Apartment 2, Phoenix Square 11, Leicester has an Energy Performance Rating (EPC) of B. This is based on the most recent assessment, dated 07 Jan 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Community scheme.
Sold Prices
The most recent sale of Apartment 2, Phoenix Square 11, Leicester completed on 1st September 2023 at £80,000 and was recorded by HM Land Registry as a leasehold flat.
Since 1995 this is the property's only sale.
Values of comparable properties have dropped by 19.7% over the period since September 2023.
- Sold Sep 2023£80,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Apartment 2, Phoenix Square 11, Leicester have sold within a radius of 330 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 20th December 2018, was Apartment 32, Phoenix Square 9, Burton Street, Leicester, LE1 1TL, a leasehold flat which sold for £102,500.
Read more about house prices in LE1.
- Sold Dec 2018£102,500 | 2 Bed FlatPhoenix Square 9, Burton StreetApartment 32, Phoenix Square 9, Burton Street, Leicester, LE1 1TL
- Sold Apr 2017£157,000 | 2 Bed FlatPhoenix Square 9, Burton StreetApartment 37, Phoenix Square 9, Burton Street, Leicester, LE1 1TL
- Sold Sep 2014£88,000 | 2 Bed FlatPhoenix Square 9, Burton StreetApartment 38, Phoenix Square 9, Burton Street, Leicester, LE1 1TL
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 117 addresses on Morledge Street, Leicester, LE1, Apartment 2, Phoenix Square 11, Leicester comes out as the 93rd largest and the 25th most expensive in our analysis of the public data.
It is also £61k less expensive than the average property across the LE1 district.
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Schools Nearby
- 700mCharnwood Primary School
- 700mSparkenhoe Community Primary School
- 700mHighfields Primary School
- 500mMoat Community College
- 1.4kmCastle Mead Academy
- 1.9kmMadani Girls' School
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Public Transport Nearby
From Apartment 2, Phoenix Square 11, Leicester, the nearest station is Leicester, 500 metres away.
- 500mLeicester
- 6.0kmSouth Wigston
- 7.1kmSyston
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.
