Flat 1, 49
Flat 1, 49
Description & Estimates
Flat 1, 49, Melbourne Street, Leicester is described in the public record as a period apartment with 538 ft2 of internal area.
Locally, apartments of this size normally have 2 bedrooms.
Our estimate of the sale value of Flat 1, 49, Melbourne Street, Leicester is £120,074 and its rental estimate is £712 per month, given the available information and assuming reasonable condition.
49, Melbourne Street is a residential building on Melbourne Street, Leicester, LE2 and falls within the LE2 postal district.
Our Data Sources
Flat 1, 49, Melbourne Street, Leicester has no records in the the Land Registry and a single entry in the EPC database dated May 2016.
We combine this information with public data of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 Flat 1, 49, Melbourne Street, Leicester, we estimate a market value of £126,078 and a rental value of £748 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £111,669 and £662 per month respectively.
Recent Market Change
Over the last year, Flat 1, 49, Melbourne Street, Leicester has seen its estimated sale value decrease by £433 (0.4%) and its estimated rental value grow by £24 per month (3.3%). This results in an estimated gross rental yield of 7.1%.
Energy Efficiency
Flat 1, 49, Melbourne Street, Leicester has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 07 May 2016.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to Flat 1, 49, Melbourne Street, Leicester have sold within a radius of 290 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 28th June 2024, was Flat 2, 55, Melbourne Street, Leicester, LE2 0AS, a leasehold flat which sold for £120,000.
Read more about house prices in LE2.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Of the 65 addresses on Melbourne Street, Leicester, LE2, Flat 1, 49, Melbourne Street, Leicester comes out as the 56th largest and the 54th most expensive in our analysis of the public data.
It is also £159k less expensive than the average property across the LE2 district.
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Schools Nearby
- 200mCharnwood Primary School
- 400mShenton Primary School
- 400mHighfields Primary School
- 500mMoat Community College
- 1.3kmMadani Girls' School
- 1.3kmMadani Boys School
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Public Transport Nearby
From Flat 1, 49, Melbourne Street, Leicester, the nearest station is Leicester, 900 metres away.
- 900mLeicester
- 6.2kmSouth Wigston
- 6.8kmSyston
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.
