Flat 1, 254 Mere Road, Leicester, LE5 5GP is a leasehold flat built between 1950-1966. The property offers approximately 646 square feet of living space. In this location, apartments of similar size usually have two bedrooms.

The estimated current market value of the property is £123,321 , which equates to approximately £191 per square foot. It was last sold on 19 Jan 2016 for £82,000. Since then, the value has increased by £41,321, representing a 50.4% increase, or approximately 5.1% per year.

The current estimated value of £123,321 is:

  • 45.6% lower than the average property price on Mere Road
  • 33.9% lower than the average in the LE5 5GP postcode area
  • and 58.2% lower than the average price for Leicester as a whole

At the most recent EPC inspection on 5 March 2022, the property was recorded as rented.

View sold house prices in LE5 5GP

Building approximate location

About Property

Type
Flat
Built
1950-1966
Interior Size
646 sq ft
Tenure
Leasehold
Price (estimate)
£123,321
Price Per sq ft (estimate)
£191
Bedroom Count (estimate)
2 bedrooms

EPC Summary

Flat 1, 254 Mere Road, Leicester, LE5 5GP has an Energy Performance Certificate (EPC) rating of C, based on the latest assessment carried out on 5 Mar 2022.

This property uses a gas-fired boiler and radiators, connected to the mains gas supply, as its main heating source. Hot water is provided from main heating system. The windows are fully double glazed.

The previous EPC assessment was conducted on 25 Feb 2009, when the property was rated B. The current rating of C reflects a decline in energy efficiency of 6.1%.

Since the previous assessment, several changes were observed:

  • The wall construction or insulation changed from solid brick, with internal insulation to solid brick, as built, no insulation (assumed), changing energy efficiency from very good to very poor.
  • The lighting was updated from no low energy lighting to low energy lighting in all fixed outlets, with efficiency improving from very poor to very good.
Heating Type
Boiler and radiators, mains gas
Good
Hot Water
From main system
Good
Walls
Solid brick, as built, no insulation (assumed)
Very Poor
Windows
Fully double glazed
Average
Lighting
Low energy lighting in all fixed outlets
Very Good

Compared to LE5 5GP

15 th / 17
Price Rank
34% lower than average
13 th / 14
Size Rank
28% smaller than average
9 th / 14
Price Per Sq FT Rank
8% lower than average

Compared to other properties in LE5 5GP , this flat's estimated value ranks 15th out of 17. Based on price per square foot, it ranks 9th out of 14 properties. In terms of size, this home ranks 13th out of 14 properties in its postcode area.

Sale History

Today
£123,321
streetscan.co.uk estimate
+50 %
19 Jan 2016
£82,000
Leasehold
+36.7 %
11 Sep 2014
£60,000
Leasehold

Area Insights

Similar Properties Sold Nearby

242 Mere Road, Leicester, LE5 5GP
rooms: 3
size: 614 sq ft
sale price: £115,000
sale date: 21 Dec 2007
Flat 4, 148 Mere Road, Leicester, LE5 5GN
rooms: 3
size: 592 sq ft
sale price: £62,250
sale date: 18 Feb 2019

Data Sources

The property at Flat 1, 254 Mere Road, Leicester, LE5 5GP appears two times in the Land Registry records, with the latest transaction recorded on 19 Jan 2016. It also has two Energy Performance Certificates (EPC) entries, the earliest dating back to 5 Mar 2022. We use this data, to estimate the property's characteristics and current market value.

This website uses public sector information from:

These datasets are licensed under the Open Government Licence v3.0.
This website is not affiliated with or endorsed by HM Land Registry or DLUHC.


Disclaimer: StreetScan.co.uk makes all reasonable efforts to ensure the information provided on this website is current and accurate; however, no warranties or representations are made as to its completeness or accuracy. StreetScan.co.uk expressly disclaims any and all liability for any loss, damage, or expense arising directly or indirectly from the use of, or reliance upon, such information.
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