Morledge Street, Leicester, LE1

Street Guide For Morledge Street, Leicester, LE1

 

Morledge Street, Leicester, LE1 Map

Estimated Price: £125,753
Average Asking Price: £337,275
Price change in last one year: £6,657
Average Price Paid: £109,245
Average Rent Rates: £2,779

 

Property Prices Breakdown in Morledge Street, Leicester, LE1

Average Price for property in Morledge Street, Leicester, LE1 is around £125,753 e.g. average price for a flat is around 125,753. Values have been changing and have risen £428 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £2,331 in last 6 months, £6,657 in last 1 year, £12,514 in last 2 years, £13,102 in last 3 years, £12,901 in last 4 years and £10,392 in last 5 years.

Currently average asking price of a property in Morledge Street, Leicester, LE1 is around £337,275 based on approximately 9 properties for sale. Same is the case with rental options based on 270 properties up for rent, average asking rent is around £2,779 per month.

Estimated property value in Morledge Street, Leicester, LE1 is £125,753. Average asking price is £337,275 while average price paid is £114,216 which is up by £6,657 and Avg. asking rent £2,779.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Morledge Street, Leicester, LE1 area. In last 1 year alone average price buyer paid is around £114,216 based on approximately 9 sales in Morledge Street, Leicester, LE1 area alone. If you compare it to last 3 years sales of 21 properties where buyers paid around £111,926. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £109,245 for 36 and average amount paid for purchase of approx. 39 properties sold in last 7 years comes to about £111,303 per sale.

 
 

Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 2 bedroom is around £301,238, £182,450 for a 3 bedroom house and £214,983 for a 4 bedroom house. For a flat similarly the prices varies from £85,358 for a single bedroom to £118,738 for a 2 bedroom Flat. To sum up the asking prices for properties in Morledge Street, Leicester, LE1 it comes to around average £85,358 for 1 bedroom property, £132,777 for 2 bedroom, £182,450 for 3 bedroom and £214,983 for 4 bedroom.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £708 for 1 bedroom to £813 for 3 bedroom, £1,300 for 4 bedroom and £878 for 5 bedroom. But if you are interested in renting a 1 bedroom flat then rent per month can be around £498. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £749, £1,029 for 3 bedroom, £1,509 for 4 bedroom and around £1,965 for 5 bedroom flat. You should be generally be expecting around average £519 rent per month for single bedroom property, £749 for 2 bedroom, £996 for 3 bedroom, £1,489 for 4 bedroom and approximately £1,482 for a 5 bedroom property in Morledge Street, Leicester, LE1 area.

Popular Houses in Morledge Street, Leicester, LE1

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

Areas in and around Morledge Street, Leicester, LE1