The Approach, Leicester, LE5

Street Guide For The Approach, Leicester, LE5

 

The Approach, Leicester, LE5 Map

Estimated Price: £175,399
Average Asking Price: £204,674
Price change in last one year: £10,150
Average Price Paid: £160,000
Average Rent Rates: £768

 

Property Prices Breakdown in The Approach, Leicester, LE5

Average Price for property in The Approach, Leicester, LE5 is around £175,399 e.g. average price for semi-detached is around 175,399. Values have been changing and have risen £671 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £3,392 in last 6 months, £10,150 in last 1 year, £16,260 in last 2 years, £18,099 in last 3 years, £18,228 in last 4 years and £15,656 in last 5 years.

Currently average asking price of a property in The Approach, Leicester, LE5 is around £204,674 based on approximately 0 properties for sale. Same is the case with rental options based on 93 properties up for rent, average asking rent is around £768 per month.

Estimated property value in The Approach, Leicester, LE5 is £175,399. Average asking price is £204,674 while average price paid is £160,000 which is up by £15,656 and Avg. asking rent £768.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 The Approach, Leicester, LE5 area. In last 5 years alone average price buyer paid is around £160,000 based on approximately 1 sales in The Approach, Leicester, LE5 area alone. If you compare it to last 7 years sales of 1 properties where buyers paid around £160,000.

 
 

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 1 bedroom is around £179,980, £134,697 for a 2 bedroom house, £188,592 for a 3 bedroom house, £254,304 for a 4 bedroom house and £310,902 for a 5 bedroom house. For a flat similarly the prices varies from £69,509 for a single bedroom to £112,123 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £179,950. To sum up the asking prices for properties in The Approach, Leicester, LE5 it comes to around average £89,236 for 1 bedroom property, £124,335 for 2 bedroom, £188,497 for 3 bedroom, £254,304 for 4 bedroom and £310,902 for a 5 bedroom property.

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 £442 for 1 bedroom to £550 for 2 bedrooms, £674 for 3 bedrooms, £902 for 4 bedrooms and £842 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £423. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £534, £702 for 3 bedroom and £576 for 4 bedroom. You should be generally be expecting around average £427 rent per month for single bedroom property, £540 for 2 bedroom, £675 for 3 bedroom, £878 for 4 bedroom and approximately £842 for a 5 bedroom property in The Approach, Leicester, LE5 area.

Popular Houses in The Approach, Leicester, LE5

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 The Approach, Leicester, LE5