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House Prices in LE1

The average house price in LE1 (Leicester) is £116,357 using HM Land Registry data.

The average property price increased by £25,138 (23.17%) over the last 5 years and increased by £5,025 (3.56%) over the last 12 months.

Over the last year, there were 57 residential property sales – a decrease of 13 transactions (-22.81%) relative to the previous year. The majority of house sales (18) were in the £110,000 - £140,000 range. Then came properties in the £80,000 - £110,000 range, where 13 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 96 days to sell (from being listed to completion) and the average difference between asking and sold prices is £0 (0%).

In June 2024, there were 22 new estate agency instructions, 11 agreed home sales and 12 property price reductions.

5-Year Average Property Prices in LE1 (Leicester)

23.17%

Property prices in Leicester increased by 23.17% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in LE1 (Leicester) Over the Last Year

3.56%

Property prices in Leicester increased by 3.56% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

Property Market Heat Gauge for LE1 (Leicester) - June 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 81 to 100 days, the broad evidence suggests a very slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a notable market slowdown or a combination of both. In such scenarios, vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date). Those committed to selling will often need to drop the price to a level that will entice genuine homebuyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in LE1 (Leicester)

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in LE1 (Leicester)

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in LE1 (Leicester)

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the LE1 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE1 postcode area since 1995.

Recent Sales in LE1 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
27 Kamloops Crescent, Leicester, LE1 2HX	£140,000	£90,000	-£50,000	11 Sep 2023	29 Feb 2024	171 Days
15 Christow Street, Leicester, LE1 2GJ	£140,000	£139,000	-£1,000	11 Sep 2023	29 Feb 2024	171 Days
279 Kashmir Road, Leicester, LE1 2NF	£200,000	£163,000	-£37,000	11 May 2023	20 Dec 2023	223 Days
Flat 4, Duke Street Mansions, Duke Street, Leicester, LE1 6WB	£110,000	£105,000	-£5,000	25 Jan 2011	30 May 2023	4508 Days
27 Woodboy Street, Leicester, LE1 3NJ	£250,000	£240,000	-£10,000	29 Jul 2022	07 Dec 2022	131 Days
4 Edmonton Road, Leicester, LE1 2FA	£120,000	£90,000	-£30,000	10 Sep 2021	23 Sep 2022	378 Days
93b, Princess Road East, Leicester, LE1 7DW	£310,000	£300,000	-£10,000	11 Jan 2022	10 Jun 2022	150 Days
93 Princess Road East, Leicester, LE1 7DW	£285,000	£285,000	£00	02 Jul 2021	10 Feb 2022	223 Days
95 Regent Road, Leicester, LE1 7AX	£250,000	£250,000	£00	05 Feb 2021	30 Sep 2021	237 Days
42 Lancaster Road, Leicester, LE1 6YU	£320,000	£285,000	-£35,000	01 Apr 2021	30 Jun 2021	90 Days
Flat 25, The Pick Building, Wellington Street, Leicester, LE1 6HB	£325,000	£315,000	-£10,000	02 Feb 2021	02 Jun 2021	120 Days
12 Newtown Street, Leicester, LE1 6WJ	£375,000	£350,000	-£25,000	13 Nov 2020	28 May 2021	196 Days
Flat 28, The Pick Building, Wellington Street, Leicester, LE1 6HB	£240,000	£230,000	-£10,000	25 Jul 2020	07 Dec 2020	135 Days
38 Everest Court, Leicester, LE1 2PN	£120,000	£95,000	-£25,000	30 Jan 2020	28 Aug 2020	211 Days
Flat 16, The Pick Building, Wellington Street, Leicester, LE1 6HB	£260,000	£260,000	£00	18 Feb 2020	08 Jul 2020	141 Days
69 King Street, Leicester, LE1 6RP	£355,000	£337,000	-£18,000	15 Jan 2020	01 Jul 2020	168 Days
Flat 53, Dover House, Dover Street, Leicester, LE1 6PN	£110,000	£110,000	£00	21 Jan 2020	27 May 2020	127 Days
Flat 25, The Pick Building, Wellington Street, Leicester, LE1 6HB	£310,000	£295,000	-£15,000	02 Aug 2019	09 Jan 2020	160 Days
Flat 20, The Pick Building, Wellington Street, Leicester, LE1 6HB	£250,000	£225,000	-£25,000	25 Jun 2019	07 Nov 2019	135 Days
Flat 39, The Pick Building, Wellington Street, Leicester, LE1 6HB	£229,950	£222,000	-£7,950	08 Aug 2018	01 Mar 2019	205 Days

Most Expensive Streets in LE1 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE1 6XL	West Street	Leicester	£356,833	3
LE1 7QR	Salisbury Road	Leicester	£338,333	3
LE1 7DW	Princess Road East	Leicester	£261,650	3
LE1 6HB	The Pick Building, Wellington Street, Leicester	Leicester	£219,256	15
LE1 1RG	Queen Street	Leicester	£202,000	4
LE1 7GB	De Montfort Street	Leicester	£197,250	4
LE1 4AN	Shires Lane	Leicester	£173,666	3
LE1 5SN	Newarke Street	Leicester	£173,333	3
LE1 3NJ	Woodboy Street	Leicester	£167,000	3
LE1 1LB	Rutland Street	Leicester	£163,333	9

Least Expensive Streets in LE1 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE1 3UN	Navigation Street	Leicester	£62,584	4
LE1 3UJ	Navigation Street	Leicester	£72,500	3
LE1 1RB	Rutland Street	Leicester	£73,700	5
LE1 6WB	Duke Street	Leicester	£82,562	8
LE1 3AJ	Lee Street	Leicester	£88,833	6
LE1 3AH	Lee Street	Leicester	£89,100	10
LE1 1ST	Morledge Street	Leicester	£98,083	12
LE1 6AT	Bowling Green Street	Leicester	£99,000	3
LE1 1QH	Colton Square	Leicester	£100,000	3
LE1 1UT	Yeoman Street	Leicester	£101,200	5