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House Prices in LE2 House Prices in LE2 (Leicester)

The average house price in LE2 (Leicester) is £283,428 using HM Land Registry data.

The average property price increased by £78,522 (59.48%) over the last 5 years and increased by £15,698 (7.32%) over the last 12 months.

Over the last year, there were 794 residential property sales – a decrease of 308 transactions (-38.79%) relative to the previous year. The majority of house sales (207) were in the £216,000 - £282,000 range. Then came properties in the £150,000 - £216,000 range, where 198 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,970 (-2%).

In June 2024, there were 220 new estate agency instructions, 126 agreed home sales and 113 property price reductions.

Nearby Postcodes: CV11, CV12, CV13, CV23, CV7, DE73, DE74, LE1, LE10, LE11, LE12, LE13, LE14, LE15, LE16, LE17, LE18, LE19, LE21, LE3, LE4, LE5, LE55, LE6, LE65, LE67, LE7, LE8, LE87, LE9, NG11, NG12, NG13, NG32, NG33, NN14, NN17, NN18, NN6, PE9

5-Year Average Property Prices in LE2 (Leicester)

59.48%

Property prices in Leicester increased by 59.48% 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 LE2 (Leicester) Over the Last Year

7.32%

Property prices in Leicester increased by 7.32% 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.

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).

Property Market Heat Gauge for LE2 (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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in relisting the property at a later date).Others simply reduce the price to a level that will entice more buyer 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 LE2 (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 LE2 (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 LE2 (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 LE2 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE2 postcode area since 1995.

Recent Sales in LE2 (Leicester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
95 Montague Road, Leicester, LE2 1TJ£230,000£228,000-£2,00007 Mar 202423 May 202477 Days
10 Honeywell Close, Oadby, Leicester, Leicestershire, LE2 5QP£175,000£173,000-£2,00026 Dec 202317 May 2024143 Days
4 Banks Road, Leicester, LE2 8HA£250,000£250,000£0010 Jan 202417 May 2024128 Days
15 Herschell Street, Leicester, LE2 1LE£260,000£235,664-£24,33611 Jul 202209 May 2024668 Days
49 Overdale Road, Leicester, LE2 3YJ£285,000£276,000-£9,00007 Dec 202308 May 2024153 Days
217 Wigston Road, Oadby, Leicester, Leicestershire, LE2 5JF£500,000£480,000-£20,00024 Nov 202303 May 2024161 Days
14 Ellis Fields, Oadby, Leicester, Leicestershire, LE2 4UY£475,000£450,000-£25,00010 Jan 202403 May 2024114 Days
43 Caversham Road, Leicester, LE2 9LQ£180,000£177,000-£3,00011 Nov 202302 May 2024173 Days
16 Bradshaw Avenue, Glen Parva, Leicester, Leicestershire, LE2 9PD£275,000£255,000-£20,00009 Nov 202330 Apr 2024173 Days
102 South Knighton Road, Leicester, LE2 3LP£335,000£315,000-£20,00021 Feb 201829 Apr 20242259 Days
195 Kimberley Road, Leicester, LE2 1LP£345,000£327,500-£17,50026 Jul 202326 Apr 2024275 Days
2 Barrington Road, Leicester, LE2 2RA£550,000£502,000-£48,00015 Dec 202324 Apr 2024131 Days
16 Hobart Street, Leicester, LE2 0JS£298,500£280,000-£18,50029 Feb 202419 Apr 202450 Days
15 Wimborne Road, Leicester, LE2 3RQ£700,000£700,000£0006 Jun 202305 Apr 2024304 Days
24 Portland Road, Leicester, LE2 3AB£500,000£500,000£0019 Oct 202304 Apr 2024168 Days
18 Shakespeare Street, Leicester, LE2 7NL£189,950£185,000-£4,95010 Oct 202328 Mar 2024170 Days
50 Sidney Road, Leicester, LE2 3JR£360,000£345,000-£15,00029 Jul 202328 Mar 2024243 Days
24 Knighton Church Road, Leicester, LE2 3JG£485,000£469,000-£16,00030 Sep 202328 Mar 2024180 Days
12 Baldwin Road, Leicester, LE2 6HA£300,000£285,600-£14,40015 Nov 202322 Mar 2024128 Days
46 Chepstow Road, Leicester, LE2 1PA£250,000£240,000-£10,00007 Nov 202319 Mar 2024133 Days

Most Expensive Streets in LE2 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE2 2REKnighton RiseLeicester£1,132,5003
LE2 3HHKnighton RoadLeicester£977,5003
LE2 4QXChestnut Drive, Stretton HallLeicester£901,81811
LE2 2PDMeadowcourt RoadLeicester£885,0004
LE2 2LTSouthmeads CloseLeicester£820,0004
LE2 4QRThe Avenue, OadbyLeicester£773,3333
LE2 2PEMorland AvenueLeicester£751,3005
LE2 2HFThe Broadway, OadbyLeicester£748,7504
LE2 3TJSouthernhay RoadLeicester£744,8333
LE2 2RJStoughton Drive SouthLeicester£733,2147

Least Expensive Streets in LE2 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE2 2APLondon RoadLeicester£97,8525
LE2 2ADAlbert Court, Stoneygate RoadLeicester£102,85625
LE2 2BQMalvern Court, Malvern RoadLeicester£104,5003
LE2 2EJLyndwood Court, Stoughton RoadLeicester£104,75012
LE2 5BFThe Parade, OadbyLeicester£106,8754
LE2 7QRPentland CloseLeicester£107,2004
LE2 0ULTaurus CloseLeicester£107,2504
LE2 0JAAndover StreetLeicester£108,0003
LE2 0UJPegasus CloseLeicester£108,7504
LE2 6LSHeathcott RoadLeicester£111,3624

Explore LE2 (Leicester) using map

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