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House Prices in LE2 House Prices in LE2 (Leicester)

The average house price in LE2 (Leicester) is £261,272 using HM Land Registry data.

The average property price increased by £44,523 (59.48%) over the last 5 years and increased by £8,919 (7.32%) over the last 12 months.

Over the last year, there were 759 residential property sales – a decrease of 252 transactions (-33.20%) relative to the previous year. The majority of house sales (203) were in the £214,000 - £278,000 range. Then came properties in the £150,000 - £214,000 range, where 173 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 166 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,994 (-3%).

In January 2025, there were 159 new estate agency instructions, 124 agreed home sales and 105 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 LE2 (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 LE2 (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) - January 2025

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 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
197 Queens Road, Leicester, LE2 3FN£395,000£377,500-£17,50009 Apr 202418 Dec 2024253 Days
121 Duncan Road, Leicester, LE2 8EH£199,500£190,000-£9,50029 Jul 202413 Dec 2024137 Days
137 Asquith Boulevard, Leicester, LE2 6FE£240,000£226,000-£14,00017 Jul 202412 Dec 2024148 Days
30 Markland, Leicester, LE2 9AX£260,000£255,000-£5,00009 Sep 202409 Dec 202491 Days
26 Hereford Road, Leicester, LE2 8HG£260,000£256,000-£4,00001 Oct 202409 Dec 202469 Days
10 Wilton Close, Oadby, Leicester, Leicestershire, LE2 4ST£250,000£210,000-£40,00031 Jul 202406 Dec 2024128 Days
27 Grosvenor Close, Glen Parva, Leicester, Leicestershire, LE2 9UG£350,000£342,500-£7,50015 Aug 202406 Dec 2024113 Days
13 Newmarket Street, Leicester, LE2 3WQ£250,000£250,000£028 Jun 202402 Dec 2024157 Days
15 Aberdale Road, Leicester, LE2 6GD£280,000£250,000-£30,00002 Dec 202302 Dec 2024366 Days
56 Park Hill Drive, Leicester, LE2 8HR£225,000£220,000-£5,00022 Aug 202429 Nov 202499 Days
78 Westdale Avenue, Glen Parva, Leicester, Leicestershire, LE2 9JP£325,000£322,500-£2,50007 May 202429 Nov 2024206 Days
31 Kingsmead Road, Leicester, LE2 3YE£450,000£445,000-£5,00019 Jun 202429 Nov 2024163 Days
81 Dartford Road, Leicester, LE2 7PQ£200,000£195,000-£5,00002 Aug 202429 Nov 2024119 Days
14 Phillip Drive, Glen Parva, Leicester, Leicestershire, LE2 9US£260,000£248,800-£11,20013 Mar 202429 Nov 2024261 Days
60 Stoneygate Road, Leicester, LE2 2BN£525,000£500,000-£25,00007 Aug 202429 Nov 2024114 Days
1 Baldwin Road, Leicester, LE2 6HB£310,000£305,000-£5,00022 May 202427 Nov 2024189 Days
4 St Pauls Close, Oadby, Leicester, Leicestershire, LE2 4LZ£92,500£92,500£028 May 202422 Nov 2024178 Days
12 Oxford Avenue, Leicester, LE2 1HP£200,000£185,000-£15,00011 May 202422 Nov 2024195 Days
12 Kew Drive, Oadby, Leicester, Leicestershire, LE2 5TS£298,500£277,500-£21,00014 Nov 202314 Nov 2024366 Days
4 Hillcrest Road, Leicester, LE2 6HG£337,500£335,000-£2,50003 Jun 202412 Nov 2024162 Days

Most Expensive Streets in LE2 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE2 2REKnighton RiseLeicester£1,153,3333
LE2 3HHKnighton RoadLeicester£977,5003
LE2 2PDMeadowcourt RoadLeicester£889,0005
LE2 4QXChestnut Drive, Stretton HallLeicester£878,63611
LE2 3TJSouthernhay RoadLeicester£867,1663
LE2 8PFLutterworth Road, AylestoneLeicester£851,6663
LE2 3HEStoneygate AvenueLeicester£845,0003
LE2 2LTSouthmeads CloseLeicester£820,0004
LE2 2RJStoughton Drive SouthLeicester£732,5005
LE2 2PFMorland AvenueLeicester£727,3124

Least Expensive Streets in LE2 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE2 2APLondon RoadLeicester£91,4525
LE2 4LZSt Pauls Close, OadbyLeicester£92,8754
LE2 2PQOliver Court, London RoadLeicester£100,8005
LE2 2EJLyndwood Court, Stoughton RoadLeicester£103,45411
LE2 2BQMalvern Court, Malvern RoadLeicester£104,5003
LE2 2ADAlbert Court, Stoneygate RoadLeicester£105,47222
LE2 5BFThe Parade, OadbyLeicester£105,5005
LE2 0JAAndover StreetLeicester£108,0003
LE2 0UJPegasus CloseLeicester£108,7504
LE2 6LSHeathcott RoadLeicester£111,3624

Explore LE2 (Leicester) using map

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