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House Prices in LE3

The average house price in LE3 (Leicester) is £252,501 using HM Land Registry data.

The average property price increased by £78,151 (39.55%) over the last 5 years and increased by £15,624 (5.47%) over the last 12 months.

Over the last year, there were 666 residential property sales – a decrease of 369 transactions (-55.41%) relative to the previous year. The majority of house sales (145) were in the £230,000 - £270,000 range. Then came properties in the £190,000 - £230,000 range, where 140 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 55 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,152 (-2%).

In June 2024, there were 165 new estate agency instructions, 118 agreed home sales and 107 property price reductions.

5-Year Average Property Prices in LE3 (Leicester)

39.55%

Property prices in Leicester increased by 39.55% 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 LE3 (Leicester) Over the Last Year

5.47%

Property prices in Leicester increased by 5.47% 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 LE3 (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 LE3 (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 LE3 (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 LE3 (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 LE3 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE3 postcode area since 1995.

Recent Sales in LE3 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
43 Ravenhurst Road, Leicester, Leicestershire, LE3 2PT	£240,000	£240,000	£00	05 Feb 2024	15 May 2024	100 Days
30 Petworth Drive, Leicester, LE3 9RE	£290,000	£285,000	-£5,000	14 Jan 2024	09 May 2024	116 Days
54 Walton Street, Leicester, LE3 0DY	£220,000	£208,000	-£12,000	21 Oct 2023	22 Apr 2024	184 Days
25 Gwencole Crescent, Leicester, Leicestershire, LE3 2FJ	£255,000	£250,000	-£5,000	16 Nov 2023	15 Apr 2024	151 Days
74 Branting Hill Avenue, Glenfield, Leicester, Leicestershire, LE3 8GB	£470,000	£450,000	-£20,000	02 Jun 2023	12 Apr 2024	315 Days
2 Firestone Close, Leicester, LE3 6US	£180,000	£178,000	-£2,000	12 Jan 2024	12 Apr 2024	91 Days
11 Blue Pots Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NH	£350,000	£330,000	-£20,000	05 Jul 2023	12 Apr 2024	282 Days
30 Loxley Road, Glenfield, Leicester, Leicestershire, LE3 8PB	£375,000	£370,000	-£5,000	25 Jul 2023	12 Apr 2024	262 Days
7 Rushmere Walk, Leicester Forest East, Leicester, Leicestershire, LE3 3PE	£210,000	£205,000	-£5,000	04 Nov 2023	28 Mar 2024	145 Days
21 Wroxall Way, Leicester, LE3 9TL	£250,000	£230,000	-£20,000	03 Jan 2024	27 Mar 2024	84 Days
120 Pindar Road, Leicester, LE3 9RL	£220,000	£210,000	-£10,000	11 Dec 2023	27 Mar 2024	107 Days
76 Ashleigh Road, Leicester, LE3 0FD	£300,000	£300,000	£00	24 Oct 2023	26 Mar 2024	154 Days
4 St Pauls Road, Leicester, LE3 9DE	£260,000	£250,000	-£10,000	29 Oct 2023	22 Mar 2024	145 Days
42 Andrewes Close, Leicester, LE3 5PD	£120,000	£117,500	-£2,500	25 Aug 2023	15 Mar 2024	203 Days
23 Mellor Road, Leicester, LE3 6HN	£475,000	£475,000	£00	11 Oct 2023	29 Feb 2024	141 Days
22a, Foxon Way, Thorpe Astley, Leicester, Leicestershire, LE3 3TP	£290,000	£275,000	-£15,000	29 Sep 2023	23 Feb 2024	147 Days
Flat 5, Beacon Court, Faire Road, Glenfield, Leicester, Leicestershire, LE3 8EQ	£125,000	£125,000	£00	18 Sep 2023	23 Feb 2024	158 Days
72 Rushmere Walk, Leicester Forest East, Leicester, Leicestershire, LE3 3PD	£325,000	£310,000	-£15,000	24 Sep 2023	16 Feb 2024	145 Days
41 Dunton Street, Leicester, LE3 5EL	£170,000	£162,000	-£8,000	20 Oct 2023	13 Feb 2024	116 Days
1 Lark Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NX	£360,000	£355,000	-£5,000	28 Nov 2023	13 Feb 2024	77 Days

Most Expensive Streets in LE3 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE3 8PZ	Waring Close, Glenfield	Leicester	£738,750	4
LE3 8EJ	Fairefield Crescent, Glenfield	Leicester	£638,571	7
LE3 3JT	Hinckley Road, Leicester Forest East	Leicester	£570,625	4
LE3 8PU	Glenfield Frith Drive, Glenfield	Leicester	£557,750	4
LE3 8GT	Station Road, Glenfield	Leicester	£546,428	7
LE3 3QU	Carnation Close, Leicester Forest East	Leicester	£545,500	3
LE3 3NU	Forest House Lane, Leicester Forest East	Leicester	£538,000	6
LE3 8EH	Fairefield Crescent, Glenfield	Leicester	£523,750	4
LE3 6FH	Letchworth Road	Leicester	£509,125	4
LE3 8JW	Spencer Close, Glenfield	Leicester	£485,000	4

Least Expensive Streets in LE3 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE3 0PE	Narborough Road	Leicester	£78,125	4
LE3 5RT	Fosse Road North	Leicester	£92,387	4
LE3 5RA	Bosworth Street	Leicester	£93,333	3
LE3 6DQ	Denis Close	Leicester	£94,214	7
LE3 2TY	Swithland Court, Pinfold	Leicester	£100,100	5
LE3 5ER	Fosse Road North	Leicester	£101,625	4
LE3 0LS	Cherryleas Drive	Leicester	£104,562	4
LE3 0TR	Hinckley Road	Leicester	£105,583	6
LE3 0FJ	Ashleigh Gardens	Leicester	£109,375	4
LE3 8BY	Stephenson Court, Glenfield	Leicester	£115,166	3