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House Prices in LE5 House Prices in LE5 (Leicester)

The average house price in LE5 (Leicester) is £245,235 using HM Land Registry data.

The average property price increased by £59,378 (58.9%) over the last 5 years and increased by £11,897 (7.27%) over the last 12 months.

Over the last year, there were 408 residential property sales – a decrease of 103 transactions (-25.25%) relative to the previous year. The majority of house sales (107) were in the £254,000 - £306,000 range. Then came properties in the £202,000 - £254,000 range, where 91 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 121 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-13,447 (-4%).

In Dec 24, there were 57 new estate agency instructions, 51 agreed home sales and 40 property price reductions.

Nearby Postcodes: CV11, CV12, CV13, CV23, CV7, DE73, DE74, LE1, LE10, LE11, LE12, LE13, LE14, LE15, LE16, LE17, LE18, LE19, LE2, LE21, LE3, LE4, LE55, LE6, LE65, LE67, LE7, LE8, LE9, NG11, NG12, NG13, NG32, NG33, NN14, NN17, NN18, NN6, PE9

5-Year Average Property Prices in LE5 (Leicester)

58.9%

Property prices in Leicester increased by 58.9% 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 LE5 (Leicester) Over the Last Year

7.27%

Property prices in Leicester increased by 7.27% 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 LE5 (Leicester) - Dec 24

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 LE5 (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 LE5 (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 LE5 (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 LE5 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE5 postcode area since 1995.

Recent Sales in LE5 (Leicester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
18 Brook Road, Leicester, LE5 2HD£215,000£210,000-£5,00009 Jul 202422 Nov 2024136 Days
37 Rowsley Avenue, Leicester, LE5 5BS£335,000£335,000£0012 Aug 202415 Nov 202495 Days
166 Wintersdale Road, Leicester, LE5 2GN£475,000£472,000-£3,00021 Jul 202406 Nov 2024108 Days
7 Abbots Close, Leicester, LE5 1EH£290,000£290,000£0006 Jul 202404 Nov 2024121 Days
36 Kirminton Gardens, Leicester, LE5 2EN£250,000£250,000£0015 May 202431 Oct 2024169 Days
9 Fallowfield Road, Leicester, LE5 6LQ£340,000£333,000-£7,00010 Jun 202431 Oct 2024143 Days
36 Whitehall Road, Leicester, LE5 6GH£325,000£313,000-£12,00010 May 202428 Oct 2024171 Days
47 Charlock Road, Hamilton, Leicester, LE5 1RX£294,950£282,000-£12,95020 Sep 202325 Oct 2024401 Days
1 Trillium Close, Hamilton, Leicester, LE5 1UQ£335,000£335,000£0024 Aug 202425 Oct 202462 Days
15 Hazelwood Road, Leicester, LE5 5HR£279,950£166,465-£113,48508 Oct 201909 Aug 20241767 Days
174 Wintersdale Road, Leicester, LE5 2GN£380,000£320,000-£60,00025 Mar 202431 Jul 2024128 Days
37 Stanley Drive, Leicester, LE5 1EB£550,000£530,000-£20,00027 Mar 202423 Jul 2024118 Days
65 Columbine Road, Hamilton, Leicester, LE5 1UG£410,000£407,000-£3,00020 Mar 202412 Jul 2024114 Days
59 Cardinals Walk, Leicester, LE5 1LG£375,000£375,000£0016 Feb 202401 Jul 2024136 Days
22 Colchester Road, Leicester, LE5 2DF£350,000£315,000-£35,00022 Jan 202426 Jun 2024156 Days
3 North Drive, Leicester, LE5 1AH£325,000£317,000-£8,00018 Mar 202424 Jun 202498 Days
8 Roborough Green, Leicester, LE5 2NA£240,000£238,000-£2,00014 Nov 202321 Jun 2024220 Days
55 Prospect Road, Leicester, LE5 3RR£140,000£80,000-£60,00029 Jan 202419 Jun 2024142 Days
18 Evington Mews, Evington, Leicester, LE5 6DP£300,000£300,000£0004 Apr 202414 Jun 202471 Days
45 Saltersford Road, Leicester, LE5 4DF£240,000£225,000-£15,00005 Mar 202414 Jun 2024101 Days

Most Expensive Streets in LE5 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE5 6AJLinden DriveLeicester£780,0504
LE5 6HHSpencefield LaneLeicester£767,5003
LE5 6HFSpencefield LaneLeicester£594,6427
LE5 2GGUppingham RoadLeicester£591,6663
LE5 6HTUppingham CloseLeicester£497,5004
LE5 1BBWarren CloseLeicester£493,0003
LE5 1DAAbbots Road SouthLeicester£485,0004
LE5 6GGSpencefield LaneLeicester£466,8336
LE5 2DPUppingham RoadLeicester£452,5004
LE5 6LGDelaware RoadLeicester£451,7005

Least Expensive Streets in LE5 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE5 4WNCarrick Point, Falmouth RoadLeicester£59,55010
LE5 0LFVictoria Road EastLeicester£73,3333
LE5 4WHFalmouth RoadLeicester£79,6005
LE5 4ETIllingworth RoadLeicester£85,6663
LE5 1EGHotoft RoadLeicester£92,6669
LE5 4QERainworth RoadLeicester£92,8754
LE5 1EFHotoft RoadLeicester£110,15010
LE5 3GWHumberstone RoadLeicester£112,0905
LE5 4LPColeman CloseLeicester£118,3333
LE5 0TLGrosvenor GateLeicester£120,58524

Explore LE5 (Leicester) using map

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