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House Prices in LE5 House Prices in LE5 (Leicester)

The average house price in LE5 (Leicester) is £287,996 using HM Land Registry data.

The average property price increased by £60,297 (58.9%) over the last 5 years and increased by £12,054 (7.27%) over the last 12 months.

Over the last year, there were 403 residential property sales – a decrease of 195 transactions (-48.39%) relative to the previous year. The majority of house sales (120) were in the £244,000 - £296,000 range. Then came properties in the £192,000 - £244,000 range, where 70 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 81 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,689 (-3%).

In June 2024, there were 70 new estate agency instructions, 63 agreed home sales and 68 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) - 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 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
79 Main Street, Humberstone, Leicester, LE5 1AE£220,000£218,000-£2,00005 Mar 202417 May 202473 Days
28 Judith Drive, Leicester, LE5 6FL£295,000£290,000-£5,00003 Feb 202416 May 2024103 Days
28 Archway Road, Leicester, LE5 1RA£225,000£225,000£0013 Dec 202330 Apr 2024139 Days
14 Havencrest Drive, Leicester, LE5 2AG£250,000£250,000£0023 Jan 202419 Apr 202487 Days
12 Scraptoft Lane, Leicester, LE5 1HU£300,000£300,000£0011 Jan 202417 Apr 202497 Days
31 Saxthorpe Road, Hamilton, Leicester, LE5 1PT£490,000£485,000-£5,00002 Apr 202416 Apr 202414 Days
29 Greenwood Road, Leicester, LE5 4NH£379,950£365,000-£14,95009 Aug 202211 Apr 2024611 Days
8 Abbots Close, Leicester, LE5 1EH£290,000£290,000£0025 Oct 202303 Apr 2024161 Days
405 St Saviours Road, Leicester, LE5 4HH£275,000£275,000£0002 Feb 202303 Apr 2024426 Days
52 Wreford Crescent, Leicester, LE5 2QG£280,000£277,500-£2,50009 Oct 202328 Mar 2024171 Days
Flat E3, Chapel Court, High Street, Evington, Leicester, LE5 6FP£145,000£145,000£0004 Dec 202322 Mar 2024109 Days
86 Mere Road, Leicester, LE5 3HR£350,000£300,000-£50,00016 Jun 202322 Mar 2024280 Days
20 Swinstead Road, Leicester, LE5 6JJ£500,000£480,000-£20,00013 Dec 202318 Mar 202496 Days
98 Wicklow Drive, Leicester, LE5 4RB£310,000£305,000-£5,00008 Sep 202308 Mar 2024182 Days
21 Brightside Road, Leicester, LE5 5LD£167,950£165,000-£2,95019 Jan 201101 Mar 20244790 Days
4 Vale Close, Leicester, LE5 2NP£150,000£135,000-£15,00018 Oct 202329 Feb 2024134 Days
26 Skampton Road, Leicester, LE5 6TN£269,950£269,950£0017 Nov 202329 Feb 2024104 Days
33 Cardinals Walk, Leicester, LE5 1LE£300,000£270,000-£30,00002 Oct 202322 Feb 2024143 Days
11 Sherwood Street, Leicester, LE5 4GR£400,000£365,000-£35,00023 Aug 202316 Feb 2024177 Days
34 Parkstone Road, Leicester, LE5 1NN£325,000£314,000-£11,00020 Jun 202315 Feb 2024240 Days

Most Expensive Streets in LE5 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE5 6QBUppingham RoadLeicester£790,0004
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 1WLBarlow Road, HamiltonLeicester£493,3975
LE5 1BBWarren CloseLeicester£493,0003
LE5 6PSSpencefield LaneLeicester£473,3336
LE5 6GGSpencefield LaneLeicester£466,8336

Least Expensive Streets in LE5 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE5 4WNCarrick Point, Falmouth RoadLeicester£63,65010
LE5 0LFVictoria Road EastLeicester£67,0003
LE5 4WHFalmouth RoadLeicester£79,6005
LE5 4ETIllingworth RoadLeicester£85,6663
LE5 4QERainworth RoadLeicester£91,5004
LE5 1EGHotoft RoadLeicester£91,89910
LE5 1EFHotoft RoadLeicester£108,31811
LE5 3GWHumberstone RoadLeicester£112,0905
LE5 0TLGrosvenor GateLeicester£116,61726
LE5 4LPColeman CloseLeicester£118,3333

Explore LE5 (Leicester) using map

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