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House Prices in LE8 House Prices in LE8 (Leicester)

The average house price in LE8 (Leicester) is £318,304 using HM Land Registry data.

The average property price increased by £44,614 (23.18%) over the last 5 years and increased by £8,940 (3.57%) over the last 12 months.

Over the last year, there were 414 residential property sales – a decrease of 95 transactions (-22.95%) relative to the previous year. The majority of house sales (122) were in the £242,000 - £304,000 range. Then came properties in the £180,000 - £242,000 range, where 77 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 108 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,995 (-3%).

In December 2024, there were 44 new estate agency instructions, 39 agreed home sales and 30 property price reductions.

Nearby Postcodes: CV13, CV23, LE1, LE10, LE12, LE14, LE15, LE16, LE17, LE18, LE19, LE2, LE21, LE3, LE4, LE5, LE55, LE6, LE67, LE7, LE87, LE9, NN14, NN17, NN18, NN6

5-Year Average Property Prices in LE8 (Leicester)

23.18%

Property prices in LE8 (Leicester) increased by 23.18% 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 LE8 (Leicester) Over the Last Year

3.57%

Property prices in LE8 (Leicester) increased by 3.57% 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 LE8 (Leicester) - December 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 LE8 (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 LE8 (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 LE8 (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 LE8 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE8 postcode area since 1995.

Recent Sales in LE8 (Leicester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Pinewood Close, Countesthorpe, Leicester, Leicestershire, LE8 5TS£235,000£231,250-£3,75020 Aug 202422 Nov 202494 Days
28 Cosby Road, Countesthorpe, Leicester, Leicestershire, LE8 5PD£395,000£380,000-£15,00020 Jun 202420 Nov 2024153 Days
20 Fieldway Crescent, Great Glen, Leicester, Leicestershire, LE8 9GW£375,000£300,000-£75,00007 Feb 201814 Nov 20242472 Days
16 Fieldway Crescent, Great Glen, Leicester, Leicestershire, LE8 9GW£300,000£292,500-£7,50012 Apr 202414 Nov 2024216 Days
93 Coleman Road, Fleckney, Leicester, Leicestershire, LE8 8BH£325,000£325,000£005 Apr 202412 Nov 2024221 Days
10 St Peters Drive, Whetstone, Leicester, Leicestershire, LE8 6JT£235,000£230,000-£5,00016 Aug 202408 Nov 202484 Days
40 Batchelor Road, Fleckney, Leicester, Leicestershire, LE8 8BE£290,000£280,000-£10,00025 Jul 202401 Nov 202499 Days
31 Trinity Road, Whetstone, Leicester, Leicestershire, LE8 6JW£259,950£259,950£015 Apr 202401 Nov 2024200 Days
134 Stretton Road, Great Glen, Leicester, Leicestershire, LE8 9GP£319,950£300,000-£19,95006 Jun 202430 Oct 2024146 Days
Flat 9, Beauchamp Gardens, Smeeton Road, Kibworth Beauchamp, Leicester, Leicestershire, LE8 0LF£200,000£180,000-£20,00019 Feb 202430 Oct 2024254 Days
30 Broadmead Road, Blaby, Leicester, Leicestershire, LE8 4AB£288,950£285,000-£3,95031 May 202429 Oct 2024151 Days
14 The Tithings, Kibworth Beauchamp, Leicester, Leicestershire, LE8 0PU£450,000£450,000£024 Jan 202425 Oct 2024275 Days
85 Meadowbrook Road, Kibworth Beauchamp, Leicester, Leicestershire, LE8 0HU£300,000£290,000-£10,00026 Jun 202424 Oct 2024120 Days
62 Naseby Way, Great Glen, Leicester, Leicestershire, LE8 9GS£450,000£440,000-£10,00025 Apr 202422 Oct 2024180 Days
Flat 3, Byron Court, Byron Close, Fleckney, Leicester, Leicestershire, LE8 8UP£90,000£70,000-£20,00015 Jun 202318 Oct 2024491 Days
3 Paddock Close, Countesthorpe, Leicester, Leicestershire, LE8 5WZ£625,000£590,000-£35,00031 Mar 202314 Oct 2024563 Days
14 The Elms, Countesthorpe, Leicester, Leicestershire, LE8 5SZ£232,950£230,450-£2,50014 Jun 202402 Aug 202449 Days
8 Charnwood Avenue, Whetstone, Leicester, Leicestershire, LE8 6JD£235,000£235,000£012 Feb 202401 Aug 2024171 Days
9 Daybell Close, Whetstone, Leicester, Leicestershire, LE8 6YT£225,000£225,000£016 Apr 202431 Jul 2024106 Days
66 Gladstone Street, Fleckney, Leicester, Leicestershire, LE8 8AG£220,000£205,000-£15,00031 Jan 202426 Jul 2024177 Days

Most Expensive Streets in LE8 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE8 9EZOld Mill Close, Great GlenLeicester£944,1666
LE8 4HNWinchester Road, BlabyLeicester£860,0003
LE8 0QLMill Lane, Smeeton WesterbyLeicester£852,1005
LE8 9DLMain Street, Burton OveryLeicester£815,6676
LE8 0PSHardwick Drive, ShangtonLeicester£805,41612
LE8 9FHGlen Road, Newton HarcourtLeicester£794,8005
LE8 5UAWilloughby Road, CountesthorpeLeicester£791,7857
LE8 0NAAlbert Street, Kibworth HarcourtLeicester£703,3336
LE8 9GEHigher Green, Great GlenLeicester£692,5004
LE8 0QTSmeeton Road, SaddingtonLeicester£683,3333

Least Expensive Streets in LE8 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE8 8UPByron Court, Byron CloseLeicester£114,8754
LE8 8DQRusset House, Orchard Street, FleckneyLeicester£116,1005
LE8 5LZThe Vineries, CountesthorpeLeicester£130,5003
LE8 6ZHWinterburn Gardens, WhetstoneLeicester£131,14214
LE8 4HTWykeham Close, BlabyLeicester£138,4003
LE8 9ENStonehill Court, Great GlenLeicester£139,1666
LE8 4EGQueens Road, BlabyLeicester£139,3163
LE8 6HUSpinney Halt, WhetstoneLeicester£140,5005
LE8 4HWOrchard Mews, Sycamore Street, BlabyLeicester£141,3756
LE8 0RZOld School Court, KibworthLeicester£141,6663

Explore LE8 (Leicester) using map

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