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House Prices in LE9 House Prices in LE9 (Leicester)

The average house price in LE9 (Leicester) is £357,378 using HM Land Registry data.

The average property price increased by £98,792 (40.72%) over the last 5 years and increased by £19,750 (5.59%) over the last 12 months.

Over the last year, there were 567 residential property sales – a decrease of 440 transactions (-77.60%) relative to the previous year. The majority of house sales (148) were in the £224,000 - £288,000 range. Then came properties in the £160,000 - £224,000 range, where 137 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,036 (-2%).

In June 2024, there were 143 new estate agency instructions, 96 agreed home sales and 82 property price reductions.

Nearby Postcodes: CV10, CV11, CV12, CV13, CV23, CV7, CV9, DE11, DE12, DE73, LE1, LE10, LE12, LE16, LE17, LE18, LE19, LE2, LE3, LE4, LE6, LE65, LE67, LE7, LE8, LE87, NN6

5-Year Average Property Prices in LE9 (Leicester)

40.72%

Property prices in Leicester increased by 40.72% 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 LE9 (Leicester) Over the Last Year

5.59%

Property prices in Leicester increased by 5.59% 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 LE9 (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 LE9 (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 LE9 (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 LE9 (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 LE9 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE9 postcode area since 1995.

Recent Sales in LE9 (Leicester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
37 Main Street, Broughton Astley, Leicester, Leicestershire, LE9 6RE£499,950£490,000-£9,95026 Jul 202323 May 2024302 Days
7 Oxford Road, Desford, Leicester, Leicestershire, LE9 9JN£250,000£220,000-£30,00030 Jan 202410 May 2024101 Days
42 Peters Avenue, Newbold Verdon, Leicester, Leicestershire, LE9 9PR£400,000£390,000-£10,00002 Jan 202409 May 2024128 Days
110 Station Road, Broughton Astley, Leicester, Leicestershire, LE9 6PW£289,950£289,950£0007 Feb 202403 May 202486 Days
35 Hornbeam Road, Newbold Verdon, Leicester, Leicestershire, LE9 9NT£270,000£260,000-£10,00027 Sep 202302 May 2024218 Days
6 White Barn Drive, Cosby, Leicester, Leicestershire, LE9 1RR£200,000£200,000£0001 Dec 202329 Apr 2024150 Days
12 Montague Road, Broughton Astley, Leicester, Leicestershire, LE9 6RN£275,000£275,000£0002 Oct 202326 Apr 2024207 Days
10 Pickering Road, Broughton Astley, Leicester, Leicestershire, LE9 6WA£375,000£375,000£0020 Sep 202326 Apr 2024219 Days
11 Wapples Drive, Broughton Astley, Leicester, Leicestershire, LE9 6AF£425,000£420,000-£5,00004 Jul 202326 Apr 2024297 Days
41 Maple Way, Earl Shilton, Leicester, Leicestershire, LE9 7HW£250,000£250,000£0031 Jan 202426 Apr 202486 Days
31 Elmesthorpe Lane, Earl Shilton, Leicester, Leicestershire, LE9 7PT£315,000£310,000-£5,00029 Jan 202423 Apr 202485 Days
9 Hewitt Drive, Kirby Muxloe, Leicester, Leicestershire, LE9 2EB£425,000£410,000-£15,00031 Oct 202316 Apr 2024168 Days
47 The Fieldway, Broughton Astley, Leicester, Leicestershire, LE9 6SX£267,950£267,000-£95012 Jan 202412 Apr 202491 Days
60 Brooklands Road, Cosby, Leicester, Leicestershire, LE9 1SD£345,000£335,000-£10,00020 Jun 202309 Apr 2024294 Days
122 Hereford Close, Barwell, Leicester, Leicestershire, LE9 8HU£200,000£200,000£0022 Dec 202305 Apr 2024105 Days
25 The Drive, Barwell, Leicester, Leicestershire, LE9 8LB£270,000£270,000£0028 Nov 202305 Apr 2024129 Days
9 Hollydene Crescent, Earl Shilton, Leicester, Leicestershire, LE9 7LP£230,000£222,000-£8,00017 Nov 202305 Apr 2024140 Days
6 Warwick Road, Broughton Astley, Leicester, Leicestershire, LE9 6SB£325,000£320,000-£5,00014 Jul 202304 Apr 2024265 Days
69 Keats Lane, Earl Shilton, Leicester, Leicestershire, LE9 7DS£155,000£152,000-£3,00030 Jan 202428 Mar 202458 Days
Fosse Cottage, Coventry Road, Croft, Leicester, Leicestershire, LE9 3GP£497,500£467,500-£30,00023 Jun 202328 Mar 2024279 Days

Most Expensive Streets in LE9 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE9 2ERStamford Road, Kirby MuxloeLeicester£1,505,0005
LE9 2BPLinks Road, Kirby MuxloeLeicester£933,0005
LE9 2EAForest Drive, Kirby MuxloeLeicester£749,50010
LE9 1SWKingsfield Road, CosbyLeicester£745,0004
LE9 3GUHuncote Road, CroftLeicester£730,0003
LE9 2BLGullet Lane, Kirby MuxloeLeicester£686,2504
LE9 9JJLeicester Lane, DesfordLeicester£681,10010
LE9 7RQHill Close, PeckletonLeicester£669,1663
LE9 9GNLindridge Lane, DesfordLeicester£664,3874
LE9 2EGLinden Lane, Kirby MuxloeLeicester£664,1663

Least Expensive Streets in LE9 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE9 7BWVicarage Court, Vicarage Street, Earl ShiltonLeicester£69,1005
LE9 8FZStaniforth Court, Bank TerraceLeicester£79,3005
LE9 7NSHighfield Court, Rossendale RoadLeicester£79,73114
LE9 8BZSaffron Court, High Street, BarwellLeicester£79,7506
LE9 8GZAsh Lodge, Arthur Street, BarwellLeicester£86,7504
LE9 8EGTwyford Court, Arthur Street, BarwellLeicester£87,6254
LE9 7NPThe Cloisters, Earl ShiltonLeicester£90,5836
LE9 8GFLynton Court, King Street, BarwellLeicester£94,1427
LE9 8ALNewlands Road, BarwellLeicester£96,6663
LE9 7JNBartlett Close, Earl ShiltonLeicester£100,4287

Explore LE9 (Leicester) using map

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