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Blaby and Whetstone House Prices Blaby and Whetstone House Prices

The average house price in Blaby and Whetstone is £258,750 using HM Land Registry data.

The average property price increased by £72,333 (30.7%) over the last 5 years and increased by £14,460 (4.93%) over the last 12 months.

Over the last year, there were 128 residential property sales – a decrease of 46 transactions (-35.94%) relative to the previous year. The majority of house sales (40) were in the £208,000 - £256,000 range. Then came properties in the £256,000 - £304,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 62 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,882 (-2%).

In Oct 24, there were 22 new estate agency instructions, 19 agreed home sales and 15 property price reductions.

Neighbouring Areas: Leicester, Countesthorpe

Postcodes Covered: LE19, LE8

5-Year Average Property Prices in Blaby and Whetstone

30.7%

Property prices in Blaby and Whetstone increased by 30.7% 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 Blaby and Whetstone Over the Last Year

4.93%

Property prices in Blaby and Whetstone increased by 4.93% 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 Blaby and Whetstone - Oct 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 Blaby and Whetstone

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 Blaby and Whetstone

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 Blaby and Whetstone

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 Blaby and Whetstone since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Blaby and Whetstone area since 1995.

Recent Property Sales in Blaby and Whetstone

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
8 Charnwood Avenue, Whetstone, Leicester, Leicestershire, LE8 6JD£235,000£235,000£0012 Feb 202401 Aug 2024171 Days
9 Daybell Close, Whetstone, Leicester, Leicestershire, LE8 6YT£225,000£225,000£0016 Apr 202431 Jul 2024106 Days
43 Sanderson Close, Whetstone, Leicester, Leicestershire, LE8 6ER£330,000£290,000-£40,00025 Apr 202408 Jul 202474 Days
5 James Street, Blaby, Leicester, Leicestershire, LE8 4GH£199,950£182,500-£17,45020 Sep 202328 Jun 2024282 Days
18 Franklin Way, Whetstone, Leicester, Leicestershire, LE8 6QY£500,000£485,000-£15,00008 Jan 202421 Jun 2024165 Days
29 Park Road, Blaby, Leicester, Leicestershire, LE8 4ED£225,000£220,000-£5,00026 Mar 202420 Jun 202486 Days
61 The Fairway, Blaby, Leicester, Leicestershire, LE8 4EN£354,950£350,000-£4,95021 Nov 202319 Jun 2024211 Days
28 Broadmead Road, Blaby, Leicester, Leicestershire, LE8 4AB£275,000£263,000-£12,00031 Oct 202331 May 2024213 Days
5 Queens Road, Blaby, Leicester, Leicestershire, LE8 4EH£215,000£213,500-£1,50017 Jan 202424 May 2024128 Days
Blue Haze, Grove Road, Blaby, Leicester, Leicestershire, LE8 4DH£900,000£870,000-£30,00006 Sep 202324 May 2024261 Days
27 Whittle Close, Whetstone, Leicester, Leicestershire, LE8 6JA£299,950£295,000-£4,95005 Feb 202403 May 202488 Days
33 Winterburn Gardens, Whetstone, Leicester, Leicestershire, LE8 6ZH£120,000£120,000£0026 Sep 202326 Apr 2024213 Days
17 Latimer Close, Blaby, Leicester, Leicestershire, LE8 4AP£235,000£228,000-£7,00008 Jan 202419 Apr 2024102 Days
1 Kenny Close, Whetstone, Leicester, Leicestershire, LE8 6YL£240,000£240,000£0026 Dec 202312 Apr 2024108 Days
20 Burnham Drive, Whetstone, Leicester, Leicestershire, LE8 6HY£349,950£325,000-£24,95009 Feb 202411 Apr 202462 Days
6 Lime Grove, Blaby, Leicester, Leicestershire, LE8 4GS£279,950£274,000-£5,95022 Jan 202405 Apr 202474 Days
36 Winchester Road, Blaby, Leicester, Leicestershire, LE8 4HJ£340,000£340,000£0029 Jun 202304 Apr 2024280 Days
26 Willow Road, Blaby, Leicester, Leicestershire, LE8 4BF£240,000£225,000-£15,00010 Nov 202304 Apr 2024146 Days
12 Harrison Close, Whetstone, Leicester, Leicestershire, LE8 6WD£265,000£263,000-£2,00011 Sep 202304 Apr 2024206 Days
6 Holden Close, Whetstone, Leicester, Leicestershire, LE8 6XS£235,000£230,500-£4,50021 Oct 202328 Mar 2024159 Days

Most Expensive Streets in Blaby and Whetstone

PostcodeStreetAreaAverageNo. of Sales
LE8 4GGHall Farm CloseBlaby£627,1878
LE8 4DHGrove RoadBlaby£503,2147
LE8 6YQReeves CloseWhetstone£417,5624
LE8 4FUWigston RoadBlaby£415,0004
LE8 6QYFranklin WayWhetstone£407,1254
LE8 6QZWright CloseWhetstone£389,7405
LE8 4GBChapel StreetBlaby£385,1878
LE8 6LTSpringwell LaneWhetstone£376,8754
LE8 6PLHenson CloseWhetstone£369,0005
LE8 4FTWelford RoadBlaby£367,0007

Least Expensive Streets in Blaby and Whetstone

PostcodeStreetAreaAverageNo. of Sales
LE8 6JZGarratt SquareWhetstone£70,5003
LE8 6ZHWinterburn GardensWhetstone£131,14214
LE8 4HTWykeham CloseBlaby£138,4003
LE8 4EGQueens RoadBlaby£139,3163
LE8 6HUSpinney HaltWhetstone£140,5005
LE8 4HWOrchard MewsSycamore Street, Blaby£141,3756
LE8 4JDSkippers CloseBlaby£154,1663
LE8 6NZShenton CloseWhetstone£168,7506
LE8 4GTNew StreetBlaby£172,1663
LE8 4PBLoughland CloseBlaby£178,5516

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