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Groby House Prices Groby House Prices

The average house price in Groby is £368,400 using HM Land Registry data.

The average property price increased by £60,400 (23.17%) over the last 5 years and increased by £12,099 (3.92%) over the last 12 months.

Over the last year, there were 74 residential property sales – an increase of 11 transactions (14.86%) relative to the previous year. The majority of house sales (17) were in the £222,000 - £274,000 range. Then came properties in the £170,000 - £222,000 range, where 12 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 158 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,052 (-3%).

In January 2025, there were 7 new estate agency instructions, 11 agreed home sales and 6 property price reductions.

Postcodes Covered: LE6

5-Year Average Property Prices in Groby

23.17%

Property prices in Groby increased by 23.17% 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 Groby Over the Last Year

3.92%

Property prices in Groby increased by 3.92% 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 Groby - January 2025

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 Groby

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 Groby

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 Groby

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 Groby since 1995

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

Recent Property Sales in Groby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
31 Parklands Avenue, Groby, Leicester, Leicestershire, LE6 0BL£275,000£265,000-£10,00019 Sep 202409 Dec 202481 Days
5 Wallace Drive, Groby, Leicester, Leicestershire, LE6 0GQ£295,000£285,000-£10,00012 Jul 202422 Nov 2024133 Days
8 Highfield Road, Groby, Leicester, Leicestershire, LE6 0GU£415,000£415,000£013 May 202420 Nov 2024191 Days
68 Leicester Road, Groby, Leicester, Leicestershire, LE6 0DN£375,000£357,000-£18,00026 Mar 202418 Nov 2024237 Days
40 Highfield Road, Groby, Leicester, Leicestershire, LE6 0GU£450,000£440,000-£10,00016 Jul 202411 Oct 202487 Days
148 Ratby Road, Groby, Leicester, Leicestershire, LE6 0BT£249,950£245,000-£4,95007 May 202406 Sep 2024122 Days
1 Mallard Avenue, Groby, Leicester, Leicestershire, LE6 0GR£415,000£405,000-£10,00005 Apr 202415 Aug 2024132 Days
16 Percival Way, Groby, Leicester, Leicestershire, LE6 0AU£365,000£360,000-£5,00016 Mar 202431 Jul 2024137 Days
10 Bluebell Drive, Groby, Leicester, Leicestershire, LE6 0AX£425,000£420,000-£5,00013 Mar 202424 Jun 2024103 Days
8 Marston Drive, Groby, Leicester, Leicestershire, LE6 0DY£230,000£230,000£028 Mar 202424 Jun 202488 Days
16 Marston Drive, Groby, Leicester, Leicestershire, LE6 0DY£375,000£375,000£004 Mar 202414 Jun 2024102 Days
11 Slate Brook Close, Groby, Leicester, Leicestershire, LE6 0EE£375,000£375,000£019 Feb 202424 May 202495 Days
10 Greys Drive, Groby, Leicester, Leicestershire, LE6 0YW£400,000£385,000-£15,00023 Oct 202305 Apr 2024165 Days
24 Stephenson Way, Groby, Leicester, Leicestershire, LE6 0FW£279,000£275,000-£4,00021 Sep 202305 Mar 2024166 Days
3 Poppy Close, Groby, Leicester, Leicestershire, LE6 0DZ£250,000£250,000£012 Jan 202401 Mar 202449 Days
3 Parklands Avenue, Groby, Leicester, Leicestershire, LE6 0BL£230,000£210,000-£20,00001 Sep 202322 Feb 2024174 Days
5 Field Court Road, Groby, Leicester, Leicestershire, LE6 0DG£250,000£234,136-£15,86408 Nov 202322 Feb 2024106 Days
1 Cedar Court, Groby, Leicester, Leicestershire, LE6 0ET£350,000£350,000£028 Nov 202316 Feb 202480 Days
188 Leicester Road, Groby, Leicester, Leicestershire, LE6 0DP£325,000£300,000-£25,00025 Jul 202305 Feb 2024195 Days
10 Meadow Court Road, Groby, Leicester, Leicestershire, LE6 0DW£320,000£300,000-£20,00011 Oct 202312 Jan 202493 Days

Most Expensive Streets in Groby

PostcodeStreetAreaAverageNo. of Sales
LE6 0BYSpinney CloseGroby£530,0003
LE6 0DECastell DriveGroby£507,5003
LE6 0EZFlaxfield CloseGroby£402,3128
LE6 0AXBluebell DriveGroby£399,2005
LE6 0EBParksideGroby£395,7163
LE6 0GUHighfield RoadGroby£394,7508
LE6 0DHJonathan CloseGroby£394,1663
LE6 0EYMeadow WayGroby£382,7504
LE6 0YWGreys DriveGroby£377,0005
LE6 0FDCrane Ley RoadGroby£368,5006

Least Expensive Streets in Groby

PostcodeStreetAreaAverageNo. of Sales
LE6 0FFBailey ViewGroby£156,0836
LE6 0ELWillow DriveGroby£187,6005
LE6 0ENLime AvenueGroby£191,6663
LE6 0GFRatby RoadGroby£193,6427
LE6 0YFWindsor AvenueGroby£205,50019
LE6 0FSMarkfield RoadGroby£210,6586
LE6 0FJLena DriveGroby£222,6384
LE6 0GGRatby RoadGroby£224,7504
LE6 0GHRatby RoadGroby£228,3577
LE6 0FWStephenson WayGroby£229,0003

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