FREEPHONE 0800 044 3733 Lines Open 24/7
FREE Cash Offer CALL US on FREEPHONE0800 044 3733
You are here: Property Solvers Home Homeowners Hub UK House Prices House Prices in LE2

House Prices in LE2 House Prices in LE2 (Leicester)

The average house price in LE2 (Leicester) is £294,809 using HM Land Registry data.

The average property price increased by £53,455 (59.48%) over the last 5 years and increased by £10,711 (7.32%) over the last 12 months.

Over the last year, there were 750 residential property sales – a decrease of 274 transactions (-36.53%) relative to the previous year. The majority of house sales (201) were in the £216,000 - £282,000 range. Then came properties in the £150,000 - £216,000 range, where 176 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 114 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,908 (-3%).

In Dec 24, there were 96 new estate agency instructions, 86 agreed home sales and 64 property price reductions.

Nearby Postcodes: CV11, CV12, CV13, CV23, CV7, DE73, DE74, LE1, LE10, LE11, LE12, LE13, LE14, LE15, LE16, LE17, LE18, LE19, LE21, LE3, LE4, LE5, LE55, LE6, LE65, LE67, LE7, LE8, LE87, LE9, NG11, NG12, NG13, NG32, NG33, NN14, NN17, NN18, NN6, PE9

5-Year Average Property Prices in LE2 (Leicester)

59.48%

Property prices in Leicester increased by 59.48% 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 LE2 (Leicester) Over the Last Year

7.32%

Property prices in Leicester increased by 7.32% 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 LE2 (Leicester) - Dec 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 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 LE2 (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 LE2 (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 LE2 (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 LE2 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE2 postcode area since 1995.

Recent Sales in LE2 (Leicester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
1 Baldwin Road, Leicester, LE2 6HB£310,000£305,000-£5,00022 May 202427 Nov 2024189 Days
4 St Pauls Close, Oadby, Leicester, Leicestershire, LE2 4LZ£92,500£92,500£0028 May 202422 Nov 2024178 Days
12 Oxford Avenue, Leicester, LE2 1HP£200,000£185,000-£15,00011 May 202422 Nov 2024195 Days
12 Kew Drive, Oadby, Leicester, Leicestershire, LE2 5TS£298,500£277,500-£21,00014 Nov 202314 Nov 2024366 Days
4 Hillcrest Road, Leicester, LE2 6HG£337,500£335,000-£2,50003 Jun 202412 Nov 2024162 Days
6 Brooksby Close, Oadby, Leicester, Leicestershire, LE2 5AB£245,000£243,000-£2,00024 May 202411 Nov 2024171 Days
30 Cyprus Road, Leicester, LE2 8QS£190,000£190,000£0017 Apr 202408 Nov 2024205 Days
40 Richmond Drive, Glen Parva, Leicester, Leicestershire, LE2 9TJ£245,000£240,000-£5,00011 Jun 202407 Nov 2024149 Days
52 Heather Road, Leicester, LE2 6DD£280,000£280,000£0004 Jun 202401 Nov 2024150 Days
25 Southland Road, Leicester, LE2 3RJ£500,000£385,000-£115,00027 Feb 202431 Oct 2024247 Days
12 York Close, Glen Parva, Leicester, Leicestershire, LE2 9UE£260,000£256,000-£4,00007 Jul 202430 Oct 2024115 Days
43 Bulwer Road, Leicester, LE2 3BW£260,000£249,044-£10,95608 Apr 202416 Aug 2024130 Days
7 Kenwood Road, Leicester, LE2 3PL£380,000£380,000£0014 May 202413 Aug 202491 Days
4 Knighton Drive, Leicester, LE2 3HB£775,000£710,000-£65,00013 Apr 202312 Aug 2024487 Days
28 Wych Elm Road, Oadby, Leicester, Leicestershire, LE2 4EF£300,000£280,000-£20,00023 May 202409 Aug 202478 Days
6 Edward Close, Oadby, Leicester, Leicestershire, LE2 4SF£330,000£318,000-£12,00001 Mar 202409 Aug 2024161 Days
1 Northfold Road, Leicester, LE2 3YG£360,000£348,000-£12,00016 Apr 202409 Aug 2024115 Days
26 Honeywell Close, Oadby, Leicester, Leicestershire, LE2 5QP£190,000£186,000-£4,00025 Jan 202407 Aug 2024195 Days
11 Franklyn Road, Leicester, LE2 8LN£270,000£270,000£0012 Mar 202405 Aug 2024146 Days
117 Lorne Road, Leicester, LE2 3AR£270,000£266,500-£3,50025 Apr 202401 Aug 202498 Days

Most Expensive Streets in LE2 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE2 2REKnighton RiseLeicester£1,153,3333
LE2 3HHKnighton RoadLeicester£977,5003
LE2 4QXChestnut Drive, Stretton HallLeicester£890,00010
LE2 2PDMeadowcourt RoadLeicester£889,0005
LE2 3TJSouthernhay RoadLeicester£867,1663
LE2 8PFLutterworth Road, AylestoneLeicester£851,6663
LE2 3HEStoneygate AvenueLeicester£845,0003
LE2 2LTSouthmeads CloseLeicester£820,0004
LE2 2RJStoughton Drive SouthLeicester£732,5005
LE2 2PFMorland AvenueLeicester£727,3124

Least Expensive Streets in LE2 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE2 2APLondon RoadLeicester£94,3154
LE2 2PQOliver Court, London RoadLeicester£100,8005
LE2 2EJLyndwood Court, Stoughton RoadLeicester£103,45411
LE2 2BQMalvern Court, Malvern RoadLeicester£104,5003
LE2 5BFThe Parade, OadbyLeicester£105,5005
LE2 2ADAlbert Court, Stoneygate RoadLeicester£106,29022
LE2 0JAAndover StreetLeicester£108,0003
LE2 0UJPegasus CloseLeicester£108,7504
LE2 6LSHeathcott RoadLeicester£111,3624
LE2 0ULTaurus CloseLeicester£111,6663

Explore LE2 (Leicester) using map

Sell Your
House Fast
Property Auctions Leicestershire
Property Auctions Leicestershire
We Buy
Any House
House
Valuation
Tools

Selling?
Get Your FREE
House Valuation Report

Office for National Statistics & Land Registry

We Are Regulated:

Property Ombudsman
Gov.UK Money Laundering Regulations
Trading Standards Approved
National Association of Property Buyers (NAPB)
ICO Registered
NAEA PropertyMark