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House Prices in LE3

The average house price in LE3 (Leicester) is £232,330 using HM Land Registry data.

The average property price increased by £67,639 (39.55%) over the last 5 years and increased by £13,552 (5.47%) over the last 12 months.

Over the last year, there were 613 residential property sales – a decrease of 312 transactions (-50.90%) relative to the previous year. The majority of house sales (141) were in the £224,000 - £266,000 range. Then came properties in the £182,000 - £224,000 range, where 120 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 65 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,152 (-2%).

In Oct 24, there were 167 new estate agency instructions, 137 agreed home sales and 149 property price reductions.

5-Year Average Property Prices in LE3 (Leicester)

39.55%

Property prices in Leicester increased by 39.55% 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 LE3 (Leicester) Over the Last Year

5.47%

Property prices in Leicester increased by 5.47% 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.

Property Market Heat Gauge for LE3 (Leicester) - 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 LE3 (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 LE3 (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 LE3 (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 LE3 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE3 postcode area since 1995.

Recent Sales in LE3 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
95 Buckminster Road, Leicester, LE3 9AT	£280,000	£275,000	-£5,000	03 Jun 2024	27 Aug 2024	85 Days
6 Edgeley Close, Leicester, LE3 9EX	£550,000	£510,000	-£40,000	14 Mar 2024	16 Aug 2024	155 Days
35 Minehead Street, Leicester, LE3 0SH	£195,000	£193,500	-£1,500	06 Mar 2024	08 Aug 2024	155 Days
37 Ivy Road, Leicester, LE3 0DF	£200,000	£197,000	-£3,000	08 Feb 2024	06 Aug 2024	180 Days
23 Sandhurst Close, Leicester, LE3 6RD	£180,000	£180,000	£00	19 Apr 2024	31 Jul 2024	103 Days
27 Tudor Road, Leicester, LE3 5JF	£185,000	£170,000	-£15,000	02 Jan 2024	31 Jul 2024	211 Days
10 Seaton Road, Thorpe Astley, Leicester, Leicestershire, LE3 3SU	£400,000	£390,000	-£10,000	20 Mar 2024	31 Jul 2024	133 Days
35 Collingham Road, Leicester, LE3 2BB	£250,000	£245,000	-£5,000	06 Oct 2023	29 Jul 2024	297 Days
18 Piper Close, Leicester, LE3 6RL	£140,000	£110,000	-£30,000	16 Aug 2023	29 Jul 2024	348 Days
6 Blue Pots Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NH	£415,000	£407,500	-£7,500	24 Jan 2024	26 Jul 2024	184 Days
13 Tysoe Hill, Glenfield, Leicester, Leicestershire, LE3 8AR	£310,000	£310,000	£00	16 Feb 2024	26 Jul 2024	161 Days
100 Copeland Avenue, Leicester, LE3 9EH	£101,750	£101,750	£00	09 Feb 2024	18 Jul 2024	160 Days
48 Rowanberry Avenue, Leicester, LE3 6PN	£180,000	£174,000	-£6,000	05 Dec 2023	12 Jul 2024	220 Days
5 Radford Drive, Leicester, Leicestershire, LE3 3DR	£200,000	£190,000	-£10,000	11 Oct 2023	10 Jul 2024	273 Days
20 Dunstall Avenue, Leicester, Leicestershire, LE3 3DN	£240,000	£240,000	£00	01 Nov 2023	10 Jul 2024	252 Days
19 Sylvan Street, Leicester, LE3 9GU	£175,000	£170,000	-£5,000	12 Jul 2023	09 Jul 2024	363 Days
50 Battenberg Road, Leicester, LE3 5HA	£178,000	£175,000	-£3,000	24 Oct 2023	03 Jul 2024	253 Days
38 The Osiers, Leicester, Leicestershire, LE3 2XN	£275,000	£265,000	-£10,000	17 Apr 2024	03 Jul 2024	77 Days
32 Shipman Road, Leicester, Leicestershire, LE3 2YB	£440,000	£425,000	-£15,000	02 Feb 2024	02 Jul 2024	151 Days
45 Pleasant Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NG	£285,000	£280,000	-£5,000	29 Feb 2024	02 Jul 2024	124 Days

Most Expensive Streets in LE3 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE3 8PZ	Waring Close, Glenfield	Leicester	£767,333	3
LE3 8EJ	Fairefield Crescent, Glenfield	Leicester	£638,571	7
LE3 3JT	Hinckley Road, Leicester Forest East	Leicester	£570,625	4
LE3 3NU	Forest House Lane, Leicester Forest East	Leicester	£561,666	6
LE3 8GT	Station Road, Glenfield	Leicester	£546,428	7
LE3 8EH	Fairefield Crescent, Glenfield	Leicester	£542,500	4
LE3 8PU	Glenfield Frith Drive, Glenfield	Leicester	£526,500	4
LE3 3QU	Carnation Close, Leicester Forest East	Leicester	£512,125	4
LE3 6FH	Letchworth Road	Leicester	£509,125	4
LE3 8JW	Spencer Close, Glenfield	Leicester	£492,000	3

Least Expensive Streets in LE3 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE3 0PE	Narborough Road	Leicester	£78,125	4
LE3 5RT	Fosse Road North	Leicester	£92,387	4
LE3 6DQ	Denis Close	Leicester	£93,666	6
LE3 2TY	Swithland Court, Pinfold	Leicester	£100,100	5
LE3 5ER	Fosse Road North	Leicester	£101,625	4
LE3 0FJ	Ashleigh Gardens	Leicester	£109,375	4
LE3 0TR	Hinckley Road	Leicester	£109,785	7
LE3 8BY	Stephenson Court, Glenfield	Leicester	£115,166	3
LE3 8EQ	Beacon Court, Faire Road	Leicester	£115,571	7
LE3 0LT	Cherryleas Drive	Leicester	£121,710	10