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Leicester House Prices Leicester House Prices

The average house price in Leicester is £253,218 using HM Land Registry data.

The average property price increased by £69,118 (33.42%) over the last 5 years and increased by £13,818 (5.27%) over the last 12 months.

Over the last year, there were 2,347 residential property sales – a decrease of 802 transactions (-34.17%) relative to the previous year. The majority of house sales (569) were in the £188,000 - £236,000 range. Then came properties in the £236,000 - £284,000 range, where 536 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 73 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,307 (-2%).

In Oct 24, there were 453 new estate agency instructions, 358 agreed home sales and 335 property price reductions.

Neighbouring Areas: Birstall, Thurmaston, Leicester Forest East and Kirby Muxloe, Oadby, Enderby and Narborough, Wigston, Blaby and Whetstone

Postcodes Covered: LE1, LE19, LE2, LE3, LE4, LE5, LE7

5-Year Average Property Prices in Leicester

33.42%

Property prices in Leicester increased by 33.42% 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 Leicester Over the Last Year

5.27%

Property prices in Leicester increased by 5.27% 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 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 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 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 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 Leicester since 1995

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

Recent Property Sales in Leicester

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
95 Buckminster Road, Leicester, LE3 9AT£280,000£275,000-£5,00003 Jun 202427 Aug 202485 Days
11 Townsend Close, Leicester, LE4 7RW£250,000£245,000-£5,00030 Apr 202419 Aug 2024111 Days
43 Bulwer Road, Leicester, LE2 3BW£260,000£249,044-£10,95608 Apr 202416 Aug 2024130 Days
6 Edgeley Close, Leicester, LE3 9EX£550,000£510,000-£40,00014 Mar 202416 Aug 2024155 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
21 Huntingdon Road, Leicester, LE4 9GG£365,000£340,000-£25,00028 Dec 202309 Aug 2024225 Days
17 Swallowdale Drive, Leicester, LE4 1EA£230,000£227,000-£3,00011 Apr 202409 Aug 2024120 Days
15 Hazelwood Road, Leicester, LE5 5HR£279,950£166,465-£113,48508 Oct 201909 Aug 20241767 Days
1 Northfold Road, Leicester, LE2 3YG£360,000£348,000-£12,00016 Apr 202409 Aug 2024115 Days
35 Minehead Street, Leicester, LE3 0SH£195,000£193,500-£1,50006 Mar 202408 Aug 2024155 Days
37 Ivy Road, Leicester, LE3 0DF£200,000£197,000-£3,00008 Feb 202406 Aug 2024180 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
36 Heather Road, Leicester, LE2 6DD£225,000£225,000£0009 Apr 202401 Aug 2024114 Days
174 Wintersdale Road, Leicester, LE5 2GN£380,000£320,000-£60,00025 Mar 202431 Jul 2024128 Days
23 Sandhurst Close, Leicester, LE3 6RD£180,000£180,000£0019 Apr 202431 Jul 2024103 Days
27 Tudor Road, Leicester, LE3 5JF£185,000£170,000-£15,00002 Jan 202431 Jul 2024211 Days
10 Seaton Road, Thorpe Astley, Leicester, Leicestershire, LE3 3SU£400,000£390,000-£10,00020 Mar 202431 Jul 2024133 Days
14 Cradock Road, Leicester, LE2 1TD£240,000£236,000-£4,00030 Mar 202429 Jul 2024121 Days

Most Expensive Streets in Leicester

PostcodeStreetAreaAverageNo. of Sales
LE2 3HHKnighton RoadLeicester£977,5003
LE2 3TJSouthernhay RoadLeicester£867,1663
LE2 8PFLutterworth RoadAylestone£851,6663
LE5 6AJLinden DriveLeicester£780,0504
LE5 6HHSpencefield LaneLeicester£767,5003
LE3 8PZWaring CloseGlenfield£767,3333
LE7 9RWThe CopseBushby£751,6663
LE2 2PFMorland AvenueLeicester£727,3124
LE7 9PLMain StreetBushby£720,4378
LE2 2PEMorland AvenueLeicester£720,3754

Least Expensive Streets in Leicester

PostcodeStreetAreaAverageNo. of Sales
LE4 7WALonghurst CloseLeicester£58,0005
LE5 4WNCarrick PointFalmouth Road£62,22711
LE1 3UNNavigation StreetLeicester£62,5844
LE5 0LFVictoria Road EastLeicester£73,3333
LE1 1RBRutland StreetLeicester£73,7005
LE3 0PENarborough RoadLeicester£78,1254
LE5 4WHFalmouth RoadLeicester£79,6005
LE1 3AHLee StreetLeicester£84,8889
LE5 4ETIllingworth RoadLeicester£85,6663
LE1 6WBDuke StreetLeicester£87,2857

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