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Leicester Forest East and Kirby Muxloe House Prices Leicester Forest East and Kirby Muxloe House Prices

The average house price in Leicester Forest East and Kirby Muxloe is £356,030 using HM Land Registry data.

The average property price increased by £93,558 (33.47%) over the last 5 years and increased by £18,703 (5.28%) over the last 12 months.

Over the last year, there were 182 residential property sales – a decrease of 134 transactions (-73.63%) relative to the previous year. The majority of house sales (58) were in the £210,000 - £280,000 range. Then came properties in the £280,000 - £350,000 range, where 42 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,600 (-2%).

In Oct 24, there were 37 new estate agency instructions, 25 agreed home sales and 30 property price reductions.

Neighbouring Areas: Leicester

Postcodes Covered: LE19, LE3, LE9

5-Year Average Property Prices in Leicester Forest East and Kirby Muxloe

33.47%

Property prices in Leicester Forest East and Kirby Muxloe increased by 33.47% 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 Forest East and Kirby Muxloe Over the Last Year

5.28%

Property prices in Leicester Forest East and Kirby Muxloe increased by 5.28% 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 Forest East and Kirby Muxloe - 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 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 Leicester Forest East and Kirby Muxloe

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 Forest East and Kirby Muxloe

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 Forest East and Kirby Muxloe

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 Forest East and Kirby Muxloe since 1995

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

Recent Property Sales in Leicester Forest East and Kirby Muxloe

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
20 Maytree Drive, Kirby Muxloe, Leicester, Leicestershire, LE9 2LP£390,000£370,000-£20,00002 Jan 202407 Aug 2024218 Days
3 Bluebell Close, Kirby Muxloe, Leicester, Leicestershire, LE9 2AW£175,000£172,000-£3,00007 Jun 202401 Aug 202455 Days
6 Blue Pots Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NH£415,000£407,500-£7,50024 Jan 202426 Jul 2024184 Days
45 Pleasant Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NG£285,000£280,000-£5,00029 Feb 202402 Jul 2024124 Days
14 Wolsey Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NE£220,000£205,000-£15,00022 Jan 202428 Jun 2024158 Days
9 Highland Avenue, Kirby Muxloe, Leicester, Leicestershire, LE9 2HU£425,000£420,000-£5,00004 Dec 202328 Jun 2024207 Days
5 Kings Walk, Leicester Forest East, Leicester, Leicestershire, LE3 3JP£290,000£290,000£0023 Nov 202325 Jun 2024215 Days
54 Priory Walk, Leicester Forest East, Leicester, Leicestershire, LE3 3PP£260,000£260,000£0015 Feb 202421 Jun 2024127 Days
21 Barons Close, Kirby Muxloe, Leicester, Leicestershire, LE9 2BW£299,950£289,900-£10,05013 Jan 202418 Jun 2024157 Days
36 Carnation Close, Leicester Forest East, Leicester, Leicestershire, LE3 3QU£425,000£412,000-£13,00018 Jan 202414 Jun 2024148 Days
22 Hewitt Drive, Kirby Muxloe, Leicester, Leicestershire, LE9 2EB£350,000£325,000-£25,00009 Aug 202314 Jun 2024310 Days
407 Ratby Lane, Kirby Muxloe, Leicester, Leicestershire, LE9 2AQ£500,000£500,000£0031 Oct 202305 Jun 2024218 Days
30 Holmfield Avenue East, Leicester, Leicestershire, LE3 3FD£330,000£330,000£0009 Oct 202303 Jun 2024238 Days
1 Linden Lane, Kirby Muxloe, Leicester, Leicestershire, LE9 2EG£550,000£542,500-£7,50021 Dec 202317 May 2024148 Days
48 Kings Drive, Leicester Forest East, Leicester, Leicestershire, LE3 3JB£270,000£260,000-£10,00027 Sep 202310 May 2024226 Days
9 Hewitt Drive, Kirby Muxloe, Leicester, Leicestershire, LE9 2EB£425,000£410,000-£15,00031 Oct 202316 Apr 2024168 Days
50 Barbara Avenue, Kirby Muxloe, Leicester, Leicestershire, LE9 2HD£325,000£320,000-£5,00023 Oct 202316 Apr 2024176 Days
29 Kirloe Avenue, Leicester Forest East, Leicester, Leicestershire, LE3 3LA£300,000£300,000£0015 Sep 202315 Apr 2024213 Days
11 Blue Pots Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NH£350,000£330,000-£20,00005 Jul 202312 Apr 2024282 Days
7 Rushmere Walk, Leicester Forest East, Leicester, Leicestershire, LE3 3PE£210,000£205,000-£5,00004 Nov 202328 Mar 2024145 Days

Most Expensive Streets in Leicester Forest East and Kirby Muxloe

PostcodeStreetAreaAverageNo. of Sales
LE9 2ERStamford RoadKirby Muxloe£1,418,7504
LE9 2EAForest DriveKirby Muxloe£775,5559
LE9 2EGLinden LaneKirby Muxloe£679,3754
LE9 2HQForest RiseKirby Muxloe£590,4287
LE9 2DWBarry CloseKirby Muxloe£589,83113
LE9 2EWTowers DriveKirby Muxloe£578,0005
LE3 3JTHinckley RoadLeicester Forest East£570,6254
LE9 2BABarns CloseKirby Muxloe£562,8005
LE3 3NUForest House LaneLeicester Forest East£561,6666
LE9 2BXThe HuntingsKirby Muxloe£550,0003

Least Expensive Streets in Leicester Forest East and Kirby Muxloe

PostcodeStreetAreaAverageNo. of Sales
LE9 2BUBarons CourtBarons Close£118,8577
LE3 3GZWilloughby GardensLeicester Forest East£151,1254
LE9 2AFFarley WayKirby Muxloe£190,3754
LE9 2AWBluebell CloseKirby Muxloe£191,3505
LE3 3JQChapel GreenLeicester Forest East£196,5006
LE9 2AXPrimrose WayKirby Muxloe£198,3333
LE9 2HFBarry CloseKirby Muxloe£204,5006
LE3 3QPPacker AvenueLeicester Forest East£205,0003
LE3 3PLBeechwood AvenueLeicester Forest East£205,48611
LE3 3FPPark DriveLeicester Forest East£206,5624

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