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Wigston House Prices Wigston House Prices

The average house price in Wigston is £244,571 using HM Land Registry data.

The average property price increased by £64,084 (28.49%) over the last 5 years and increased by £12,811 (4.64%) over the last 12 months.

Over the last year, there were 346 residential property sales – a decrease of 206 transactions (-59.54%) relative to the previous year. The majority of house sales (88) were in the £250,000 - £290,000 range. Then came properties in the £210,000 - £250,000 range, where 77 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 91 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,420 (-2%).

In Oct 24, there were 70 new estate agency instructions, 50 agreed home sales and 36 property price reductions.

Neighbouring Areas: Leicester, Oadby

Postcodes Covered: LE18, LE2

5-Year Average Property Prices in Wigston

28.49%

Property prices in Wigston increased by 28.49% 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 Wigston Over the Last Year

4.64%

Property prices in Wigston increased by 4.64% 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 Wigston - 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 Wigston

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 Wigston

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 Wigston

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 Wigston since 1995

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

Recent Property Sales in Wigston

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Creaton Road, Wigston, Leicestershire, LE18 3XF£190,000£183,000-£7,00022 Jun 202315 Aug 2024420 Days
8 Repton Road, Wigston, Leicestershire, LE18 1GA£250,000£245,000-£5,00025 Mar 202414 Aug 2024142 Days
35 Broughtons Field, Wigston, Leicestershire, LE18 3LJ£200,000£200,000£0017 Mar 202312 Aug 2024514 Days
249 Gloucester Crescent, Wigston, Leicestershire, LE18 4YJ£250,000£250,000£0006 May 202409 Aug 202495 Days
54 Holmden Avenue, Wigston, Leicestershire, LE18 2EF£300,000£295,000-£5,00006 Nov 202331 Jul 2024268 Days
53 Kenilworth Road, Wigston, Leicestershire, LE18 4XS£240,000£237,000-£3,00007 Dec 202329 Jul 2024235 Days
15 Tansley Avenue, Wigston, Leicestershire, LE18 4ND£180,000£180,000£0025 Feb 202426 Jul 2024152 Days
78 Burleigh Avenue, Wigston, Leicestershire, LE18 1FL£230,000£222,000-£8,00003 Feb 202425 Jul 2024173 Days
1 Durham Drive, Wigston, Leicestershire, LE18 4XN£250,000£250,000£0016 Apr 202423 Jul 202498 Days
20 Carey Close, Wigston, Leicestershire, LE18 2RX£240,000£235,000-£5,00016 Jan 202419 Jul 2024185 Days
40 Owston Drive, Wigston, Leicestershire, LE18 2EN£220,000£220,000£0019 Jan 202417 Jul 2024180 Days
39 Northfield Avenue, Wigston, Leicestershire, LE18 1FX£270,000£260,000-£10,00005 Apr 202412 Jul 202498 Days
109 Gloucester Crescent, Wigston, Leicestershire, LE18 4YF£220,000£218,000-£2,00029 Apr 202412 Jul 202474 Days
39 Forryans Close, Wigston, Leicestershire, LE18 3LL£230,000£230,000£0009 Aug 202305 Jul 2024331 Days
4 Woburn Close, Wigston, Leicestershire, LE18 3XB£270,000£257,500-£12,50024 Jan 202427 Jun 2024155 Days
52 Hazelwood Road, Wigston, Leicestershire, LE18 4LS£240,000£240,000£0019 Feb 202421 Jun 2024123 Days
73 Seaton Road, Wigston, Leicestershire, LE18 2BZ£230,000£220,000-£10,00030 Nov 202321 Jun 2024204 Days
10 Harcourt Road, Wigston, Leicestershire, LE18 3SB£270,000£270,000£0016 Jan 202419 Jun 2024155 Days
43 Harrington Road, Wigston, Leicestershire, LE18 3WB£230,000£222,000-£8,00017 Jan 202414 Jun 2024149 Days
35 Barnstaple Close, Wigston, Leicestershire, LE18 2QX£270,000£260,000-£10,00014 Feb 202414 Jun 2024121 Days

Most Expensive Streets in Wigston

PostcodeStreetAreaAverageNo. of Sales
LE18 3YUAshpole SpinneyWigston£544,6208
LE2 5JBThe OvalOadby£534,2147
LE18 3WXOswins ViewWigston£508,8527
LE18 3UYLangham RoadWigston£475,39010
LE18 3YTHurst CloseWigston£474,8839
LE18 3UUClayhill FieldWigston£457,84510
LE18 3ULSeddon RoadWigston£457,63111
LE2 5JFWigston RoadOadby£453,6663
LE18 3YSEuropa RoadWigston£436,12116
LE18 3YNGlaisdale RoadWigston£426,0003

Least Expensive Streets in Wigston

PostcodeStreetAreaAverageNo. of Sales
LE18 4TJBates CourtWigston£70,1663
LE18 4TRJasmine CourtWigston£88,8889
LE18 2NGBushloe CourtBlunts Lane£103,3336
LE18 2DDParlour CourtParlour Close£105,2509
LE18 1ANPenney CloseWigston£106,7857
LE18 2FYAmesbury CourtLaunceston Road£118,0005
LE18 2BQKingswood CourtLong Street, Wigston£127,3128
LE18 4QAIrlam StreetWigston£135,8005
LE18 4PDBassett StreetWigston£143,80010
LE18 4THStation StreetWigston£144,5004

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