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House Prices in LE1

The average house price in LE1 (Leicester) is £82,500 using HM Land Registry data.

The average property price decreased by £20,004 (-12.67%) over the last 5 years and decreased by £3,999 (-2.82%) over the last 12 months.

Over the last year, there were 37 residential property sales – a decrease of 24 transactions (-64.86%) relative to the previous year. The majority of house sales (15) were in the £70,000 - £106,000 range. Then came properties in the £106,000 - £142,000 range, where 10 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 110 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-7,776 (-6%).

In Apr 2026, there were 19 new estate agency instructions, 15 agreed home sales and 43 property price reductions.

5-Year Average Property Prices in LE1 (Leicester)

-12.67%

Property prices in LE1 (Leicester) decreased by -12.67% 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 LE1 (Leicester) Over the Last Year

-2.82%

Property prices in LE1 (Leicester) decreased by -2.82% 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 LE1 (Leicester) - Apr 2026

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 LE1 (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 LE1 (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 LE1 (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 LE1 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE1 postcode area since 1995.

Recent Sales in LE1 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
Apartment 35, 3, Colton Square, Leicester, LE1 1QH	£117,000	£117,000	£0	16 Jul 2025	15 Jan 2026	183 Days
Flat 202, 5 The Exchange, Lee Street, Leicester, LE1 3AH	£82,500	£70,000	-£12,500	09 Jun 2025	03 Dec 2025	177 Days
Apartment 27, 47 Alexandra House, Rutland Street, Leicester, LE1 1SE	£100,000	£94,000	-£6,000	14 Mar 2025	20 Nov 2025	251 Days
Apartment 509, 20 Metropolitan Apartments, Lee Circle, Leicester, LE1 3RF	£105,000	£95,000	-£10,000	12 Mar 2025	08 Aug 2025	149 Days
Flat 21, 5 The Chimney, Junior Street, Leicester, LE1 4QD	£110,000	£110,000	£0	05 Nov 2024	04 Jul 2025	241 Days
Apartment 6, 79, Princess Road East, Leicester, LE1 7DQ	£250,000	£244,845	-£5,155	19 Nov 2024	20 Jun 2025	213 Days
Flat 413, 5 The Exchange, Lee Street, Leicester, LE1 3AJ	£80,000	£72,000	-£8,000	19 Jul 2024	23 May 2025	308 Days
Flat 14, 1 Sanvey Mill, Junior Street, Leicester, LE1 4QB	£140,000	£135,000	-£5,000	07 Oct 2024	21 Mar 2025	165 Days

Most Expensive Streets in LE1 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE1 6XL	West Street	Leicester	£356,833	3
LE1 7QR	Salisbury Road	Leicester	£338,125	4
LE1 7DW	Princess Road East	Leicester	£304,625	4
LE1 6HB	Wellington Street	Leicester	£230,000	9
LE1 6GF	Albion Street	Leicester	£213,875	4
LE1 7GB	De Montfort Street	Leicester	£203,333	3
LE1 1RG	Queen Street	Leicester	£190,750	4
LE1 1LB	The Foister Building, Charles Street, Leicester	Leicester	£182,500	8
LE1 3NJ	Woodboy Street	Leicester	£182,000	3
LE1 6RN	King Street	Leicester	£168,541	12

Least Expensive Streets in LE1 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE1 3UN	Navigation Street	Leicester	£71,467	5
LE1 3UJ	Navigation Street	Leicester	£75,200	5
LE1 3AH	Lee Street	Leicester	£80,136	11
LE1 3AJ	Lee Street	Leicester	£87,222	9
LE1 6WB	Duke Street	Leicester	£88,750	4
LE1 1SQ	Rutland Street	Leicester	£94,000	5
LE1 1SE	Rutland Street	Leicester	£98,375	4
LE1 5TS	York Road	Leicester	£99,000	4
LE1 4QD	Junior Street	Leicester	£100,500	4
LE1 3RF	Metropolitan Apartments, Lee Circle	Leicester	£100,625	8