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House Prices in LE2

The average house price in LE2 (Leicester) is £300,068 using HM Land Registry data.

The average property price increased by £17,559 (6.01%) over the last 5 years and increased by £3,510 (1.15%) over the last 12 months.

Over the last year, there were 727 residential property sales – a decrease of 407 transactions (-55.98%) relative to the previous year. The majority of house sales (203) were in the £216,000 - £282,000 range. Then came properties in the £150,000 - £216,000 range, where 162 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 177 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,492 (-3%).

In Apr 2026, there were 205 new estate agency instructions, 128 agreed home sales and 136 property price reductions.

5-Year Average Property Prices in LE2 (Leicester)

6.01%

Property prices in LE2 (Leicester) increased by 6.01% 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 LE2 (Leicester) Over the Last Year

1.15%

Property prices in LE2 (Leicester) increased by 1.15% 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 LE2 (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 LE2 (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 LE2 (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 LE2 (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 LE2 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE2 postcode area since 1995.

Recent Sales in LE2 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
224 Welford Road, Leicester, LE2 6BD	£245,000	£240,000	-£5,000	29 Apr 2025	27 Mar 2026	332 Days
38 Cranfield Road, Leicester, LE2 8QQ	£250,000	£240,000	-£10,000	02 Jun 2025	20 Mar 2026	291 Days
31 Scotswood Crescent, Leicester, LE2 9QB	£200,000	£198,000	-£2,000	06 May 2025	20 Mar 2026	318 Days
6 Narrow Lane, Leicester, LE2 8NA	£179,950	£175,000	-£4,950	20 Aug 2025	20 Mar 2026	212 Days
7 Smore Slade Hills, Leicester, LE2 4UX	£475,000	£475,000	£0	24 Oct 2025	17 Mar 2026	144 Days
Flat 3, 32 Stoneycroft, Stoneygate Road, Leicester, LE2 2AD	£97,000	£95,000	-£2,000	27 Jun 2025	16 Mar 2026	262 Days
82 Lamborne Road, Leicester, LE2 6HN	£300,000	£290,000	-£10,000	17 Dec 2025	16 Mar 2026	89 Days
16 Fairstone Hill, Oadby, LE2 5RH	£325,000	£324,000	-£1,000	11 Apr 2025	13 Mar 2026	336 Days
40 Burnaston Road, Leicester, LE2 8QN	£250,000	£250,000	£0	12 Aug 2025	12 Mar 2026	212 Days
44 Cranfield Road, Leicester, LE2 8QQ	£230,000	£230,000	£0	06 Aug 2025	11 Mar 2026	217 Days
12 Woodbank, Leicester, LE2 9QP	£565,000	£550,000	-£15,000	18 Nov 2025	10 Mar 2026	112 Days
129 Knighton Road, Leicester, LE2 3TS	£500,000	£500,000	£0	01 May 2025	06 Mar 2026	309 Days
14 Deancourt Road, Leicester, LE2 6GH	£325,000	£315,500	-£9,500	06 Jan 2026	06 Mar 2026	59 Days
12 Belper Close, Leicester, LE2 5WB	£350,000	£350,000	£0	18 Dec 2025	06 Mar 2026	78 Days
19 Shakespeare Street, Leicester, LE2 7NN	£220,000	£215,000	-£5,000	03 Nov 2025	06 Mar 2026	123 Days
34 Holbrook Road, Leicester, LE2 3LF	£190,000	£190,000	£0	29 Oct 2025	05 Mar 2026	127 Days
140 Glenhills Boulevard, Leicester, LE2 8UE	£260,000	£257,000	-£3,000	01 Oct 2025	04 Mar 2026	154 Days
3 Hermitage Close, Leicester, LE2 5QH	£435,000	£430,000	-£5,000	17 May 2025	27 Feb 2026	286 Days
5 Lansdowne Road, Leicester, LE2 8AS	£290,000	£290,000	£0	31 May 2025	27 Feb 2026	272 Days
61 Brettell Road, Leicester, LE2 9AB	£199,950	£190,000	-£9,950	12 Aug 2025	27 Feb 2026	199 Days

Most Expensive Streets in LE2 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE2 4QX	Chestnut Drive, Stretton Hall	Leicester	£1,013,222	9
LE2 2LT	Southmeads Close	Leicester	£893,333	3
LE2 3TJ	Southernhay Road	Leicester	£867,166	3
LE2 4FE	Manor Close, Oadby	Leicester	£820,000	3
LE2 2RJ	Stoughton Drive South, Oadby	Leicester	£816,875	4
LE2 2DQ	Powys Avenue, Oadby	Leicester	£791,666	3
LE2 4FG	Manor Road Extension, Oadby	Leicester	£779,000	5
LE2 2DB	Bankart Avenue	Leicester	£763,333	3
LE2 4FN	Stoughton Road	Leicester	£743,333	3
LE2 3TN	Southernhay Road	Leicester	£731,250	4

Least Expensive Streets in LE2 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE2 7DN	Primus Edge, Atkins Street, Leicester	Leicester	£68,700	5
LE2 5BF	The Parade	Leicester	£101,500	3
LE2 2BQ	Malvern Court, Malvern Road	Leicester	£104,500	3
LE2 4LZ	St Pauls Close, Oadby	Leicester	£104,500	5
LE2 2AP	Lyndhurst Court, London Road	Leicester	£104,894	7
LE2 2EJ	Lyndwood Court	Leicester	£105,285	7
LE2 0JA	Andover Street	Leicester	£106,000	4
LE2 1ZE	The Hollies, London Road	Leicester	£111,250	4
LE2 0UJ	Pegasus Close	Leicester	£111,666	3
LE2 1ZF	London Road	Leicester	£112,000	8