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House Prices in LE3

The average house price in LE3 (Leicester) is £266,188 using HM Land Registry data.

The average property price increased by £38,577 (39.55%) over the last 5 years and increased by £7,710 (5.47%) over the last 12 months.

Over the last year, there were 708 residential property sales – a decrease of 84 transactions (-11.86%) relative to the previous year. The majority of house sales (165) were in the £238,000 - £282,000 range. Then came properties in the £194,000 - £238,000 range, where 145 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 51 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,341 (-3%).

In May 2025, there were 138 new estate agency instructions, 141 agreed home sales and 98 property price reductions.

5-Year Average Property Prices in LE3 (Leicester)

39.55%

Property prices in LE3 (Leicester) increased by 39.55% 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 LE3 (Leicester) Over the Last Year

5.47%

Property prices in LE3 (Leicester) increased by 5.47% 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 LE3 (Leicester) - May 2025

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 41 to 60 days, the broad evidence suggests that the market is reasonably slow moving. Although some sellers in your postcode may be willing to wait up to 9 weeks, this data would suggest that estate agents may be overvaluing properties. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in 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 LE3 (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 LE3 (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 LE3 (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 LE3 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE3 postcode area since 1995.

Recent Sales in LE3 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
17 Hardie Crescent, Leicester, Leicestershire, LE3 3DQ	£280,000	£280,000	£0	07 Nov 2024	25 Feb 2025	110 Days
27 Vyner Close, Thorpe Astley, Leicester, Leicestershire, LE3 3EJ	£249,950	£249,950	£0	12 Sep 2024	12 Feb 2025	153 Days
55 Haskell Close, Thorpe Astley, Leicester, Leicestershire, LE3 3UA	£325,000	£325,000	£0	01 Aug 2024	07 Feb 2025	190 Days
42 The Osiers, Leicester, Leicestershire, LE3 2XN	£390,000	£390,000	£0	05 Aug 2024	06 Feb 2025	185 Days
2 Kingfisher Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NS	£400,000	£392,000	-£8,000	07 Nov 2024	31 Jan 2025	85 Days
37 Caldecote Road, Leicester, LE3 1GJ	£220,000	£215,000	-£5,000	12 Aug 2024	31 Jan 2025	172 Days
19 Stuart Street, Leicester, LE3 0DU	£230,000	£230,000	£0	14 Aug 2024	31 Jan 2025	170 Days
39 Ledwell Drive, Glenfield, Leicester, Leicestershire, LE3 8BG	£260,000	£250,000	-£10,000	15 Aug 2024	31 Jan 2025	169 Days
17 Tillett Road, Thorpe Astley, Leicester, Leicestershire, LE3 3RD	£300,000	£292,000	-£8,000	04 Sep 2024	31 Jan 2025	149 Days
3 Victor Road, Glenfield, Leicester, Leicestershire, LE3 8AS	£275,000	£260,000	-£15,000	18 Jul 2024	31 Jan 2025	197 Days
104 Glenfield Frith Drive, Glenfield, Leicester, Leicestershire, LE3 8PS	£275,000	£272,500	-£2,500	12 Aug 2024	17 Jan 2025	158 Days
97 Central Road, Leicester, LE3 5EJ	£170,000	£165,000	-£5,000	30 Sep 2024	15 Jan 2025	107 Days
15a, Stamford Street, Glenfield, Leicester, Leicestershire, LE3 8DL	£320,000	£304,000	-£16,000	05 Apr 2024	15 Jan 2025	285 Days
46 Overdale Avenue, Glenfield, Leicester, Leicestershire, LE3 8GP	£299,950	£290,000	-£9,950	25 Jun 2024	15 Jan 2025	204 Days
9 Carnation Close, Leicester Forest East, Leicester, Leicestershire, LE3 3QU	£400,000	£400,000	£0	17 Aug 2024	10 Jan 2025	146 Days
26 Winchester Avenue, Leicester, LE3 1AU	£260,000	£259,000	-£1,000	27 Oct 2024	10 Jan 2025	75 Days
30 Lambert Road, Leicester, LE3 2AG	£160,000	£155,000	-£5,000	24 Jul 2024	20 Dec 2024	149 Days
2 Ellesmere Place, Leicester, LE3 1BD	£260,000	£260,000	£0	13 Aug 2024	20 Dec 2024	129 Days
2 Sandhurst Gardens, Leicester, LE3 6RF	£225,000	£210,000	-£15,000	18 Sep 2024	20 Dec 2024	93 Days
26 Culver Road, Leicester, LE3 9BH	£230,000	£207,900	-£22,100	03 Jun 2024	18 Dec 2024	198 Days

Most Expensive Streets in LE3 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE3 8PZ	Waring Close	Leicester	£767,333	3
LE3 8EJ	Fairefield Crescent	Leicester	£641,666	6
LE3 8GT	Station Road	Leicester	£596,785	7
LE3 8PU	Glenfield Frith Drive	Leicester	£593,666	3
LE3 3NU	Forest House Lane	Leicester	£561,666	6
LE3 8EH	Fairefield Crescent	Leicester	£542,500	4
LE3 9QW	Lady Hay Road	Leicester	£523,333	3
LE3 3JT	Hinckley Road	Leicester	£502,900	5
LE3 8JW	Spencer Close	Leicester	£492,000	3
LE3 3QU	Carnation Close	Leicester	£483,357	7

Least Expensive Streets in LE3 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE3 0PE	Narborough Road	Leicester	£78,125	4
LE3 6UL	Fulford Road	Leicester	£84,333	3
LE3 5RT	Fosse Road North	Leicester	£93,410	5
LE3 6DQ	Denis Close	Leicester	£94,500	4
LE3 2TY	Swithland Court, Pinfold	Leicester	£100,100	5
LE3 5ER	St Nicholas Apartments, Fosse Road North	Leicester	£107,900	5
LE3 0TR	Hinckley Road	Leicester	£109,687	8
LE3 8BY	Stephenson Court	Leicester	£115,166	3
LE3 0GR	Western Road	Leicester	£116,333	3
LE3 0LA	Sykefield Avenue	Leicester	£118,666	3