House Prices in LE3 House Prices in LE3 (Leicester)

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.

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 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)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
17 Hardie Crescent, Leicester, Leicestershire, LE3 3DQ£280,000£280,000£007 Nov 202425 Feb 2025110 Days
27 Vyner Close, Thorpe Astley, Leicester, Leicestershire, LE3 3EJ£249,950£249,950£012 Sep 202412 Feb 2025153 Days
55 Haskell Close, Thorpe Astley, Leicester, Leicestershire, LE3 3UA£325,000£325,000£001 Aug 202407 Feb 2025190 Days
42 The Osiers, Leicester, Leicestershire, LE3 2XN£390,000£390,000£005 Aug 202406 Feb 2025185 Days
2 Kingfisher Close, Leicester Forest East, Leicester, Leicestershire, LE3 3NS£400,000£392,000-£8,00007 Nov 202431 Jan 202585 Days
37 Caldecote Road, Leicester, LE3 1GJ£220,000£215,000-£5,00012 Aug 202431 Jan 2025172 Days
19 Stuart Street, Leicester, LE3 0DU£230,000£230,000£014 Aug 202431 Jan 2025170 Days
39 Ledwell Drive, Glenfield, Leicester, Leicestershire, LE3 8BG£260,000£250,000-£10,00015 Aug 202431 Jan 2025169 Days
17 Tillett Road, Thorpe Astley, Leicester, Leicestershire, LE3 3RD£300,000£292,000-£8,00004 Sep 202431 Jan 2025149 Days
3 Victor Road, Glenfield, Leicester, Leicestershire, LE3 8AS£275,000£260,000-£15,00018 Jul 202431 Jan 2025197 Days
104 Glenfield Frith Drive, Glenfield, Leicester, Leicestershire, LE3 8PS£275,000£272,500-£2,50012 Aug 202417 Jan 2025158 Days
97 Central Road, Leicester, LE3 5EJ£170,000£165,000-£5,00030 Sep 202415 Jan 2025107 Days
15a, Stamford Street, Glenfield, Leicester, Leicestershire, LE3 8DL£320,000£304,000-£16,00005 Apr 202415 Jan 2025285 Days
46 Overdale Avenue, Glenfield, Leicester, Leicestershire, LE3 8GP£299,950£290,000-£9,95025 Jun 202415 Jan 2025204 Days
9 Carnation Close, Leicester Forest East, Leicester, Leicestershire, LE3 3QU£400,000£400,000£017 Aug 202410 Jan 2025146 Days
26 Winchester Avenue, Leicester, LE3 1AU£260,000£259,000-£1,00027 Oct 202410 Jan 202575 Days
30 Lambert Road, Leicester, LE3 2AG£160,000£155,000-£5,00024 Jul 202420 Dec 2024149 Days
2 Ellesmere Place, Leicester, LE3 1BD£260,000£260,000£013 Aug 202420 Dec 2024129 Days
2 Sandhurst Gardens, Leicester, LE3 6RF£225,000£210,000-£15,00018 Sep 202420 Dec 202493 Days
26 Culver Road, Leicester, LE3 9BH£230,000£207,900-£22,10003 Jun 202418 Dec 2024198 Days

Most Expensive Streets in LE3 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE3 8PZWaring CloseLeicester£767,3333
LE3 8EJFairefield CrescentLeicester£641,6666
LE3 8GTStation RoadLeicester£596,7857
LE3 8PUGlenfield Frith DriveLeicester£593,6663
LE3 3NUForest House LaneLeicester£561,6666
LE3 8EHFairefield CrescentLeicester£542,5004
LE3 9QWLady Hay RoadLeicester£523,3333
LE3 3JTHinckley RoadLeicester£502,9005
LE3 8JWSpencer CloseLeicester£492,0003
LE3 3QUCarnation CloseLeicester£483,3577

Least Expensive Streets in LE3 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE3 0PENarborough RoadLeicester£78,1254
LE3 6ULFulford RoadLeicester£84,3333
LE3 5RTFosse Road NorthLeicester£93,4105
LE3 6DQDenis CloseLeicester£94,5004
LE3 2TYSwithland Court, PinfoldLeicester£100,1005
LE3 5ERSt Nicholas Apartments, Fosse Road NorthLeicester£107,9005
LE3 0TRHinckley RoadLeicester£109,6878
LE3 8BYStephenson CourtLeicester£115,1663
LE3 0GRWestern RoadLeicester£116,3333
LE3 0LASykefield AvenueLeicester£118,6663

Explore LE3 (Leicester) using map

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