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House Prices in LE5

The average house price in LE5 (Leicester) is £251,316 using HM Land Registry data.

The average property price increased by £33,398 (11.88%) over the last 5 years and increased by £6,677 (2.17%) over the last 12 months.

Over the last year, there were 396 residential property sales – a decrease of 139 transactions (-35.10%) relative to the previous year. The majority of house sales (125) were in the £238,000 - £292,000 range. Then came properties in the £292,000 - £346,000 range, where 62 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 88 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-11,261 (-3%).

In Jun 2026, there were 94 new estate agency instructions, 73 agreed home sales and 69 property price reductions.

5-Year Average Property Prices in LE5 (Leicester)

11.88%

Property prices in LE5 (Leicester) increased by 11.88% 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 LE5 (Leicester) Over the Last Year

2.17%

Property prices in LE5 (Leicester) increased by 2.17% 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 LE5 (Leicester) - Jun 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 LE5 (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 LE5 (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 LE5 (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 LE5 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE5 postcode area since 1995.

Recent Sales in LE5 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
196 Mere Road, Leicester, LE5 5GN	£270,000	£260,500	-£9,500	02 Jun 2025	22 Apr 2026	324 Days
20 Kinross Avenue, Leicester, LE5 2LQ	£205,000	£182,500	-£22,500	19 Sep 2025	16 Apr 2026	209 Days
80 Fairfield Street, Leicester, LE5 5BG	£250,000	£250,000	£0	30 Dec 2025	16 Apr 2026	107 Days
31 Fastnet Road, Leicester, LE5 2PP	£259,950	£255,000	-£4,950	12 Sep 2025	27 Mar 2026	196 Days
34 Oak Street, Leicester, LE5 0ET	£215,000	£210,000	-£5,000	07 Oct 2025	27 Mar 2026	171 Days
6 Crayford Way, Leicester, LE5 1RJ	£190,000	£188,000	-£2,000	12 Sep 2025	27 Mar 2026	196 Days
40 Peters Drive, Leicester, LE5 2AN	£260,000	£251,000	-£9,000	09 Oct 2025	26 Mar 2026	168 Days
Flat 9, 23 Davenport Grange, Davenport Road, Leicester, LE5 6SD	£125,000	£125,000	£0	19 Nov 2025	24 Mar 2026	125 Days
7 Kestrel Close, Leicester, LE5 3FR	£270,000	£266,000	-£4,000	18 Dec 2025	13 Mar 2026	85 Days
82 Thurncourt Road, Leicester, LE5 2NF	£210,000	£210,000	£0	06 Nov 2025	05 Mar 2026	119 Days
42 Hextall Road, Leicester, LE5 6AF	£340,000	£335,000	-£5,000	03 Oct 2025	05 Mar 2026	153 Days
7 Rockery Close, Leicester, LE5 4DQ	£410,000	£410,000	£0	30 Jul 2025	02 Mar 2026	215 Days
45 Barbara Avenue, Leicester, LE5 2AD	£275,000	£275,000	£0	15 Jan 2026	27 Feb 2026	43 Days
5 Brocklesby Way, Leicester, LE5 1LB	£230,000	£220,000	-£10,000	20 Jul 2025	27 Feb 2026	222 Days
62 Perkyn Road, Leicester, LE5 2EW	£250,000	£250,000	£0	11 Nov 2025	27 Feb 2026	108 Days
32 Gelert Avenue, Leicester, LE5 2NS	£250,000	£235,000	-£15,000	12 Nov 2025	27 Feb 2026	107 Days
16 Kinsley Road, Leicester, LE5 1GL	£310,000	£295,000	-£15,000	08 Aug 2025	26 Feb 2026	202 Days
235 Mere Road, Leicester, LE5 5GR	£275,000	£265,000	-£10,000	26 Sep 2025	20 Feb 2026	147 Days
51 Moulton Road, Leicester, LE5 1BS	£269,000	£269,000	£0	31 Mar 2025	13 Feb 2026	319 Days
25 Saxthorpe Road, Leicester, LE5 1PT	£415,000	£400,000	-£15,000	19 Aug 2025	10 Feb 2026	175 Days

Most Expensive Streets in LE5 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE5 6AJ	Linden Drive	Leicester	£851,300	4
LE5 6HH	Spencefield Lane	Leicester	£814,375	4
LE5 6HF	Spencefield Lane	Leicester	£568,125	4
LE5 6HT	Uppingham Close	Leicester	£550,000	3
LE5 6LG	Delaware Road	Leicester	£539,167	3
LE5 6GG	Spencefield Lane	Leicester	£498,000	4
LE5 5RD	Highway Road	Leicester	£486,666	3
LE5 1AR	Tennis Court Drive	Leicester	£463,000	4
LE5 5WA	Coplow Avenue	Leicester	£462,910	5
LE5 2BE	Uppingham Road	Leicester	£460,833	3

Least Expensive Streets in LE5 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE5 4WN	Carrick Point, Falmouth Road	Leicester	£56,200	10
LE5 4ET	Illingworth Road	Leicester	£85,666	3
LE5 4QE	Rainworth Road	Leicester	£90,300	5
LE5 1EG	Hotoft Road	Leicester	£95,222	9
LE5 1EF	Hotoft Road	Leicester	£107,807	13
LE5 0TL	Grosvenor Gate	Leicester	£112,525	22
LE5 3GW	St Georges Mill, Humberstone Road	Leicester	£117,862	4
LE5 4LP	Coleman Close	Leicester	£126,250	4
LE5 1PL	Sandhills Avenue	Leicester	£132,897	17
LE5 1EZ	Keld Drive	Leicester	£135,500	4