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House Prices in LE8 House Prices in LE8 (Leicester)

The average house price in LE8 (Leicester) is £370,892 using HM Land Registry data.

The average property price increased by £30,500 (23.18%) over the last 5 years and increased by £6,096 (3.57%) over the last 12 months.

Over the last year, there were 406 residential property sales – a decrease of 108 transactions (-26.60%) relative to the previous year. The majority of house sales (128) were in the £248,000 - £316,000 range. Then came properties in the £180,000 - £248,000 range, where 96 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 59 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,857 (-3%).

In May 2025, there were 78 new estate agency instructions, 82 agreed home sales and 62 property price reductions.

Nearby Postcodes: CV13, CV23, LE1, LE10, LE12, LE14, LE15, LE16, LE17, LE18, LE19, LE2, LE21, LE3, LE4, LE5, LE55, LE6, LE67, LE7, LE87, LE9, NN14, NN17, NN18, NN6

5-Year Average Property Prices in LE8 (Leicester)

23.18%

Property prices in LE8 (Leicester) increased by 23.18% 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 LE8 (Leicester) Over the Last Year

3.57%

Property prices in LE8 (Leicester) increased by 3.57% 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 LE8 (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 LE8 (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 LE8 (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 LE8 (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 LE8 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE8 postcode area since 1995.

Recent Sales in LE8 (Leicester)

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
106 Gwendoline Drive, Countesthorpe, Leicester, Leicestershire, LE8 5SG£277,500£273,000-£4,50015 Nov 202420 Feb 202597 Days
36 Cambridge Road, Whetstone, Leicester, Leicestershire, LE8 6LG£174,950£170,000-£4,95026 Sep 202413 Feb 2025140 Days
11 Cherry Grove, Great Glen, Leicester, Leicestershire, LE8 9ES£250,000£235,000-£15,00011 Sep 202407 Feb 2025149 Days
16 Crossleys, Fleckney, Leicester, Leicestershire, LE8 8BY£280,000£277,000-£3,00010 Sep 202404 Feb 2025147 Days
67 Lutterworth Road, Blaby, Leicester, Leicestershire, LE8 4DW£335,000£330,000-£5,00012 Sep 202424 Jan 2025134 Days
15 Stonehill Drive, Great Glen, Leicester, Leicestershire, LE8 9EL£250,000£245,000-£5,00002 Sep 202423 Jan 2025143 Days
21 Wheatlands Drive, Countesthorpe, Leicester, Leicestershire, LE8 5RT£215,000£208,000-£7,00027 Aug 202420 Jan 2025146 Days
20 Arran Way, Countesthorpe, Leicester, Leicestershire, LE8 5TT£305,000£295,000-£10,00017 Aug 202417 Jan 2025153 Days
3 Disraeli Close, Kibworth Beauchamp, Leicester, Leicestershire, LE8 0JN£240,000£233,000-£7,00013 Aug 202403 Jan 2025143 Days
1 Sunbury Rise, Countesthorpe, Leicester, Leicestershire, LE8 5XP£369,950£365,000-£4,95016 Sep 202403 Jan 2025109 Days
16b, St Thomass Road, Great Glen, Leicester, Leicestershire, LE8 9EH£300,000£300,000£004 Oct 202418 Dec 202475 Days
72 Rosebank Road, Countesthorpe, Leicester, Leicestershire, LE8 5QY£310,000£295,000-£15,00025 Sep 202418 Dec 202484 Days
15 Iona Way, Countesthorpe, Leicester, Leicestershire, LE8 5WW£265,000£260,000-£5,00007 Jun 202418 Dec 2024194 Days
21 Winterburn Gardens, Whetstone, Leicester, Leicestershire, LE8 6ZH£149,950£145,000-£4,95001 Apr 202411 Dec 2024254 Days
34 Southway, Blaby, Leicester, Leicestershire, LE8 4BB£300,000£298,000-£2,00016 Sep 202406 Dec 202481 Days
9 Laurel Road, Blaby, Leicester, Leicestershire, LE8 4DL£310,000£307,500-£2,50013 Sep 202404 Dec 202482 Days
21 Fox Covert, Whetstone, Leicester, Leicestershire, LE8 6ZY£289,950£287,000-£2,95001 May 202402 Dec 2024215 Days
34 Hallcroft Avenue, Countesthorpe, Leicester, Leicestershire, LE8 5SL£320,000£312,500-£7,50018 May 202429 Nov 2024195 Days
29 Victoria Road, Whetstone, Leicester, Leicestershire, LE8 6JY£240,000£237,000-£3,00019 Sep 202425 Nov 202467 Days
9 Pinewood Close, Countesthorpe, Leicester, Leicestershire, LE8 5TS£235,000£231,250-£3,75020 Aug 202422 Nov 202494 Days

Most Expensive Streets in LE8 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE8 9DABeadswell LaneLeicester£1,045,0003
LE8 9EZOld Mill CloseLeicester£944,1666
LE8 0PSHardwick Drive, ShangtonLeicester£878,07613
LE8 4HNWinchester RoadLeicester£860,0003
LE8 5USSchool LaneLeicester£860,0003
LE8 9FLLondon RoadLeicester£854,3333
LE8 0QLMill LaneLeicester£852,1005
LE8 9FHGlen RoadLeicester£802,7147
LE8 9FXMeadow Hill, Great GlenLeicester£788,7504
LE8 5UAWilloughby RoadLeicester£777,1878

Least Expensive Streets in LE8 (Leicester)

PostcodeStreetAreaAverageNo. of Sales
LE8 8UPByron Court, Byron CloseLeicester£105,9005
LE8 8DQRusset House, Orchard Street, LeicesterLeicester£123,6254
LE8 5LZThe VineriesLeicester£130,5003
LE8 6ZHWinterburn GardensLeicester£132,06615
LE8 4HTWykeham CloseLeicester£138,4003
LE8 9ENStonehill CourtLeicester£139,1666
LE8 4EGQueens RoadLeicester£139,3163
LE8 4HWOrchard Mews, Sycamore Street, LeicesterLeicester£141,3756
LE8 0RZOld School CourtLeicester£141,6663
LE8 6HUSpinney HaltLeicester£145,3005

Explore LE8 (Leicester) using map

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