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Blaby and Whetstone House Prices Blaby and Whetstone House Prices

The average house price in Blaby and Whetstone is £302,888 using HM Land Registry data.

The average property price increased by £78,199 (33.78%) over the last 5 years and increased by £15,629 (5.31%) over the last 12 months.

Over the last year, there were 121 residential property sales – a decrease of 68 transactions (-56.20%) relative to the previous year. The majority of house sales (29) were in the £232,000 - £274,000 range. Then came properties in the £190,000 - £232,000 range, where 24 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 44 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,882 (-2%).

In April 2024, there were 20 new estate agency instructions, 21 agreed home sales and 9 property price reductions.

Neighbouring Areas: Leicester, Countesthorpe

Postcodes Covered: LE19, LE8

5-Year Average Property Prices in Blaby and Whetstone

33.78%

Property prices in Blaby and Whetstone increased by 33.78% 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 Blaby and Whetstone Over the Last Year

5.31%

Property prices in Blaby and Whetstone increased by 5.31% 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 Blaby and Whetstone - April 2024

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 Blaby and Whetstone

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 Blaby and Whetstone

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 Blaby and Whetstone

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 Blaby and Whetstone since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Blaby and Whetstone area since 1995.

Recent Property Sales in Blaby and Whetstone

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Charles Way, Whetstone, Leicester, Leicestershire, LE8 6WA£499,950£470,000-£29,95004 Sep 202314 Dec 2023101 Days
24 Mill Hill Close, Whetstone, Leicester, Leicestershire, LE8 6NF£350,000£345,000-£5,00015 Jul 202311 Dec 2023149 Days
89 Lutterworth Road, Blaby, Leicester, Leicestershire, LE8 4DX£335,000£332,000-£3,00013 Jun 202301 Dec 2023171 Days
41 Brook Street, Whetstone, Leicester, Leicestershire, LE8 6LA£230,000£225,000-£5,00010 Aug 202329 Nov 2023111 Days
1 The Fairway, Blaby, Leicester, Leicestershire, LE8 4EN£295,000£285,000-£10,00020 Sep 202324 Nov 202365 Days
12 Lincoln Drive, Blaby, Leicester, Leicestershire, LE8 4AR£395,000£395,000£0020 Sep 202324 Nov 202365 Days
32 Auburn Road, Blaby, Leicester, Leicestershire, LE8 4DA£349,950£336,000-£13,95006 Jul 202310 Nov 2023127 Days
25 Chester Road, Blaby, Leicester, Leicestershire, LE8 4HB£230,000£230,000£0018 Jul 202309 Nov 2023114 Days
51 Wykeham Close, Blaby, Leicester, Leicestershire, LE8 4HT£145,000£140,000-£5,00015 Jun 202331 Oct 2023138 Days
25 Keswick Road, Blaby, Leicester, Leicestershire, LE8 4AN£275,000£250,000-£25,00028 Feb 202319 Oct 2023233 Days
46 Burnham Drive, Whetstone, Leicester, Leicestershire, LE8 6HY£400,000£370,000-£30,00005 May 202313 Oct 2023161 Days
3 Maura Close, Whetstone, Leicester, Leicestershire, LE8 6BW£265,000£262,500-£2,50006 Jul 202313 Oct 202399 Days
14 Wright Close, Whetstone, Leicester, Leicestershire, LE8 6QZ£450,000£444,000-£6,00026 May 202306 Oct 2023133 Days
11 Bodicoat Close, Whetstone, Leicester, Leicestershire, LE8 6ZN£475,000£465,000-£10,00008 Aug 202206 Oct 2023424 Days
12 Sanderson Close, Whetstone, Leicester, Leicestershire, LE8 6ER£350,000£347,000-£3,00009 Jun 202306 Oct 2023119 Days
24 Chapel Street, Blaby, Leicester, Leicestershire, LE8 4GB£510,000£500,000-£10,00027 Jun 202306 Oct 2023101 Days
6 Phipps Close, Whetstone, Leicester, Leicestershire, LE8 6YN£335,000£323,000-£12,00014 Mar 202306 Oct 2023206 Days
1 Reeves Close, Whetstone, Leicester, Leicestershire, LE8 6YQ£465,000£460,000-£5,00026 Oct 202202 Oct 2023341 Days
5 Keswick Road, Blaby, Leicester, Leicestershire, LE8 4AN£299,950£288,000-£11,95006 Apr 202329 Sep 2023176 Days
19 Lichfield Drive, Blaby, Leicester, Leicestershire, LE8 4AS£399,000£395,000-£4,00016 Jun 202329 Sep 2023105 Days

Most Expensive Streets in Blaby and Whetstone

PostcodeStreetAreaAverageNo. of Sales
LE8 4GGHall Farm CloseBlaby£627,1878
LE8 6PFBarley CloseWhetstone£488,4513
LE8 6YQReeves CloseWhetstone£417,5624
LE8 4FUWigston RoadBlaby£415,0004
LE8 4DHGrove RoadBlaby£395,5005
LE8 4GBChapel StreetBlaby£385,1878
LE8 6QZWright CloseWhetstone£384,7836
LE8 6QYFranklin WayWhetstone£381,1663
LE8 6PLHenson CloseWhetstone£373,7504
LE8 4GWThe AvenueBlaby£353,3336

Least Expensive Streets in Blaby and Whetstone

PostcodeStreetAreaAverageNo. of Sales
LE8 6JZGarratt SquareWhetstone£68,0003
LE8 6ZHWinterburn GardensWhetstone£132,96816
LE8 4HTWykeham CloseBlaby£138,4003
LE8 4HWOrchard MewsSycamore Street, Blaby£138,6077
LE8 4EGQueens RoadBlaby£139,3163
LE8 4JDSkippers CloseBlaby£154,1663
LE8 4EHQueens RoadBlaby£154,4287
LE8 6HUSpinney HaltWhetstone£160,2857
LE8 6NZShenton CloseWhetstone£166,6878
LE8 4GTNew StreetBlaby£172,1663

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