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Groby House Prices Groby House Prices

The average house price in Groby is £333,333 using HM Land Registry data.

The average property price increased by £82,543 (34.05%) over the last 5 years and increased by £16,497 (5.35%) over the last 12 months.

Over the last year, there were 57 residential property sales – a decrease of 30 transactions (-52.63%) relative to the previous year. The majority of house sales (13) were in the £232,000 - £294,000 range. Then came properties in the £294,000 - £356,000 range, where 11 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 37 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-20,739 (-5%).

In April 2024, there were 6 new estate agency instructions, 14 agreed home sales and 9 property price reductions.

Postcodes Covered: LE6

5-Year Average Property Prices in Groby

34.05%

Property prices in Groby increased by 34.05% 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 Groby Over the Last Year

5.35%

Property prices in Groby increased by 5.35% 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 Groby - 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 21 to 40 days, the broad evidence suggests that properties are selling reasonably quickly after being initially advertised and the market is reasonably healthy. If you are prepared to wait to up to 6 weeks, and you are sure that your property is priced realistically, you should get an offer within this timeframe.

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 Groby

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 Groby

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 Groby

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 Groby since 1995

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

Recent Property Sales in Groby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
3 Poppy Close, Groby, Leicester, Leicestershire, LE6 0DZ£250,000£250,000£0012 Jan 202401 Mar 202449 Days
1 Cedar Court, Groby, Leicester, Leicestershire, LE6 0ET£350,000£350,000£0028 Nov 202316 Feb 202480 Days
188 Leicester Road, Groby, Leicester, Leicestershire, LE6 0DP£325,000£300,000-£25,00025 Jul 202305 Feb 2024195 Days
10 Meadow Court Road, Groby, Leicester, Leicestershire, LE6 0DW£320,000£300,000-£20,00011 Oct 202312 Jan 202493 Days
22 Oakmeadow Way, Groby, Leicester, Leicestershire, LE6 0YN£255,000£255,000£0012 Sep 202305 Jan 2024115 Days
14 Hilary Crescent, Groby, Leicester, Leicestershire, LE6 0BG£190,000£190,000£0024 Oct 202304 Jan 202472 Days
33 Lawnwood Road, Groby, Leicester, Leicestershire, LE6 0BH£360,000£360,000£0028 Jul 202312 Dec 2023137 Days
10 Wolsey Close, Groby, Leicester, Leicestershire, LE6 0ZA£240,000£230,000-£10,00001 Aug 202304 Dec 2023125 Days
42 Carmen Grove, Groby, Leicester, Leicestershire, LE6 0BA£300,000£300,000£0029 Jun 202330 Nov 2023154 Days
30 Ratby Road, Groby, Leicester, Leicestershire, LE6 0GG£230,000£224,000-£6,00022 Aug 202330 Nov 2023100 Days
29 Windsor Avenue, Groby, Leicester, Leicestershire, LE6 0YF£185,000£175,000-£10,00018 Feb 202324 Nov 2023279 Days
60 Windsor Avenue, Groby, Leicester, Leicestershire, LE6 0YF£177,500£172,000-£5,50012 Sep 202317 Nov 202366 Days
55 Sycamore Drive, Groby, Leicester, Leicestershire, LE6 0EW£325,000£319,000-£6,00026 Jun 202324 Oct 2023120 Days
60 Leicester Road, Groby, Leicester, Leicestershire, LE6 0DJ£340,000£340,000£0021 Jun 202320 Oct 2023121 Days
3 Lancaster Court, Groby, Leicester, Leicestershire, LE6 0YT£400,000£380,000-£20,00025 Apr 202319 Oct 2023177 Days
10 Jonathan Close, Groby, Leicester, Leicestershire, LE6 0DH£575,000£535,000-£40,00006 Feb 202319 Oct 2023255 Days
5 Flaxfield Close, Groby, Leicester, Leicestershire, LE6 0EZ£465,000£443,500-£21,50009 Mar 202322 Sep 2023197 Days
6 Marston Drive, Groby, Leicester, Leicestershire, LE6 0DY£200,000£200,000£0007 Jun 202318 Sep 2023103 Days
24 Victoria Drive, Groby, Leicester, Leicestershire, LE6 0ED£90,000£82,000-£8,00031 Mar 202321 Aug 2023143 Days
36 Carmen Grove, Groby, Leicester, Leicestershire, LE6 0BA£185,000£178,000-£7,00010 Mar 202318 Jul 2023130 Days

Most Expensive Streets in Groby

PostcodeStreetAreaAverageNo. of Sales
LE6 0BYSpinney CloseGroby£530,0003
LE6 0DTLeicester RoadGroby£431,6663
LE6 0EZFlaxfield CloseGroby£431,4166
LE6 0DECastell DriveGroby£414,1663
LE6 0EBParksideGroby£395,7163
LE6 0DHJonathan CloseGroby£394,1663
LE6 0AXBluebell DriveGroby£385,2005
LE6 0EYMeadow WayGroby£382,7504
LE6 0GUHighfield RoadGroby£380,2504
LE6 0YWGreys DriveGroby£366,6663

Least Expensive Streets in Groby

PostcodeStreetAreaAverageNo. of Sales
LE6 0EHAsh CourtGroby£156,6503
LE6 0ELWillow DriveGroby£157,0005
LE6 0ENLime AvenueGroby£160,0003
LE6 0FFBailey ViewGroby£174,5007
LE6 0EDVictoria DriveGroby£177,3124
LE6 0FWStephenson WayGroby£193,3805
LE6 0FNFirtree WalkGroby£201,6663
LE6 0GFRatby RoadGroby£202,2005
LE6 0DJLeicester RoadGroby£206,5717
LE6 0GGRatby RoadGroby£207,6254

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