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House Prices in LE2

The average house price in LE2 (Leicester) is £221,200 using HM Land Registry data.

The average property price increased by £28,948 (59.48%) over the last 5 years and increased by £5,786 (7.32%) over the last 12 months.

Over the last year, there were 762 residential property sales – a decrease of 223 transactions (-29.27%) relative to the previous year. The majority of house sales (222) were in the £216,000 - £282,000 range. Then came properties in the £150,000 - £216,000 range, where 170 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 84 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-10,994 (-3%).

In May 2025, there were 167 new estate agency instructions, 130 agreed home sales and 140 property price reductions.

5-Year Average Property Prices in LE2 (Leicester)

59.48%

Property prices in LE2 (Leicester) increased by 59.48% 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 LE2 (Leicester) Over the Last Year

7.32%

Property prices in LE2 (Leicester) increased by 7.32% 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 LE2 (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 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 LE2 (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 LE2 (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 LE2 (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 LE2 (Leicester) Postcode since 1995

Using HM Land Registry data, this chart displays average annual house prices in the LE2 postcode area since 1995.

Recent Sales in LE2 (Leicester)

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
37 Denmark Road, Leicester, LE2 8AB	£180,000	£177,000	-£3,000	04 Nov 2024	24 Feb 2025	112 Days
102 Stoughton Road, Oadby, Leicester, Leicestershire, LE2 4FN	£950,000	£850,000	-£100,000	03 May 2024	19 Feb 2025	292 Days
14 Waveney Rise, Oadby, Leicester, Leicestershire, LE2 4GG	£345,000	£345,000	£0	03 Jul 2024	13 Feb 2025	225 Days
23 Wigston Road, Oadby, Leicester, Leicestershire, LE2 5QF	£240,000	£240,000	£0	24 Oct 2024	13 Feb 2025	112 Days
27 Primrose Hill, Oadby, Leicester, Leicestershire, LE2 5JA	£270,000	£258,000	-£12,000	04 Jul 2024	13 Feb 2025	224 Days
20 Honeywell Close, Oadby, Leicester, Leicestershire, LE2 5QP	£170,000	£170,000	£0	23 Nov 2024	12 Feb 2025	81 Days
55 Northcote Road, Leicester, LE2 3FJ	£350,000	£330,000	-£20,000	21 Aug 2024	31 Jan 2025	163 Days
7 Fox Hollow, Oadby, Leicester, Leicestershire, LE2 4QY	£425,000	£400,000	-£25,000	16 Sep 2024	31 Jan 2025	137 Days
1 Peewit Close, Glen Parva, Leicester, Leicestershire, LE2 9NP	£215,000	£215,000	£0	22 Jul 2024	30 Jan 2025	192 Days
23 Smore Slade Hills, Oadby, Leicester, Leicestershire, LE2 4UX	£435,000	£430,000	-£5,000	12 Jul 2024	24 Jan 2025	196 Days
37 Spendlow Gardens, Leicester, LE2 9BX	£230,000	£220,000	-£10,000	17 Oct 2024	24 Jan 2025	99 Days
43 Knighton Church Road, Leicester, LE2 3JN	£345,000	£334,000	-£11,000	11 Sep 2024	17 Jan 2025	128 Days
23 Stonesby Avenue, Leicester, LE2 6TX	£259,000	£255,000	-£4,000	11 Jul 2024	17 Jan 2025	190 Days
26 New Street, Oadby, Leicester, Leicestershire, LE2 5EB	£245,000	£230,000	-£15,000	20 Apr 2024	03 Jan 2025	258 Days
11 Adlington Road, Oadby, Leicester, Leicestershire, LE2 4NA	£375,000	£370,000	-£5,000	19 Aug 2024	03 Jan 2025	137 Days
29 Fairfield Road, Oadby, Leicester, Leicestershire, LE2 4NF	£235,000	£230,000	-£5,000	15 Jul 2024	02 Jan 2025	171 Days
9 Lockhouse Close, Leicester, LE2 9GT	£195,000	£186,200	-£8,800	15 Jun 2024	20 Dec 2024	188 Days
226 Clarendon Park Road, Leicester, LE2 3AG	£300,000	£300,000	£0	14 Aug 2024	19 Dec 2024	127 Days
197 Queens Road, Leicester, LE2 3FN	£395,000	£377,500	-£17,500	09 Apr 2024	18 Dec 2024	253 Days
121 Duncan Road, Leicester, LE2 8EH	£199,500	£190,000	-£9,500	29 Jul 2024	13 Dec 2024	137 Days

Most Expensive Streets in LE2 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE2 2RE	Knighton Rise	Leicester	£1,153,333	3
LE2 3HH	Knighton Road	Leicester	£977,500	3
LE2 4QX	Chestnut Drive, Stretton Hall	Leicester	£890,416	12
LE2 2PD	Meadowcourt Road	Leicester	£889,000	5
LE2 3TJ	Southernhay Road	Leicester	£867,166	3
LE2 3HE	Stoneygate Avenue	Leicester	£845,000	3
LE2 2LT	Southmeads Close	Leicester	£820,000	4
LE2 2DB	Bankart Avenue	Leicester	£763,333	3
LE2 2RJ	Stoughton Drive South, Oadby	Leicester	£732,500	5
LE2 3JD	Elms Road	Leicester	£731,666	3

Least Expensive Streets in LE2 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE2 2AP	London Road	Leicester	£91,452	5
LE2 4LZ	St Pauls Close, Oadby	Leicester	£98,071	7
LE2 2EJ	Lyndwood Court	Leicester	£103,454	11
LE2 2BQ	Malvern Court, Malvern Road	Leicester	£104,500	3
LE2 2AD	Stoneygate Road	Leicester	£104,647	23
LE2 5BF	The Parade	Leicester	£105,500	5
LE2 0JA	Andover Street	Leicester	£108,000	3
LE2 0UJ	Pegasus Close	Leicester	£108,750	4
LE2 2PQ	Oliver Court, London Road	Leicester	£111,500	6
LE2 0UL	Taurus Close	Leicester	£111,666	3