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House Prices in LE2

The average house price in LE2 (Leicester) is £316,944 using HM Land Registry data.

The average property price increased by £19,426 (6.01%) over the last 5 years and increased by £3,883 (1.15%) over the last 12 months.

Over the last year, there were 755 residential property sales – a decrease of 347 transactions (-45.96%) relative to the previous year. The majority of house sales (205) were in the £216,000 - £282,000 range. Then came properties in the £150,000 - £216,000 range, where 160 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 100 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,487 (-3%).

In Jul 2026, there were 189 new estate agency instructions, 121 agreed home sales and 179 property price reductions.

5-Year Average Property Prices in LE2 (Leicester)

6.01%

Property prices in LE2 (Leicester) increased by 6.01% 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

1.15%

Property prices in LE2 (Leicester) increased by 1.15% 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) - Jul 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 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
7 Greenhill Road, Leicester, LE2 3DN	£325,000	£325,000	£0	23 Sep 2025	21 May 2026	240 Days
160 Howard Road, Leicester, LE2 1XL	£375,000	£375,000	£0	01 Jun 2025	20 May 2026	353 Days
38 Allenwood Road, Leicester, LE2 9BD	£250,000	£248,000	-£2,000	21 Oct 2025	19 May 2026	210 Days
5 Franklyn Road, Leicester, LE2 8LN	£260,000	£257,500	-£2,500	19 Nov 2025	15 May 2026	177 Days
21 College Avenue, Leicester, LE2 0JF	£250,000	£238,000	-£12,000	25 Jun 2025	15 May 2026	324 Days
48 The Newry, Leicester, LE2 6SS	£240,000	£230,000	-£10,000	16 Oct 2025	08 May 2026	204 Days
112 Avenue Road Extension, Leicester, LE2 3EH	£265,000	£255,000	-£10,000	15 Dec 2025	08 May 2026	144 Days
20 Arnesby Crescent, Leicester, LE2 6QZ	£250,000	£250,000	£0	12 Aug 2025	08 May 2026	269 Days
135 Rosemead Drive, Leicester, LE2 5PP	£350,000	£350,000	£0	30 May 2025	08 May 2026	343 Days
498 Welford Road, Leicester, LE2 6EL	£360,000	£353,500	-£6,500	22 May 2025	07 May 2026	350 Days
11 Trafalgar Way, Leicester, LE2 9UP	£225,000	£218,000	-£7,000	21 Jan 2026	01 May 2026	100 Days
8 St Marys Road, Leicester, LE2 1XA	£695,000	£675,000	-£20,000	16 May 2025	01 May 2026	350 Days
16 Burns Street, Leicester, LE2 6DB	£220,000	£217,500	-£2,500	07 Nov 2025	30 Apr 2026	174 Days
37 South Kingsmead Road, Leicester, LE2 3YN	£375,000	£375,000	£0	18 Dec 2025	30 Apr 2026	133 Days
78 St Leonards Road, Leicester, LE2 1WR	£220,000	£218,500	-£1,500	29 Oct 2025	29 Apr 2026	182 Days
6 Woodlands Court, Leicester, LE2 4QE	£399,000	£387,000	-£12,000	13 May 2025	24 Apr 2026	346 Days
92 Navigation Drive, Leicester, LE2 9TB	£490,000	£485,000	-£5,000	07 Aug 2025	23 Apr 2026	259 Days
161 Duncan Road, Leicester, LE2 8EH	£230,000	£230,000	£0	08 Jan 2026	23 Apr 2026	105 Days
9 Wayside Drive, Leicester, LE2 4NU	£325,000	£305,000	-£20,000	17 Nov 2025	21 Apr 2026	155 Days
7 Richmond Close, Leicester, LE2 8AY	£250,000	£245,000	-£5,000	06 Jan 2026	17 Apr 2026	101 Days

Most Expensive Streets in LE2 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE2 4QX	Chestnut Drive, Stretton Hall	Leicester	£1,039,250	8
LE2 2LT	Southmeads Close	Leicester	£893,333	3
LE2 3TJ	Southernhay Road	Leicester	£867,166	3
LE2 2RJ	Stoughton Drive South, Oadby	Leicester	£832,500	3
LE2 4FG	Manor Road Extension, Oadby	Leicester	£823,750	4
LE2 4FE	Manor Close, Oadby	Leicester	£820,000	3
LE2 2DQ	Powys Avenue, Oadby	Leicester	£791,666	3
LE2 2DB	Bankart Avenue	Leicester	£763,333	3
LE2 2RA	Barrington Road	Leicester	£761,833	3
LE2 4FN	Stoughton Road	Leicester	£743,333	3

Least Expensive Streets in LE2 (Leicester)

Postcode	Street	Area	Average	No. of Sales
LE2 7NT	Primus Place, Gateway Street, Leicester	Leicester	£66,833	3
LE2 7DN	Primus Edge, Atkins Street, Leicester	Leicester	£68,700	5
LE2 5BF	The Parade	Leicester	£101,500	3
LE2 2BQ	Malvern Court, Malvern Road	Leicester	£104,500	3
LE2 4LZ	St Pauls Close, Oadby	Leicester	£104,500	5
LE2 2AP	Lyndhurst Court, London Road	Leicester	£104,894	7
LE2 2EJ	Lyndwood Court	Leicester	£105,285	7
LE2 1ZE	The Hollies, London Road	Leicester	£106,000	3
LE2 1ZF	London Road	Leicester	£110,857	7
LE2 2AD	Stoneygate Road	Leicester	£111,292	27