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Leicester House Prices

The average house price in Leicester is £253,724 using HM Land Registry data.

The average property price increased by £70,186 (34.01%) over the last 5 years and increased by £14,031 (5.34%) over the last 12 months.

Over the last year, there were 2,168 residential property sales – a decrease of 937 transactions (-43.22%) relative to the previous year. The majority of house sales (518) were in the £188,000 - £236,000 range. Then came properties in the £236,000 - £284,000 range, where 496 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 60 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,307 (-2%).

In June 2024, there were 486 new estate agency instructions, 335 agreed home sales and 306 property price reductions.

5-Year Average Property Prices in Leicester

34.01%

Property prices in Leicester increased by 34.01% 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 Leicester Over the Last Year

5.34%

Property prices in Leicester increased by 5.34% 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 Leicester - June 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 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 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 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 Leicester since 1995

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

Recent Property Sales in Leicester

Address	Initial Price	Sold Price	Price Change	First Listed Date	Sold Date	Days to Sell
95 Montague Road, Leicester, LE2 1TJ	£230,000	£228,000	-£2,000	07 Mar 2024	23 May 2024	77 Days
79 Main Street, Humberstone, Leicester, LE5 1AE	£220,000	£218,000	-£2,000	05 Mar 2024	17 May 2024	73 Days
4 Banks Road, Leicester, LE2 8HA	£250,000	£250,000	£00	10 Jan 2024	17 May 2024	128 Days
28 Judith Drive, Leicester, LE5 6FL	£295,000	£290,000	-£5,000	03 Feb 2024	16 May 2024	103 Days
43 Ravenhurst Road, Leicester, Leicestershire, LE3 2PT	£240,000	£240,000	£00	05 Feb 2024	15 May 2024	100 Days
16 Balisfire Grove, Leicester, LE4 0LT	£200,000	£200,000	£00	01 Nov 2023	10 May 2024	191 Days
11 Strathmore Avenue, Leicester, LE4 7HB	£360,000	£330,000	-£30,000	04 Mar 2024	10 May 2024	67 Days
13 Homemead Avenue, Leicester, LE4 0LN	£315,000	£305,000	-£10,000	04 Dec 2023	10 May 2024	158 Days
13 Brancaster Close, Leicester, LE4 0LA	£290,000	£286,000	-£4,000	05 Jun 2023	09 May 2024	339 Days
15 Herschell Street, Leicester, LE2 1LE	£260,000	£235,664	-£24,336	11 Jul 2022	09 May 2024	668 Days
30 Petworth Drive, Leicester, LE3 9RE	£290,000	£285,000	-£5,000	14 Jan 2024	09 May 2024	116 Days
49 Overdale Road, Leicester, LE2 3YJ	£285,000	£276,000	-£9,000	07 Dec 2023	08 May 2024	153 Days
24 Taverners Road, Leicester, LE4 2HZ	£350,000	£335,000	-£15,000	11 Dec 2023	03 May 2024	144 Days
43 Caversham Road, Leicester, LE2 9LQ	£180,000	£177,000	-£3,000	11 Nov 2023	02 May 2024	173 Days
28 Archway Road, Leicester, LE5 1RA	£225,000	£225,000	£00	13 Dec 2023	30 Apr 2024	139 Days
16 Bradshaw Avenue, Glen Parva, Leicester, Leicestershire, LE2 9PD	£275,000	£255,000	-£20,000	09 Nov 2023	30 Apr 2024	173 Days
102 South Knighton Road, Leicester, LE2 3LP	£335,000	£315,000	-£20,000	21 Feb 2018	29 Apr 2024	2259 Days
64 Hipwell Crescent, Leicester, LE4 2DL	£250,000	£240,000	-£10,000	30 Oct 2023	26 Apr 2024	179 Days
195 Kimberley Road, Leicester, LE2 1LP	£345,000	£327,500	-£17,500	26 Jul 2023	26 Apr 2024	275 Days
2 Barrington Road, Leicester, LE2 2RA	£550,000	£502,000	-£48,000	15 Dec 2023	24 Apr 2024	131 Days

Most Expensive Streets in Leicester

Postcode	Street	Area	Average	No. of Sales
LE2 3HH	Knighton Road	Leicester	£977,500	3
LE5 6QB	Uppingham Road	Leicester	£790,000	4
LE5 6AJ	Linden Drive	Leicester	£780,050	4
LE5 6HH	Spencefield Lane	Leicester	£767,500	3
LE7 9RW	The Copse	Bushby	£751,666	3
LE2 2PE	Morland Avenue	Leicester	£751,300	5
LE2 3TJ	Southernhay Road	Leicester	£744,833	3
LE3 8PZ	Waring Close	Glenfield	£738,750	4
LE2 2PF	Morland Avenue	Leicester	£727,312	4
LE2 3HG	Woodland Avenue	Leicester	£717,500	3

Least Expensive Streets in Leicester

Postcode	Street	Area	Average	No. of Sales
LE4 7WA	Longhurst Close	Leicester	£57,250	6
LE1 3UN	Navigation Street	Leicester	£62,584	4
LE5 4WN	Carrick Point	Falmouth Road	£63,650	10
LE5 0LF	Victoria Road East	Leicester	£67,000	3
LE1 3UJ	Navigation Street	Leicester	£72,500	3
LE1 1RB	Rutland Street	Leicester	£73,700	5
LE3 0PE	Narborough Road	Leicester	£78,125	4
LE5 4WH	Falmouth Road	Leicester	£79,600	5
LE1 6WB	Duke Street	Leicester	£82,562	8
LE5 4ET	Illingworth Road	Leicester	£85,666	3