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Leicester House Prices Leicester House Prices

The average house price in Leicester is £269,551 using HM Land Registry data.

The average property price increased by £70,978 (34.85%) over the last 5 years and increased by £14,185 (5.45%) over the last 12 months.

Over the last year, there were 2,166 residential property sales – a decrease of 1,042 transactions (-48.11%) relative to the previous year. The majority of house sales (513) were in the £232,000 - £278,000 range. Then came properties in the £186,000 - £232,000 range, where 502 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 89 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,307 (-2%).

In April 2024, there were 458 new estate agency instructions, 294 agreed home sales and 286 property price reductions.

Neighbouring Areas: Birstall, Thurmaston, Leicester Forest East and Kirby Muxloe, Oadby, Enderby and Narborough, Wigston, Blaby and Whetstone

Postcodes Covered: LE1, LE19, LE2, LE3, LE4, LE5, LE7

5-Year Average Property Prices in Leicester

34.85%

Property prices in Leicester increased by 34.85% 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

5.45%

Property prices in Leicester increased by 5.45% 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 Leicester - 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 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 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

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
46 Chepstow Road, Leicester, LE2 1PA£250,000£240,000-£10,00007 Nov 202319 Mar 2024133 Days
67 Alton Road, Leicester, LE2 8QB£250,000£250,000£0027 Nov 202305 Mar 202499 Days
Flat 63, Lyndwood Court, Stoughton Road, Leicester, LE2 2EJ£125,000£125,000£0017 Aug 202304 Mar 2024200 Days
219 Duncan Road, Leicester, LE2 8EJ£190,000£187,500-£2,50009 Sep 202301 Mar 2024174 Days
56 Jean Drive, Leicester, LE4 0GD£300,000£290,000-£10,00029 Sep 202329 Feb 2024153 Days
23 Mellor Road, Leicester, LE3 6HN£475,000£475,000£0011 Oct 202329 Feb 2024141 Days
27 Kamloops Crescent, Leicester, LE1 2HX£140,000£90,000-£50,00011 Sep 202329 Feb 2024171 Days
25 Pauline Avenue, Leicester, LE4 7RB£285,000£275,000-£10,00001 Jul 202326 Feb 2024240 Days
22a, Foxon Way, Thorpe Astley, Leicester, Leicestershire, LE3 3TP£290,000£275,000-£15,00029 Sep 202323 Feb 2024147 Days
Flat 5, Beacon Court, Faire Road, Glenfield, Leicester, Leicestershire, LE3 8EQ£125,000£125,000£0018 Sep 202323 Feb 2024158 Days
33 Cardinals Walk, Leicester, LE5 1LE£300,000£270,000-£30,00002 Oct 202322 Feb 2024143 Days
91 Avenue Road, Leicester, LE2 3EA£575,000£575,000£0006 Jun 202322 Feb 2024261 Days
11 Sherwood Street, Leicester, LE5 4GR£400,000£365,000-£35,00023 Aug 202316 Feb 2024177 Days
34 Parkstone Road, Leicester, LE5 1NN£325,000£314,000-£11,00020 Jun 202315 Feb 2024240 Days
153 Knighton Lane East, Leicester, LE2 6FT£330,000£330,000£0031 Jul 202315 Feb 2024199 Days
41 Dunton Street, Leicester, LE3 5EL£170,000£162,000-£8,00020 Oct 202313 Feb 2024116 Days
2 Adelaide Close, Leicester, LE4 2NZ£199,950£199,950£0008 Sep 202312 Feb 2024157 Days
45 Scott Street, Leicester, LE2 6DW£249,950£235,000-£14,95013 Sep 202312 Feb 2024152 Days
10 Riverside Drive, Leicester, LE2 8LG£220,000£212,000-£8,00005 Oct 202309 Feb 2024127 Days
7 Wyndale Road, Leicester, LE2 3WS£405,000£371,500-£33,50012 Jun 202305 Feb 2024238 Days

Most Expensive Streets in Leicester

PostcodeStreetAreaAverageNo. of Sales
LE2 3HHKnighton RoadLeicester£977,5003
LE5 6QBUppingham RoadLeicester£790,0004
LE5 6AJLinden DriveLeicester£780,0504
LE5 6HHSpencefield LaneLeicester£767,5003
LE7 9RWThe CopseBushby£751,6663
LE2 3TJSouthernhay RoadLeicester£744,8333
LE3 8PZWaring CloseGlenfield£738,7504
LE2 2PFMorland AvenueLeicester£727,3124
LE2 1SAHolmfield RoadLeicester£719,4005
LE2 3HGWoodland AvenueLeicester£717,5003

Least Expensive Streets in Leicester

PostcodeStreetAreaAverageNo. of Sales
LE4 7WALonghurst CloseLeicester£57,2506
LE5 4WNCarrick PointFalmouth Road£62,37512
LE5 0LFVictoria Road EastLeicester£67,0003
LE1 3UNNavigation StreetLeicester£70,0675
LE1 3UJNavigation StreetLeicester£72,5003
LE1 1RBRutland StreetLeicester£72,7504
LE3 0PENarborough RoadLeicester£78,1254
LE5 4WHFalmouth RoadLeicester£79,6005
LE1 6WBDuke StreetLeicester£82,5628
LE4 1BXLaithwaite CloseLeicester£88,4166

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