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Loughborough House Prices Loughborough House Prices

The average house price in Loughborough is £239,428 using HM Land Registry data.

The average property price increased by £64,329 (30.51%) over the last 5 years and increased by £12,857 (4.9%) over the last 12 months.

Over the last year, there were 494 residential property sales – a decrease of 197 transactions (-39.88%) relative to the previous year. The majority of house sales (124) were in the £196,000 - £252,000 range. Then came properties in the £140,000 - £196,000 range, where 101 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 54 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,553 (-2%).

In April 2024, there were 99 new estate agency instructions, 75 agreed home sales and 54 property price reductions.

Postcodes Covered: LE11, LE12

5-Year Average Property Prices in Loughborough

30.51%

Property prices in Loughborough increased by 30.51% 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 Loughborough Over the Last Year

4.9%

Property prices in Loughborough increased by 4.9% 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 Loughborough - 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 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 Loughborough

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 Loughborough

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 Loughborough

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 Loughborough since 1995

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

Recent Property Sales in Loughborough

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
9 Mortimer Way, Loughborough, Leicestershire, LE11 5EY£275,000£267,500-£7,50023 Nov 202321 Mar 2024119 Days
4 Lowther Way, Loughborough, Leicestershire, LE11 2LF£230,000£220,000-£10,00004 Jan 202406 Mar 202462 Days
4 Laburnum Way, Loughborough, Leicestershire, LE11 2FB£500,000£492,500-£7,50025 Aug 202316 Feb 2024175 Days
42 Windleden Road, Loughborough, Leicestershire, LE11 4HD£145,000£142,500-£2,50018 Sep 202316 Feb 2024151 Days
22 Quorn Close, Loughborough, Leicestershire, LE11 2AW£350,000£345,000-£5,00020 Apr 202315 Feb 2024301 Days
12 Cherry Close, Loughborough, Leicestershire, LE11 2QR£465,000£450,000-£15,00026 Sep 202312 Feb 2024139 Days
27 Pitsford Drive, Loughborough, Leicestershire, LE11 4NZ£325,000£310,000-£15,00030 Oct 202309 Feb 2024102 Days
Flat 3, Crown Apartments, Queen Street, Loughborough, Leicestershire, LE11 1AG£155,000£145,000-£10,00027 Sep 202308 Feb 2024134 Days
9 Haymeadow Close, Loughborough, Leicestershire, LE11 2RN£420,000£400,000-£20,00008 Aug 202301 Feb 2024177 Days
30 Stirling Avenue, Loughborough, Leicestershire, LE11 4LJ£235,000£233,000-£2,00006 Sep 202322 Jan 2024138 Days
45 Kenilworth Avenue, Loughborough, Leicestershire, LE11 4SL£200,000£190,000-£10,00002 Aug 202308 Jan 2024159 Days
7 Compton Close, Loughborough, Leicestershire, LE11 3SF£375,000£295,000-£80,00012 Feb 202020 Dec 20231407 Days
50 Leconfield Road, Loughborough, Leicestershire, LE11 3SQ£425,000£395,000-£30,00019 Jun 202320 Dec 2023184 Days
Flat 13, Crown Apartments, Queen Street, Loughborough, Leicestershire, LE11 1AG£155,000£155,000£0007 Aug 202318 Dec 2023133 Days
14 Rendell Street, Loughborough, Leicestershire, LE11 1LL£186,000£186,000£0018 Jan 202315 Dec 2023331 Days
7 Cartland Drive, Loughborough, Leicestershire, LE11 5YD£250,000£238,000-£12,00007 Jul 202315 Dec 2023161 Days
5 Finsbury Avenue, Loughborough, Leicestershire, LE11 1RN£260,000£255,000-£5,00026 May 202315 Dec 2023203 Days
11 Newbon Close, Loughborough, Leicestershire, LE11 4WJ£189,950£185,000-£4,95019 Jul 202313 Dec 2023147 Days
11 Beck Crescent, Loughborough, Leicestershire, LE11 2UT£420,000£405,000-£15,00005 Oct 201812 Dec 20231894 Days
52 Kenilworth Avenue, Loughborough, Leicestershire, LE11 4SJ£275,000£261,000-£14,00016 Aug 202312 Dec 2023118 Days

Most Expensive Streets in Loughborough

PostcodeStreetAreaAverageNo. of Sales
LE11 2RABeacon RoadLoughborough£706,38413
LE11 3RDDunsmore CloseLoughborough£616,6663
LE11 3BFAvocet CloseNanpantan£600,1666
LE11 3LYOutwoods RoadLoughborough£592,2508
LE11 3RABrook LaneLoughborough£586,2504
LE11 2BSHerrick RoadLoughborough£580,0003
LE11 3HTForest RoadLoughborough£556,6663
LE11 3HXForest RoadLoughborough£545,43010
LE11 2SABramcote RoadLoughborough£532,8577
LE11 3QLWestfield DriveLoughborough£530,0003

Least Expensive Streets in Loughborough

PostcodeStreetAreaAverageNo. of Sales
LE11 2TZWoodgateLoughborough£65,7504
LE11 4UGWarwick WayLoughborough£82,7754
LE11 4NPKnightthorpe CourtBurns Road£83,80313
LE11 1HTHartington StreetLoughborough£89,1626
LE11 1HYStaveley CourtLoughborough£91,2504
LE11 1BWRutland StreetLoughborough£92,1663
LE11 1UABiggin StreetLoughborough£104,6258
LE11 4PQOld Ashby RoadLoughborough£104,8754
LE11 1EBNottingham RoadLoughborough£105,7506
LE11 1LHRatcliffe RoadLoughborough£110,4287

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