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Lutterworth House Prices Lutterworth House Prices

The average house price in Lutterworth is £250,200 using HM Land Registry data.

The average property price increased by £83,241 (32.02%) over the last 5 years and increased by £16,637 (5.09%) over the last 12 months.

Over the last year, there were 125 residential property sales – a decrease of 29 transactions (-23.20%) relative to the previous year. The majority of house sales (26) were in the £246,000 - £302,000 range. Then came properties in the £302,000 - £358,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-12,657 (-3%).

In April 2024, there were 15 new estate agency instructions, 16 agreed home sales and 9 property price reductions.

Postcodes Covered: LE17

5-Year Average Property Prices in Lutterworth

32.02%

Property prices in Lutterworth increased by 32.02% 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 Lutterworth Over the Last Year

5.09%

Property prices in Lutterworth increased by 5.09% 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 Lutterworth - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 Lutterworth

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 Lutterworth

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 Lutterworth

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 Lutterworth since 1995

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

Recent Property Sales in Lutterworth

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
57 Station Road, Lutterworth, Leicestershire, LE17 4AP£264,500£258,500-£6,00021 Aug 202301 Feb 2024164 Days
32 New Street, Lutterworth, Leicestershire, LE17 4PQ£200,000£186,000-£14,00024 Jul 202320 Dec 2023149 Days
122 Greenacres Drive, Lutterworth, Leicestershire, LE17 4RP£367,500£358,000-£9,50018 Apr 202330 Nov 2023226 Days
30 Woodway Road, Lutterworth, Leicestershire, LE17 4QG£260,000£248,000-£12,00029 Mar 202317 Nov 2023233 Days
24 Broadleaf Road, Lutterworth, Leicestershire, LE17 4GD£320,000£310,000-£10,00018 May 202317 Nov 2023183 Days
15 Gale Close, Lutterworth, Leicestershire, LE17 4LL£375,000£375,000£0001 Jun 202317 Nov 2023169 Days
44 Spencer Road, Lutterworth, Leicestershire, LE17 4PG£199,950£195,000-£4,95008 Jul 202310 Nov 2023125 Days
8 Lower Leicester Road, Lutterworth, Leicestershire, LE17 4NG£210,000£205,000-£5,00018 Apr 202303 Nov 2023199 Days
28 Lower Leicester Road, Lutterworth, Leicestershire, LE17 4NG£265,000£257,000-£8,00021 Apr 202303 Nov 2023196 Days
27 Gibson Way, Lutterworth, Leicestershire, LE17 4YJ£265,000£249,950-£15,05031 Jul 202303 Nov 202395 Days
1 Willow Tree Crescent, Lutterworth, Leicestershire, LE17 4TD£275,000£260,000-£15,00006 Jul 202303 Nov 2023120 Days
3 Lacey Close, Lutterworth, Leicestershire, LE17 4GX£340,000£312,500-£27,50011 Feb 202323 Oct 2023254 Days
5 Orange Hill, Lutterworth, Leicestershire, LE17 4BT£298,000£290,000-£8,00009 May 202320 Oct 2023164 Days
34 Gilmorton Road, Lutterworth, Leicestershire, LE17 4DZ£485,000£477,000-£8,00020 Feb 202309 Oct 2023231 Days
27 Maxwell Way, Lutterworth, Leicestershire, LE17 4GS£429,950£410,000-£19,95024 Apr 202306 Oct 2023165 Days
5 Gladstone Street, Lutterworth, Leicestershire, LE17 4EA£280,000£270,000-£10,00002 May 202306 Oct 2023157 Days
2 Johnnie Johnson Drive, Lutterworth, Leicestershire, LE17 4GN£515,000£495,000-£20,00015 Apr 202303 Oct 2023171 Days
16 Honeysuckle Close, Lutterworth, Leicestershire, LE17 4FN£430,000£425,000-£5,00010 Apr 202302 Oct 2023175 Days
20 Douglas Bader Drive, Lutterworth, Leicestershire, LE17 4GT£425,000£418,000-£7,00025 Apr 202302 Oct 2023160 Days
37 Crescent Road, Lutterworth, Leicestershire, LE17 4NR£200,000£200,000£0022 May 202302 Oct 2023133 Days

Most Expensive Streets in Lutterworth

PostcodeStreetAreaAverageNo. of Sales
LE17 4RBCoventry RoadLutterworth£567,5004
LE17 4PSSt Marys RoadLutterworth£542,3905
LE17 4DZGilmorton RoadLutterworth£517,3333
LE17 4BJThe Hill DriveLutterworth£474,2293
LE17 4XJAlmond WayLutterworth£471,0717
LE17 4FYPrimrose CloseLutterworth£465,0003
LE17 4GJBurrough WayLutterworth£450,77510
LE17 4GEBeamont CloseLutterworth£432,4287
LE17 4GPLavender CloseLutterworth£426,2416
LE17 4FNHoneysuckle CloseLutterworth£412,4287

Least Expensive Streets in Lutterworth

PostcodeStreetAreaAverageNo. of Sales
LE17 4EQDonata HouseGeorge Street, Lutterworth£114,0003
LE17 4AZDenbigh CourtHigh Street, Lutterworth£137,0003
LE17 4ULThe HawthornsLutterworth£174,77218
LE17 4DAOrchard RoadLutterworth£179,9836
LE17 4PQNew StreetLutterworth£182,0003
LE17 4UACedar AvenueLutterworth£185,6663
LE17 4NBCanada FieldsLutterworth£195,0003
LE17 4BUPalmer DriveLutterworth£195,1503
LE17 4EHMarket StreetLutterworth£199,4833
LE17 4YGAttlee CloseLutterworth£199,6254

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