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Mountsorrel House Prices Mountsorrel House Prices

The average house price in Mountsorrel is £285,875 using HM Land Registry data.

The average property price increased by £60,432 (22.7%) over the last 5 years and increased by £12,078 (3.84%) over the last 12 months.

Over the last year, there were 142 residential property sales – a decrease of 68 transactions (-47.89%) relative to the previous year. The majority of house sales (41) were in the £228,000 - £296,000 range. Then came properties in the £160,000 - £228,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 52 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-9,311 (-2%).

In April 2024, there were 33 new estate agency instructions, 20 agreed home sales and 19 property price reductions.

Neighbouring Areas: Quorndon

Postcodes Covered: LE12, LE7

5-Year Average Property Prices in Mountsorrel

22.7%

Property prices in Mountsorrel increased by 22.7% 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 Mountsorrel Over the Last Year

3.84%

Property prices in Mountsorrel increased by 3.84% 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 Mountsorrel - 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 Mountsorrel

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 Mountsorrel

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 Mountsorrel

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 Mountsorrel since 1995

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

Recent Property Sales in Mountsorrel

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
5 Stirling Close, Mountsorrel, Loughborough, Leicestershire, LE12 7UG£324,000£318,000-£6,00030 Dec 202201 Mar 2024427 Days
32 Fowke Street, Rothley, Leicester, Leicestershire, LE7 7PJ£360,000£345,000-£15,00001 Dec 202329 Feb 202490 Days
14 Iris Close, Mountsorrel, Loughborough, Leicestershire, LE12 7FT£245,000£242,000-£3,00021 Sep 202319 Jan 2024120 Days
73 Rothley Road, Mountsorrel, Loughborough, Leicestershire, LE12 7JS£250,000£250,000£0027 Apr 202320 Dec 2023237 Days
8 Partridge Close, Mountsorrel, Loughborough, Leicestershire, LE12 7GD£340,000£340,000£0002 Sep 202315 Dec 2023104 Days
11 Loughborough Road, Mountsorrel, Loughborough, Leicestershire, LE12 7AP£190,000£183,000-£7,00003 Oct 202315 Dec 202373 Days
79 Cross Lane, Mountsorrel, Loughborough, Leicestershire, LE12 7BU£274,950£270,000-£4,95025 Aug 202315 Dec 2023112 Days
40 Woodgate, Rothley, Leicester, Leicestershire, LE7 7LJ£150,000£145,000-£5,00021 Aug 202307 Dec 2023108 Days
42 Templar Way, Rothley, Leicester, Leicestershire, LE7 7RB£425,000£425,000£0010 Jul 202305 Dec 2023148 Days
7 Celandine Close, Mountsorrel, Loughborough, Leicestershire, LE12 7FX£325,000£320,000-£5,00028 Sep 202330 Nov 202363 Days
67 Maitland Avenue, Mountsorrel, Loughborough, Leicestershire, LE12 7DU£169,950£165,000-£4,95020 Sep 202324 Nov 202365 Days
30 North Street, Rothley, Leicester, Leicestershire, LE7 7NN£379,950£350,000-£29,95014 Apr 202309 Nov 2023209 Days
2 Carisbrooke Road, Mountsorrel, Loughborough, Leicestershire, LE12 7BR£515,000£485,000-£30,00007 Aug 202327 Oct 202381 Days
46 Halstead Road, Mountsorrel, Loughborough, Leicestershire, LE12 7HF£230,000£215,000-£15,00027 Mar 202327 Oct 2023214 Days
23 Carisbrooke Road, Mountsorrel, Loughborough, Leicestershire, LE12 7BR£450,000£450,000£0026 May 202313 Oct 2023140 Days
11 Glenfrith Gardens, Mountsorrel, Loughborough, Leicestershire, LE12 7YE£200,000£191,000-£9,00008 Feb 202322 Sep 2023226 Days
57 Halstead Road, Mountsorrel, Loughborough, Leicestershire, LE12 7HD£550,000£529,000-£21,00003 Mar 202322 Sep 2023203 Days
76 Linkfield Road, Mountsorrel, Loughborough, Leicestershire, LE12 7DL£250,000£250,000£0028 Jan 202321 Sep 2023236 Days
193 Loughborough Road, Mountsorrel, Loughborough, Leicestershire, LE12 7AR£370,000£362,500-£7,50018 Apr 202321 Sep 2023156 Days
1 Barons Way, Mountsorrel, Loughborough, Leicestershire, LE12 7EA£180,000£171,500-£8,50030 May 202319 Sep 2023112 Days

Most Expensive Streets in Mountsorrel

PostcodeStreetAreaAverageNo. of Sales
LE7 7SBKinchley LaneRothley£722,6663
LE12 7HYGrange LaneMountsorrel£586,2504
LE7 7RLBarley WayRothley£586,0005
LE7 7NUTown Green StreetRothley£557,4287
LE7 7RGGarlandRothley£556,0005
LE7 7SJSwithland LaneRothley£498,5004
LE7 7NWTown Green StreetRothley£461,8068
LE7 7PUMountsorrel LaneRothley£451,3559
LE7 7NACossington LaneRothley£448,1254
LE7 7NYForge EndRothley£443,3333

Least Expensive Streets in Mountsorrel

PostcodeStreetAreaAverageNo. of Sales
LE12 7BTRowena CourtCross Lane£125,4833
LE12 7JURothley RoadMountsorrel£134,0717
LE12 7EABarons WayMountsorrel£135,0008
LE12 7DUMaitland AvenueMountsorrel£136,12317
LE12 7FPMarigold LaneMountsorrel£156,70812
LE7 7PSMountsorrel LaneRothley£161,30010
LE12 7DBLeicester RoadMountsorrel£161,6427
LE12 7AABond LaneMountsorrel£166,2427
LE12 7YEGlenfrith GardensMountsorrel£171,8256
LE12 7HZCaernarvon CloseMountsorrel£174,77211

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