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Oadby House Prices Oadby House Prices

The average house price in Oadby is £285,250 using HM Land Registry data.

The average property price increased by £58,440 (18.39%) over the last 5 years and increased by £11,680 (3.2%) over the last 12 months.

Over the last year, there were 181 residential property sales – a decrease of 68 transactions (-37.57%) relative to the previous year. The majority of house sales (42) were in the £238,000 - £306,000 range. Then came properties in the £306,000 - £374,000 range, where 37 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 45 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,970 (-2%).

In April 2024, there were 64 new estate agency instructions, 24 agreed home sales and 29 property price reductions.

Neighbouring Areas: Leicester, Wigston

Postcodes Covered: LE2

5-Year Average Property Prices in Oadby

18.39%

Property prices in Oadby increased by 18.39% 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 Oadby Over the Last Year

3.2%

Property prices in Oadby increased by 3.2% 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 Oadby - 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 Oadby

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 Oadby

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 Oadby

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 Oadby since 1995

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

Recent Property Sales in Oadby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
4 Powys Avenue, Leicester, Leicestershire, LE2 2DP£650,000£635,500-£14,50025 Aug 202316 Feb 2024175 Days
22 Highcroft Road, Oadby, Leicester, Leicestershire, LE2 4RS£375,000£370,000-£5,00020 Oct 202316 Feb 2024119 Days
50 Gorse Lane, Oadby, Leicester, Leicestershire, LE2 4RQ£350,000£345,000-£5,00007 Oct 202309 Feb 2024125 Days
7 Brampton Way, Oadby, Leicester, Leicestershire, LE2 5FA£240,000£240,000£0023 Oct 202305 Feb 2024105 Days
Flat 13, Tomlinson Court, Harborough Road, Oadby, Leicester, Leicestershire, LE2 4LF£130,000£127,500-£2,50009 Oct 202315 Dec 202367 Days
7 Ennerdale Close, Oadby, Leicester, Leicestershire, LE2 4TN£360,000£249,000-£111,00028 Feb 202308 Dec 2023283 Days
4 Shipston Hill, Oadby, Leicester, Leicestershire, LE2 5PS£325,000£310,000-£15,00025 May 202307 Dec 2023196 Days
1 Jackson Close, Oadby, Leicester, Leicestershire, LE2 4US£475,000£475,000£0019 Sep 202301 Dec 202373 Days
19 Chestnut Avenue, Oadby, Leicester, Leicestershire, LE2 5JH£285,000£270,000-£15,00011 Aug 202217 Nov 2023463 Days
14 Highcroft Road, Oadby, Leicester, Leicestershire, LE2 4RS£395,000£375,000-£20,00021 Aug 202317 Nov 202388 Days
33 Granville Avenue, Oadby, Leicester, Leicestershire, LE2 5FL£450,000£440,000-£10,00005 Jun 202313 Nov 2023161 Days
7 Ashton Close, Oadby, Leicester, Leicestershire, LE2 5WH£325,000£300,000-£25,00006 May 202310 Nov 2023188 Days
33 Vandyke Road, Oadby, Leicester, Leicestershire, LE2 5UB£430,000£425,000-£5,00012 Jun 202325 Oct 2023135 Days
12 Forest Rise, Oadby, Leicester, Leicestershire, LE2 4FH£550,000£532,500-£17,50028 Jun 202324 Oct 2023118 Days
7 Wych Elm Road, Oadby, Leicester, Leicestershire, LE2 4EF£400,000£391,000-£9,00025 May 202320 Oct 2023148 Days
30 Highcroft Avenue, Oadby, Leicester, Leicestershire, LE2 5UG£305,000£295,000-£10,00029 Apr 202313 Oct 2023167 Days
11 Whiteoaks Road, Oadby, Leicester, Leicestershire, LE2 5YL£325,000£312,500-£12,50003 Apr 202309 Oct 2023189 Days
17 Heythrop Close, Oadby, Leicester, Leicestershire, LE2 4SL£400,000£377,500-£22,50028 Nov 202206 Oct 2023312 Days
17 Holme Drive, Oadby, Leicester, Leicestershire, LE2 4HF£485,000£485,000£0001 Apr 202329 Sep 2023181 Days
19 Adlington Road, Oadby, Leicester, Leicestershire, LE2 4NA£400,000£385,000-£15,00020 Jan 202229 Sep 2023617 Days

Most Expensive Streets in Oadby

PostcodeStreetAreaAverageNo. of Sales
LE2 2REKnighton RiseLeicester£1,132,5003
LE2 2PDMeadowcourt RoadLeicester£885,0004
LE2 2LTSouthmeads CloseLeicester£776,6663
LE2 2HFThe BroadwayOadby£748,7504
LE2 2RJStoughton Drive SouthLeicester£740,9378
LE2 2DBBankart AvenueLeicester£711,6663
LE2 4FGManor Road ExtensionOadby£686,4005
LE2 4EZCranborne GardensOadby£668,8729
LE2 4FNStoughton RoadOadby£636,6663
LE2 2HNThe FairwayOadby£570,0003

Least Expensive Streets in Oadby

PostcodeStreetAreaAverageNo. of Sales
LE2 5BFThe ParadeOadby£106,8754
LE2 4LFTomlinson CourtHarborough Road£116,5003
LE2 5EAMeadow ViewLondon Road£119,9005
LE2 4AFVictoria CourtLeicester Road£121,7396
LE2 4AGVictoria CourtLeicester Road£135,2504
LE2 5ASRowleys CourtSandhurst Street, Oadby£147,94025
LE2 5DAAlbion StreetOadby£148,6666
LE2 5QQHermitage CourtHoneywell Close£162,97510
LE2 5QPHoneywell CloseOadby£168,15313
LE2 5DBChurch StreetOadby£181,7005

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