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Quorndon House Prices Quorndon House Prices

The average house price in Quorndon is £494,600 using HM Land Registry data.

The average property price increased by £137,091 (44.78%) over the last 5 years and increased by £27,399 (6.59%) over the last 12 months.

Over the last year, there were 70 residential property sales – a decrease of 23 transactions (-32.86%) relative to the previous year. The majority of house sales (23) were in the £220,000 - £322,000 range. Then came properties in the £322,000 - £424,000 range, where 14 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 41 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-8,802 (-2%).

In April 2024, there were 12 new estate agency instructions, 7 agreed home sales and 2 property price reductions.

Neighbouring Areas: Mountsorrel

Postcodes Covered: LE12

5-Year Average Property Prices in Quorndon

44.78%

Property prices in Quorndon increased by 44.78% 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 Quorndon Over the Last Year

6.59%

Property prices in Quorndon increased by 6.59% 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 Quorndon - 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 Quorndon

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 Quorndon

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 Quorndon

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 Quorndon since 1995

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

Recent Property Sales in Quorndon

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
107c, Meeting Street, Quorn, Loughborough, Leicestershire, LE12 8AQ£475,000£405,000-£70,00016 Aug 202307 Mar 2024204 Days
2 Wrights Close, Quorn, Loughborough, Leicestershire, LE12 8TU£795,000£725,000-£70,00013 Jul 202306 Mar 2024237 Days
36 Sutton Close, Quorn, Loughborough, Leicestershire, LE12 8GA£219,950£219,950£0022 Jun 202312 Jan 2024204 Days
11 Pepper Drive, Quorn, Loughborough, Leicestershire, LE12 8TT£399,950£398,000-£1,95005 Jul 202315 Dec 2023163 Days
25 The Pingle, Quorn, Loughborough, Leicestershire, LE12 8FQ£850,000£795,000-£55,00029 Jun 202313 Dec 2023167 Days
91 Meeting Street, Quorn, Loughborough, Leicestershire, LE12 8EU£475,000£475,000£0021 Jul 202308 Dec 2023140 Days
34 Northage Close, Quorn, Loughborough, Leicestershire, LE12 8AT£700,000£680,000-£20,00029 Aug 202301 Dec 202394 Days
16 Sutton Close, Quorn, Loughborough, Leicestershire, LE12 8GA£224,950£224,950£0012 Jul 202316 Oct 202396 Days
10 Orchard Estate, Quorn, Loughborough, Leicestershire, LE12 8DZ£350,000£345,000-£5,00006 Apr 202316 Oct 2023193 Days
7 Mansfield Avenue, Quorn, Loughborough, Leicestershire, LE12 8BD£290,000£280,000-£10,00009 Jun 202315 Sep 202398 Days
26 Barrow Road, Quorn, Loughborough, Leicestershire, LE12 8DJ£199,950£194,000-£5,95029 Jun 202325 Aug 202357 Days
6 Spinney Drive, Quorn, Loughborough, Leicestershire, LE12 8HB£436,000£420,000-£16,00013 Apr 202308 Aug 2023117 Days
38 Freeman Way, Quorn, Loughborough, Leicestershire, LE12 8SQ£235,000£233,000-£2,00028 Apr 202301 Aug 202395 Days
4 Rupert Law Close, Quorn, Loughborough, Leicestershire, LE12 8PE£485,000£485,000£0023 May 202328 Jul 202366 Days
27 School Lane, Quorn, Loughborough, Leicestershire, LE12 8BL£225,000£225,000£0026 May 202327 Jul 202362 Days
101 Leicester Road, Quorn, Loughborough, Leicestershire, LE12 8BA£399,950£399,950£0024 May 202321 Jul 202358 Days
8 Church Lane, Quorn, Loughborough, Leicestershire, LE12 8DP£587,000£560,000-£27,00006 Apr 202314 Jul 202399 Days
16 Poulteney Drive, Quorn, Loughborough, Leicestershire, LE12 8EY£300,000£295,000-£5,00006 May 202330 Jun 202355 Days
35 Castledine Avenue, Quorn, Loughborough, Leicestershire, LE12 8DN£375,000£325,000-£50,00023 Jan 202329 Jun 2023157 Days
12a, The Pingle, Quorn, Loughborough, Leicestershire, LE12 8FQ£365,000£365,000£0020 Oct 202222 May 2023214 Days

Most Expensive Streets in Quorndon

PostcodeStreetAreaAverageNo. of Sales
LE12 8AABuddon LaneQuorn£1,122,7504
LE12 8AJWoodhouse RoadQuorn£974,2504
LE12 8AHToller RoadQuorn£729,90411
LE12 8ADChaveney RoadQuorn£717,0175
LE12 8ERCradock DriveQuorn£705,5005
LE12 8ABChaveney RoadQuorn£675,0003
LE12 8JNSanders RoadQuorn£647,5666
LE12 8AFElms DriveQuorn£608,3333
LE12 8ATNorthage CloseQuorn£569,6663
LE12 8FHChaveney WalkQuorn£564,6056

Least Expensive Streets in Quorndon

PostcodeStreetAreaAverageNo. of Sales
LE12 8FREpworth CourtQuorn£199,6663
LE12 8DJBarrow RoadQuorn£201,0004
LE12 8GASutton CloseQuorn£208,30421
LE12 8SQFreeman WayQuorn£209,55010
LE12 8DTHigh StreetQuorn£221,6663
LE12 8BHNursery LaneQuorn£228,00011
LE12 8AYFreehold StreetQuorn£236,70010
LE12 8UXBeardsley RoadQuorn£246,9009
LE12 8BXUnitt RoadQuorn£247,4217
LE12 8EASarson StreetQuorn£265,5006

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