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Ratby House Prices Ratby House Prices

The average house price in Ratby is £570,000 using HM Land Registry data.

The average property price increased by £64,648 (32.28%) over the last 5 years and increased by £12,921 (5.13%) over the last 12 months.

Over the last year, there were 46 residential property sales – a decrease of 45 transactions (-97.83%) relative to the previous year. The majority of house sales (12) were in the £210,000 - £240,000 range. Then came properties in the £270,000 - £300,000 range, where 9 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 53 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-20,739 (-5%).

In April 2024, there were 17 new estate agency instructions, 12 agreed home sales and 3 property price reductions.

Postcodes Covered: LE6

5-Year Average Property Prices in Ratby

32.28%

Property prices in Ratby increased by 32.28% 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 Ratby Over the Last Year

5.13%

Property prices in Ratby increased by 5.13% 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 Ratby - 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 Ratby

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 Ratby

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 Ratby

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 Ratby since 1995

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

Recent Property Sales in Ratby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
23 Overfield Close, Ratby, Leicester, Leicestershire, LE6 0JX£270,000£265,000-£5,00012 Sep 202329 Feb 2024170 Days
12 Bell Close, Ratby, Leicester, Leicestershire, LE6 0NU£325,000£320,000-£5,00005 Oct 202322 Feb 2024140 Days
25a, Church Lane, Ratby, Leicester, Leicestershire, LE6 0JF£575,000£570,000-£5,00016 Mar 202319 Dec 2023278 Days
3 Stamford Close, Ratby, Leicester, Leicestershire, LE6 0HW£220,000£217,500-£2,50020 Apr 202317 Nov 2023211 Days
44 Charnwood, Ratby, Leicester, Leicestershire, LE6 0LD£240,000£234,000-£6,00024 Jul 202307 Nov 2023106 Days
14 Overfield Walk, Ratby, Leicester, Leicestershire, LE6 0JZ£220,000£220,000£0024 May 202314 Sep 2023113 Days
79 Stamford Street, Ratby, Leicester, Leicestershire, LE6 0JT£170,000£170,000£0019 Apr 202308 Sep 2023142 Days
97 Stamford Street, Ratby, Leicester, Leicestershire, LE6 0JT£220,000£217,000-£3,00022 May 202308 Sep 2023109 Days
44 Nicholas Drive, Ratby, Leicester, Leicestershire, LE6 0NJ£280,000£277,500-£2,50009 Jun 202329 Aug 202381 Days
34 Berrys Lane, Ratby, Leicester, Leicestershire, LE6 0JA£150,000£140,000-£10,00021 Dec 202225 Aug 2023247 Days
91 Markfield Road, Ratby, Leicester, Leicestershire, LE6 0LT£250,000£245,000-£5,00022 Mar 202322 Aug 2023153 Days
6 Bumblebee Close, Ratby, Leicester, Leicestershire, LE6 0PB£245,000£242,500-£2,50006 Apr 202318 Aug 2023134 Days
12 Wolsey Drive, Ratby, Leicester, Leicestershire, LE6 0XW£235,000£227,000-£8,00009 May 202317 Aug 2023100 Days
21 Cottage Close, Ratby, Leicester, Leicestershire, LE6 0XY£285,000£275,000-£10,00016 Jan 202302 Aug 2023198 Days
65 Markfield Road, Ratby, Leicester, Leicestershire, LE6 0LT£300,000£285,000-£15,00019 Apr 202331 Jul 2023103 Days
160 Markfield Road, Ratby, Leicester, Leicestershire, LE6 0LS£250,000£250,000£0021 Mar 202324 Jul 2023125 Days
95 Stamford Street, Ratby, Leicester, Leicestershire, LE6 0JT£195,000£189,000-£6,00022 Feb 202306 Jul 2023134 Days
2 Woodley Road, Ratby, Leicester, Leicestershire, LE6 0NZ£230,000£220,000-£10,00017 Oct 202230 Jun 2023256 Days
56 Danehill, Ratby, Leicester, Leicestershire, LE6 0NG£290,000£290,000£0022 Feb 202330 Jun 2023128 Days
73 Stamford Street, Ratby, Leicester, Leicestershire, LE6 0JT£200,000£193,000-£7,00015 Mar 202330 Jun 2023107 Days

Most Expensive Streets in Ratby

PostcodeStreetAreaAverageNo. of Sales
LE6 0QSChurch Ponds CloseRatby£380,4005
LE6 0LJGroby RoadRatby£358,1235
LE6 0HQTaverner DriveRatby£355,0003
LE6 0XBHeathbrook DriveRatby£351,8754
LE6 0JFChurch LaneRatby£316,6005
LE6 0SAAstill CloseRatby£313,3333
LE6 0LLMain StreetRatby£311,6663
LE6 0LTMarkfield RoadRatby£310,7506
LE6 0JHMill DriveRatby£310,2504
LE6 0ASFielding LaneRatby£309,4449

Least Expensive Streets in Ratby

PostcodeStreetAreaAverageNo. of Sales
LE6 0HUClumber CourtPark Road£122,5075
LE6 0PPStephenson DriveRatby£136,2504
LE6 0JABerrys LaneRatby£153,84613
LE6 0JGMain StreetRatby£168,6663
LE6 0JTStamford StreetRatby£174,23013
LE6 0JRStation RoadRatby£177,21322
LE6 0HRMartin SquareRatby£181,2504
LE6 0JZOverfield WalkRatby£182,6254
LE6 0NSCardinal CloseRatby£187,5004
LE6 0AQBrook DriveRatby£192,3339

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