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Shepshed House Prices Shepshed House Prices

The average house price in Shepshed is £220,827 using HM Land Registry data.

The average property price increased by £47,650 (22.52%) over the last 5 years and increased by £9,523 (3.81%) over the last 12 months.

Over the last year, there were 160 residential property sales – a decrease of 131 transactions (-81.88%) relative to the previous year. The majority of house sales (40) were in the £210,000 - £250,000 range. Then came properties in the £170,000 - £210,000 range, where 29 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 57 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 46 new estate agency instructions, 26 agreed home sales and 24 property price reductions.

Postcodes Covered: LE12

5-Year Average Property Prices in Shepshed

22.52%

Property prices in Shepshed increased by 22.52% 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 Shepshed Over the Last Year

3.81%

Property prices in Shepshed increased by 3.81% 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 Shepshed - 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 Shepshed

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 Shepshed

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 Shepshed

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 Shepshed since 1995

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

Recent Property Sales in Shepshed

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
30 Belfry Place, Shepshed, Loughborough, Leicestershire, LE12 9FP£250,000£250,000£0004 Oct 201829 Feb 20241974 Days
39 Quantock Rise, Shepshed, Loughborough, Leicestershire, LE12 9JR£245,000£242,500-£2,50022 Sep 202320 Feb 2024151 Days
1a, The Parade, Shepshed, Loughborough, Leicestershire, LE12 9QS£79,995£60,000-£19,99512 Jun 201726 Jan 20242419 Days
23 Pennine Close, Shepshed, Loughborough, Leicestershire, LE12 9HE£135,000£133,500-£1,50015 Jun 202319 Jan 2024218 Days
72 Forest Street, Shepshed, Loughborough, Leicestershire, LE12 9DA£200,000£192,000-£8,00023 Oct 202312 Jan 202481 Days
18 Northwood Drive, Shepshed, Loughborough, Leicestershire, LE12 9SL£200,000£190,000-£10,00026 Jul 202320 Dec 2023147 Days
14 Kings Road, Shepshed, Loughborough, Leicestershire, LE12 9HT£150,000£144,000-£6,00030 Aug 202320 Dec 2023112 Days
34 Radnor Drive, Shepshed, Loughborough, Leicestershire, LE12 9SA£219,950£219,950£0011 Sep 202319 Dec 202399 Days
35 Northwood Drive, Shepshed, Loughborough, Leicestershire, LE12 9SL£228,000£225,000-£3,00020 Sep 202315 Dec 202386 Days
48 Glenmore Avenue, Shepshed, Loughborough, Leicestershire, LE12 9LH£225,000£225,000£0030 Aug 202313 Dec 2023105 Days
31 Leicester Road, Shepshed, Loughborough, Leicestershire, LE12 9DF£180,000£164,000-£16,00011 May 202324 Nov 2023197 Days
3 Griffin Close, Shepshed, Loughborough, Leicestershire, LE12 9QQ£140,000£140,000£0019 Jul 202310 Nov 2023114 Days
52 Trueway Drive, Shepshed, Loughborough, Leicestershire, LE12 9HG£200,000£195,000-£5,00026 Apr 202306 Nov 2023194 Days
29a, Cumbrian Way, Shepshed, Loughborough, Leicestershire, LE12 9BP£195,000£189,000-£6,00002 Aug 202303 Nov 202393 Days
30 Paterson Place, Shepshed, Loughborough, Leicestershire, LE12 9RX£175,000£165,000-£10,00018 Jul 202331 Oct 2023105 Days
45 Abbey Close, Shepshed, Loughborough, Leicestershire, LE12 9EH£370,000£360,000-£10,00028 Feb 202327 Oct 2023241 Days
10 Belvoir Way, Shepshed, Loughborough, Leicestershire, LE12 9PY£220,000£212,500-£7,50023 May 202327 Oct 2023157 Days
80 Oakley Road, Shepshed, Loughborough, Leicestershire, LE12 9AX£275,000£270,000-£5,00026 May 202323 Oct 2023150 Days
26 Paradise Close, Shepshed, Loughborough, Leicestershire, LE12 9PG£375,000£375,000£0008 Jun 202313 Oct 2023127 Days
19 Chapel Street, Shepshed, Loughborough, Leicestershire, LE12 9AF£165,000£155,000-£10,00010 Jul 202306 Oct 202388 Days

Most Expensive Streets in Shepshed

PostcodeStreetAreaAverageNo. of Sales
LE12 9ELBrick Kiln LaneShepshed£559,5008
LE12 9ETJolly Farmers LaneShepshed£499,3333
LE12 9EXMoscow LaneShepshed£448,3333
LE12 9LYTickow LaneShepshed£416,8754
LE12 9FSIris CloseShepshed£404,62516
LE12 9ERIveshead RoadShepshed£393,3333
LE12 9EJBrick Kiln LaneShepshed£381,7205
LE12 9FBWellingtonia CloseShepshed£373,7504
LE12 9FJFoxglove DriveShepshed£363,56216
LE12 9GFThimble Mill CloseShepshed£360,53813

Least Expensive Streets in Shepshed

PostcodeStreetAreaAverageNo. of Sales
LE12 9BGBrendon CloseShepshed£67,1005
LE12 9QQGriffin CloseShepshed£108,24826
LE12 9ALField StreetShepshed£119,2504
LE12 9HFSnowdon CloseShepshed£121,8333
LE12 9DLLoughborough RoadShepshed£128,3333
LE12 9ANHall CroftShepshed£130,8333
LE12 9SFBlacksmiths AvenueShepshed£133,9833
LE12 9QWSpringfield RoadShepshed£141,9005
LE12 9HEPennine CloseShepshed£142,1505
LE12 9UQKidger CloseShepshed£142,9287

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