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Sileby House Prices Sileby House Prices

The average house price in Sileby is £242,800 using HM Land Registry data.

The average property price increased by £101,799 (52.26%) over the last 5 years and increased by £20,345 (7.36%) over the last 12 months.

Over the last year, there were 118 residential property sales – a decrease of 129 transactions (-109.32%) relative to the previous year. The majority of house sales (40) were in the £204,000 - £248,000 range. Then came properties in the £248,000 - £292,000 range, where 22 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 66 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 11 new estate agency instructions, 21 agreed home sales and 7 property price reductions.

Postcodes Covered: LE12

5-Year Average Property Prices in Sileby

52.26%

Property prices in Sileby increased by 52.26% 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 Sileby Over the Last Year

7.36%

Property prices in Sileby increased by 7.36% 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 Sileby - 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 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some 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 Sileby

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 Sileby

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 Sileby

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 Sileby since 1995

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

Recent Property Sales in Sileby

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
22 Highbridge, Sileby, Loughborough, Leicestershire, LE12 7LG£130,000£130,000£0031 Oct 202311 Mar 2024132 Days
2 Lynton Close, Sileby, Loughborough, Leicestershire, LE12 7QZ£325,000£310,000-£15,00022 Oct 202326 Jan 202496 Days
37 Gray Lane, Sileby, Loughborough, Leicestershire, LE12 7GS£245,000£237,500-£7,50028 Apr 202315 Dec 2023231 Days
162 Ratcliffe Road, Sileby, Loughborough, Leicestershire, LE12 7QA£280,000£275,000-£5,00020 Sep 202308 Dec 202379 Days
37 Collingwood Drive, Sileby, Loughborough, Leicestershire, LE12 7NT£227,500£220,000-£7,50013 Sep 202308 Dec 202386 Days
2 Quaker Road, Sileby, Loughborough, Leicestershire, LE12 7SA£310,000£295,000-£15,00023 Aug 202307 Dec 2023106 Days
23 Wards Crescent, Sileby, Loughborough, Leicestershire, LE12 7QF£245,000£240,000-£5,00023 May 202301 Dec 2023192 Days
196 Ratcliffe Road, Sileby, Loughborough, Leicestershire, LE12 7QB£210,000£203,000-£7,00011 Apr 202301 Dec 2023234 Days
19 Swan Street, Sileby, Loughborough, Leicestershire, LE12 7NN£139,950£135,000-£4,95014 Aug 202330 Nov 2023108 Days
43 Seagrave Road, Sileby, Loughborough, Leicestershire, LE12 7TN£260,000£255,000-£5,00002 Feb 202309 Nov 2023280 Days
2 Gray Lane, Sileby, Loughborough, Leicestershire, LE12 7GS£239,950£232,500-£7,45021 Jun 202303 Nov 2023135 Days
3 Hobbs Wick, Sileby, Loughborough, Leicestershire, LE12 7SF£200,000£195,000-£5,00013 Jun 202327 Oct 2023136 Days
173 Seagrave Road, Sileby, Loughborough, Leicestershire, LE12 7NH£379,950£375,000-£4,95004 May 202327 Oct 2023176 Days
5 Gray Lane, Sileby, Loughborough, Leicestershire, LE12 7GS£239,950£235,000-£4,95002 Jun 202320 Oct 2023140 Days
1 Claire Court, Sileby, Loughborough, Leicestershire, LE12 7QY£325,000£325,000£0011 Jul 202319 Oct 2023100 Days
97 Seagrave Road, Sileby, Loughborough, Leicestershire, LE12 7TW£375,000£365,000-£10,00001 Jul 202319 Oct 2023110 Days
53 Ratcliffe Road, Sileby, Loughborough, Leicestershire, LE12 7PU£239,950£239,950£0026 Jul 202319 Oct 202385 Days
23 North Hill Close, Sileby, Loughborough, Leicestershire, LE12 7PS£235,000£230,000-£5,00008 May 202316 Oct 2023161 Days
6 Kilbourne Close, Sileby, Loughborough, Leicestershire, LE12 7SD£250,000£250,000£0008 Aug 202313 Oct 202366 Days
24 Gray Lane, Sileby, Loughborough, Leicestershire, LE12 7GS£245,000£242,500-£2,50006 Jul 202310 Oct 202396 Days

Most Expensive Streets in Sileby

PostcodeStreetAreaAverageNo. of Sales
LE12 7YFStanley DriveSileby£504,7454
LE12 7DFBray CloseSileby£429,2504
LE12 7XEExcelsior WaySileby£399,83851
LE12 7RLHerrick CloseSileby£382,0005
LE12 7DPJenham DriveSileby£348,71816
LE12 7NHSeagrave RoadSileby£336,8754
LE12 7TAAlbert AvenueSileby£336,5004
LE12 7RSCossington RoadSileby£336,0007
LE12 7WUWattle CloseSileby£328,1568
LE12 7TWSeagrave RoadSileby£327,8229

Least Expensive Streets in Sileby

PostcodeStreetAreaAverageNo. of Sales
LE12 7DRBrook StreetSileby£117,3333
LE12 7LGHighbridgeSileby£123,9287
LE12 7UWBradgate CloseSileby£131,33315
LE12 7PHCemetery RoadSileby£139,15010
LE12 7NNSwan StreetSileby£147,14814
LE12 7RNMoir CloseSileby£155,12510
LE12 7PDLanes CloseSileby£156,0004
LE12 7NAKing StreetSileby£156,6663
LE12 7LPBarrow RoadSileby£161,0007
LE12 7RZManor DriveSileby£165,7504

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