The average property value in Leicester is £229,715 according to property sale data for the year ending June 2021 published by HM Land Registry. Between the years ending June 2020 and June 2021, property values in Leicester grew by £30,192. Compare house prices by area
Average property prices in Leicester grew by 15.1% between the years ending June 2020 and June 2021. Between the years ending June 2011 and June 2021, property prices on average grew by 5.2% per year.
If prices in Leicester continue to rise by 5.2% a year, the average property price will be £280,905 in 2025.
There were 2,213 property sales in Leicester in the year ending June 2021, a decrease of 154 when compared to the previous year.
The average price for a house in Leicester ranges from £191,568 for a terraced house to £357,140 for a detached house, with semi-detached in between costing on average £237,544.
The average price for a flat or maisonette in Leicester is £126,605.
Price trends for small areas may be less statistically significant due to small sample sizes.
Of the property types in Leicester, semi-detached house prices have risen the most between the years ending 2011 and 2021, and flat prices have grown the least.
Detached house prices have risen 50.8% from £236,906 to £357,140, semi-detached house prices have risen 65.8% from £143,276 to £237,544, terraced house prices have risen 60.4% from £119,464 to £191,568, and flat prices have risen 34.9% from £93,848 to £126,605.
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The most common type of property sold in Leicester during the year ending June 2021 was semi-detached houses, which accounted for 38.0% of properties.
The least commonly available type of property sold in Leicester were flats, which account for 8.6% of properties sold.
Of the properties sold in Leicester during 2021, 0.2% were new build properties.
The average price paid for a new build property in Leicester was £110,620 higher than the average price paid for an existing property.
Of the new build properties sold, the most common type was detached houses (100% of new build properties sold). For existing properties, the most common type is terraced houses (39% of existing properties sold).
The most common price band for property sales in Leicester is £200k - £300k, which accounted for 26.6% of properties sold in 2021.
The cheapest properties in Leicester were in the under £50k price bracket, accounting for 0.1% of sales.
Average property price
YoY change in price
Average Property Price
YoY CHANGE in PRICE
Source: Office for National Statistics licensed under the Open Government Licence v.3.0. Contains OS data © Crown copyright and database right 2021. Data sources: ONS Local statistics