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Leicester market report LE1
The LE1 (Leicester) house price history in full, 1995 to 2026, in cash and in today's money. Underneath every chart here sit 3,670 registered sales in LE1 (Leicester) since 1995, the HM Land Registry record of what buyers really paid, with ONS figures covering rents. Nothing is a valuation, an estimate or an asking price.
Sales recorded to July 2026; rents are ONS figures for May 2026. The page rebuilds with each monthly release.
In short: the middle 2026 sale in LE1 (Leicester) came in at £117,000, out of 24 registered, down 8% on five years earlier, and the mean stands at £121,400, and by floor area homes here have averaged about £2,040 per square metre over the last five years. The record behind it is 3,670 completed sales lodged with HM Land Registry since 1995, monthly refreshed, with no valuations or asking prices anywhere in the figures.
LE1 is the postcode district covering Leicester in Leicester. Districts are a practical way to slice a market: small enough to mean something locally, big enough to have a steady flow of sales to measure.
Where LE1 sits
Shaded by median price on the same scale as the average prices map. Click any shape to open it on the live map with every sale plotted at its address, or zoom in past street level to see the sold homes right here.
LE1 sold prices: where the market stands
Across 24 registered 2026 sales, the typical (median) LE1 home went for £117,000. The mean is £121,400, almost on top of it, so sales bunch tightly around the typical price.
House prices per square metre in LE1
The last five years of sales put LE1 at roughly £2,040 per square metre. That figure, built from each sale's Energy Performance Certificate floor area, is the one that makes a small flat and a big house comparable.
For scale: the England and Wales median is £285,000, so LE1 trades 59% below the country as a whole.
LE1's median sold price, 1995 to 2026
Two lines: the median in the money of its day, and the same years restated by ONS CPIH into today's money, which is the truer test of getting dearer. Hover for exact figures; click a legend entry to isolate a series.
See this chart as a table
| Year | Median (cash) | Median (today's £) | Sales |
|---|---|---|---|
| 2026 | £117,000 | £117,000 | 24 |
| 2025 | £128,000 | £131,061 | 55 |
| 2024 | £118,000 | £125,458 | 59 |
| 2023 | £132,500 | £145,585 | 68 |
| 2022 | £127,500 | £149,508 | 84 |
| 2021 | £126,700 | £160,419 | 76 |
| 2020 | £110,000 | £142,727 | 65 |
| 2019 | £125,000 | £163,845 | 91 |
| 2018 | £145,000 | £193,288 | 170 |
| 2017 | £115,000 | £156,848 | 132 |
| 2016 | £120,000 | £167,881 | 253 |
| 2015 | £115,000 | £162,495 | 176 |
| 2014 | £98,700 | £140,023 | 128 |
| 2013 | £105,000 | £151,085 | 84 |
| 2012 | £95,000 | £139,828 | 93 |
| 2011 | £88,000 | £132,846 | 109 |
| 2010 | £85,000 | £133,302 | 168 |
| 2009 | £89,000 | £143,068 | 89 |
| 2008 | £125,000 | £204,901 | 112 |
| 2007 | £135,000 | £228,998 | 248 |
| 2006 | £131,800 | £228,788 | 335 |
| 2005 | £130,000 | £231,348 | 196 |
| 2004 | £123,000 | £223,392 | 260 |
| 2003 | £125,800 | £231,754 | 181 |
| 2002 | £124,000 | £233,305 | 136 |
| 2001 | £102,500 | £197,051 | 68 |
| 2000 | £96,500 | £189,381 | 64 |
| 1999 | £75,000 | £149,471 | 46 |
| 1998 | £45,000 | £90,836 | 15 |
| 1997 | £53,000 | £108,692 | 30 |
| 1996 | £45,000 | £94,903 | 28 |
| 1995 | £54,000 | £117,388 | 27 |
In cash terms the typical LE1 home went from £54,000 in 1995 to £117,000 in 2026, roughly 2.2 times the price. In today's money, though, the move is modest, around 0%. The cash growth mostly records inflation, with homes themselves changing little in real value. The real-terms peak came in 2002, and today's median remains roughly 50% under it: a 2002 buyer is still waiting to get that price back in today's money.
Year-on-year change in the LE1 median
Each bar is the change on the year before, in cash. The zero line is the boundary between rising and falling.
The strongest year on record here is 1999 (+66.7% on the year before); the weakest, 2009 (−28.8%). Single-year swings like these are why the annualised table below matters more than any one year's headline.
The long view: annualised growth
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 years (since 2025) | −8.6% | −10.7% |
| 5 years (since 2021) | −1.6% | −6.1% |
| 10 years (since 2016) | −0.3% | −3.5% |
| 20 years (since 2006) | −0.6% | −3.3% |
Compound annual growth of the median sold price; the real column deflates by ONS CPIH. Annualised figures smooth the cycle (the chart above shows the cycle), and past growth is a record, not a forecast.
Detached, semi, terraced, flat: four markets in one
A single median hides the split beneath it. Sales of flats dominate the record here, 89% of the typed total. In 2005, the last year both were recorded here, a detached home traded at £170,000 against £129,800 for a flat, a 31% premium.
Median by property type, LE1
One line per type, years with too few sales omitted. Hover for the year's figures; click a legend entry to isolate a type.
| Type | Median (2026) | Sales that year | All-time sales |
|---|---|---|---|
| Detached | £170,000 (2005) | – | 31 |
| Semi-detached | £136,200 (2012) | – | 60 |
| Terraced | £250,000 (2024) | – | 305 |
| Flats | £117,000 | 23 | 3,179 |
Transaction volumes
The year-by-year sales count
Recorded sales per year. The dip after 2008 is the financial crisis; the last bar is still filling in as recent sales get registered.
The monthly pulse, last five years
Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.
LE1 recorded 46 sales in the last twelve months of data. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 186 sales a year before the financial crisis and 58 a year over the last five. Volume matters as much as price: when few homes change hands, the median gets jumpy and a single street can move the figure. The most recent year is always still filling in, because sales appear in the Land Registry weeks or months after completion.
What tenants pay around LE1
LE1 falls under Leicester, where the ONS puts the average private rent at £1,024 a month (May 2026 figures). Size sets most of the rent: one-beds average £717 a month here against £1,459 for four or more bedrooms.
Average monthly rent by size, Leicester
ONS Price Index of Private Rents, May 2026.
Against the £117,000 median purchase price, a rent of £1,024 a month (£12,288 a year) works out at a 10.5% gross yield, a ceiling figure that ignores letting costs, voids, maintenance and tax. Because rents are local-authority statistics, districts sharing the authority share the figure.
How LE1 trades
This is a thin market: 46 sales in the last twelve months of data. With that few transactions, one street selling well (or one block of cheap transfers) can move the median, so read the year lines as a range rather than a verdict. The record here is jumpy: year-on-year moves of ten per cent or more are common in the chart above, mostly a function of which homes happened to sell rather than the market lurching. By median price LE1 sits at the bottom of its postcode area: the cheapest way in, with the least expectation already in the price.
Asked and answered: LE1 (Leicester)
Are property prices falling in LE1 (Leicester)?
Is LE1 (Leicester) a good place to buy a house?
How much did a house sell for in LE1 (Leicester)?
What happens to LE1 prices now?
Nobody can tell you that, and this page will not pretend to. What the record shows: the median is down 8% over five years in cash but down 27% after inflation. If you are weighing a purchase, read the volume chart alongside the price one, and remember that every figure here is a completed sale, lagged by the weeks it takes the Land Registry to register it.
On the market in LE1 today
Everything above is what homes in LE1 sold for. Turning to what is actually available: 106 homes on the market right now, from 10 agents publishing to HomesIndex, at a typical asking price 6% below the LE1 median sold price.
21% of current listings sit under the prices comparable homes actually fetched. Every listing is measured against recent recorded sales of similar nearby homes.
- Duke Street, City Centre, Leicester, LE1, Leicester
- Wimbledon Street, Leicester, Leiceste...
- Marquis Street, Leicester
"Under comparable sales" means the asking price sits below what similar homes nearby actually fetched. Treat it as the start of a conversation, never a valuation, and always view the home.
See every LE1 home for sale on the map →
Live asking prices from estate agents who publish a feed to HomesIndex, refreshed every Monday and Thursday: a sample of the market, not every home for sale. Asking prices are not sale prices.
What another bedroom costs in LE
What homes of each size actually sold for across the LE area, from the Land Registry record. How much a size step costs is a local fact: the third-bedroom premium runs from about a quarter to nearly four fifths depending on the area, and national rules of thumb miss it.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | — | £285,000 | £380,000 (+33%) | £560,000 (+47%) | £795,000 (+42%) |
| Semi-detached | £210,000 | £242,000 (+15%) | £282,000 (+17%) | £360,000 (+28%) | £500,000 (+39%) |
| Terraced | £183,000 | £205,000 (+12%) | £243,500 (+19%) | £310,000 (+27%) | £402,500 (+30%) |
| Flat | £125,000 | £152,750 (+22%) | £210,000 (+37%) | — | — |
Four years of recorded sales, split by built form and bedroom count. The register does not state bedrooms, so sizes come from each home's EPC record and a few homes will land one size out. Blank cells mean too few homes for the figure to mean anything.
The risers and the fallers
LE1 ranks 21 of 21 in the LE area on five-year growth. The gap between the top and bottom of this chart is the difference between buying well and buying badly in the same city.
Five-year change in the median, LE area districts
The biggest risers and fallers in cash terms; every row links to that district's report.
Inside LE1, sector by sector
The next slice down is the postcode sector: a group of streets, each with its own report. Two sectors a short walk apart can trade at sharply different prices.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| LE1 1 | £101,600 | 8 |
| LE1 3 | £82,500 | 7 |
| LE1 4 | £138,500 | 3 |
| LE1 5 | £268,000 | 1 |
| LE1 6 | £205,000 | 3 |
| LE1 7 | £136,000 | 2 |
How LE1 compares nearby
Same city, different markets. The neighbouring districts of the LE area, dearest first:
| District | Median | 5-year |
|---|---|---|
| LE16 | £332,500 | +0% |
| LE14 | £324,000 | -3% |
| LE17 | £315,000 | -5% |
| LE7 | £312,200 | +7% |
| LE15 | £301,200 | +8% |
| LE65 | £292,500 | -1% |
| LE8 | £290,000 | +4% |
| LE19 | £286,500 | +9% |
| LE6 | £278,000 | +11% |
| LE5 | £276,500 | +15% |
| LE12 | £275,000 | +8% |
| LE4 | £265,000 | +15% |
| LE9 | £265,000 | +6% |
| LE2 | £257,000 | +5% |
| LE18 | £255,000 | +11% |
| LE10 | £254,000 | +8% |
| LE3 | £242,200 | +13% |
| LE67 | £240,000 | +4% |
| LE13 | £233,000 | +4% |
| LE11 | £230,000 | +7% |
| LE1 (this report) | £117,000 | -8% |
Selling a home in LE1? Price it on the evidence
Start from what homes here actually sold for, not an estimate. Before booking a house valuation or flat valuation in LE1, use the average prices map for a rough value: zoom from LE1's shading down to the sold homes on your own street. The figures above are every recorded LE1 sale; agents price with this same Land Registry record, and now you have it too.
For local estate agents: each district report carries one featured-agent spot, free while founding places last. Claim LE1.
Keep digging
Behind the answers sits the same Land Registry record as this page, with LE1 already set as the subject. Free, one click sign in.
Two maps carry on from here: every LE1 sale at its exact address, and the average prices map from area shading down to single homes. The report tool answers a specific question in writing, and each sale's mortgage and rent calculator prices a real purchase.
How this page is made: the statistics are computed from HM Land Registry Price Paid Data (Crown copyright, OGL v3.0), geocoded to address level; inflation adjustment uses the ONS CPIH index; rents are the ONS Price Index of Private Rents at local-authority level. Medians of recorded sales, not valuations. Nothing on this page is financial advice.