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Oadby market report LE2, Leicester

The standing LE2 (Oadby) property market report, rebuilt from the full public record every month. The raw material for this page is 46,481 HM Land Registry entries for LE2 (Leicester), going back to 1995: each an actual purchase at an actual price. Rents come from the ONS. Valuations, estimates and asking prices appear nowhere in it.

Covers registered sales to July 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register.

In short: 381 registered 2026 sales put the LE2 (Leicester) median at £257,000, up 5% on five years earlier, with a mean of £293,500, and by floor area homes here have averaged about £3,060 per square metre over the last five years. Everything rests on 46,481 completed HM Land Registry sales since 1995, refreshed monthly; valuations and asking prices play no part.

LE2 is the postcode district covering Oadby, Knighton, Highfields 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.

LE2 sold prices: where the market stands

In the LE2 property market, the 2026 median sale price is £257,000, from 381 registered sales; the mean, the "average house price" most sites quote, is £293,500, sitting modestly above it, the usual shape of a market with an expensive tail.

Price per square metre in LE2

The last five years of sales put LE2 at roughly £3,060 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.

Against a national (England and Wales) median of £285,000, LE2 runs 10% below it.

In cash terms the typical LE2 home went from £48,000 in 1995 to £257,000 in 2026, roughly 5 times the price. Adjusted for inflation it still comes to a real rise of roughly 146%, so homes here got dearer in substance, not only in cash. In inflation-adjusted terms the high-water mark was 2021. The market now sits about 17% below it, so a peak-time purchase has yet to recover its real value.

The strongest year on record here is 2003 (+31.8% on the year before); the weakest, 2009 (−6.0%). Single-year swings like these are why the annualised table below matters more than any one year's headline.

Detached, semi, terraced, flat: four markets in one

A single median hides the split beneath it. Sales of terraced homes dominate the record here, 35% of the typed total. A detached home currently trades at £427,500 against £130,000 for a flat, 3.3 times the price.

Annualised returns

The table annualises median growth over each period, with the real column deflated by ONS CPIH. Smoothing hides the cycle (see the chart above for it), and none of this forecasts: it is the record.

How many homes change hands in LE2

Over the last twelve months of data, 815 sales completed in LE2. Like most of England and Wales, turnover never fully recovered from 2008: the market here averaged 2,087 sales a year before the financial crisis and 935 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 homes rent for around LE2

LE2 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.

Against the £257,000 median purchase price, a rent of £1,024 a month (£12,288 a year) works out at a 4.8% 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 LE2 trades

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.

Common questions on LE2 (Oadby)

Are LE2 prices heading up or down?

That question has no honest answer, only evidence. The evidence: the median is up 5% over five years in cash but down 17% after inflation. Weigh the volume chart alongside the price one before deciding anything, and bear in mind every figure is a completed sale that reached the register weeks after completion.

LE2's current homes for sale

What another bedroom costs in LE

The risers and the fallers

LE2 ranks 13 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.

Inside LE2, sector by sector

Below district level sit the sectors, street groups with reports of their own, and the gaps between neighbouring ones can be sharp.

How LE2 compares nearby

Same city, different markets. The neighbouring districts of the LE area, dearest first:

Selling a home in LE2? Price it on the evidence

Go deeper

Behind the answers sits the same Land Registry record as this page, with LE2 already set as the subject. Free, one click sign in.

See every individual LE2 sale on the live map, mapped to the exact address, or zoom the average prices map from neighbourhood shading down to single homes. The report tool writes a custom answer to a specific question, and the mortgage and rent calculator on any sale runs the numbers on a real purchase.

Method, briefly: HM Land Registry Price Paid Data (Crown copyright, OGL v3.0) supplies every sale, geocoded to address level; CPIH from the ONS restates prices in today's money; ONS local-authority figures supply the rents. Medians of real sales, not valuations. No part of this page is financial advice.