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Oadby market report LE2, Leicester
The LE2 (Oadby) house price history in full, 1995 to 2026, in cash and in today's money. The raw material for this page is 46,572 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 August 2026 and ONS rents for May 2026. Refreshed monthly as new sales reach the register. Page updated 19 October 2026.
In short: 453 registered 2026 sales put the LE2 (Leicester) median at £255,000, up 4% on five years earlier, with a mean of £292,100, and by floor area homes here have averaged about £3,080 per square metre over the last five years. Everything rests on 46,572 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.
Where LE2 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.
LE2 sold prices: where the market stands
In the LE2 property market, the 2026 median sale price is £255,000, from 453 registered sales; the mean, the "average house price" most sites quote, is £292,100, 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 £3,080 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 11% below it.
The price of a typical LE2 home, 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 | £255,000 | £255,000 | 453 |
| 2025 | £260,000 | £266,217 | 1,081 |
| 2024 | £260,000 | £276,433 | 1,025 |
| 2023 | £260,000 | £285,677 | 1,030 |
| 2022 | £250,000 | £293,154 | 1,179 |
| 2021 | £245,000 | £310,202 | 1,363 |
| 2020 | £220,000 | £285,455 | 943 |
| 2019 | £200,000 | £262,152 | 1,193 |
| 2018 | £195,000 | £259,939 | 1,211 |
| 2017 | £172,000 | £234,591 | 1,315 |
| 2016 | £168,800 | £236,153 | 1,460 |
| 2015 | £155,000 | £219,015 | 1,363 |
| 2014 | £150,000 | £212,801 | 1,520 |
| 2013 | £148,000 | £212,957 | 1,116 |
| 2012 | £145,000 | £213,422 | 1,026 |
| 2011 | £145,700 | £219,951 | 1,085 |
| 2010 | £145,000 | £227,397 | 1,079 |
| 2009 | £140,000 | £225,051 | 1,054 |
| 2008 | £149,000 | £244,242 | 985 |
| 2007 | £146,600 | £248,674 | 2,030 |
| 2006 | £138,500 | £240,418 | 2,184 |
| 2005 | £139,500 | £248,254 | 1,769 |
| 2004 | £131,000 | £237,922 | 2,203 |
| 2003 | £112,000 | £206,331 | 2,107 |
| 2002 | £85,000 | £159,927 | 2,231 |
| 2001 | £70,000 | £134,571 | 2,215 |
| 2000 | £60,000 | £117,750 | 1,957 |
| 1999 | £59,000 | £117,584 | 2,010 |
| 1998 | £53,800 | £108,599 | 1,688 |
| 1997 | £50,000 | £102,540 | 1,543 |
| 1996 | £47,400 | £99,964 | 1,678 |
| 1995 | £48,000 | £104,345 | 1,476 |
In cash terms the typical LE2 home went from £48,000 in 1995 to £255,000 in 2026, roughly 5 times the price. Adjusted for inflation it still comes to a real rise of roughly 144%, 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 18% below it, so a peak-time purchase has yet to recover its real value.
Year-on-year change in the LE2 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 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 £422,500 against £132,000 for a flat, 3.2 times the price.
Median by property type, LE2
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 | £422,500 | 100 | 9,155 |
| Semi-detached | £269,000 | 154 | 16,157 |
| Terraced | £218,200 | 150 | 16,513 |
| Flats | £132,000 | 49 | 4,747 |
Annualised returns
| Period | Cash, per year | Real terms, per year |
|---|---|---|
| 1 year (since 2025) | −1.9% | −4.2% |
| 5 years (since 2021) | +0.8% | −3.8% |
| 6 years (since 2020) | +2.5% | −1.9% |
| 10 years (since 2016) | +4.2% | +0.8% |
| 20 years (since 2006) | +3.1% | +0.3% |
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
Sales per year, counted
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 last five years, month by month
Monthly registrations. The sawtooth is seasonal; the register runs weeks behind completions at the right-hand edge.
Over the last twelve months of data, 811 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 954 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.
Average monthly rent by size, Leicester
ONS Price Index of Private Rents, May 2026.
Against the £255,000 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)
Is LE2 (Oadby) a good place to buy a house?
How much did a house sell for in LE2 (Oadby)?
Are property prices falling in LE2 (Oadby)?
Are LE2 prices heading up or down?
That question has no honest answer, only evidence. The evidence: the median is up 4% over five years in cash but down 18% 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
Everything above is what homes in LE2 sold for. The live side of the market holds 279 homes at the moment, listed by 9 agents publishing to HomesIndex, at a typical asking price 2% above the LE2 median sold price.
LE2 registered 811 sales in the last twelve months; the 279 homes listed now would take about 4 months to clear at that rate. The count covers agents publishing to HomesIndex, so the real stock is larger.
10% of what is on the market here is asking below what comparable homes actually sold for. The comparison behind each listing uses recent recorded sales of similar homes close by.
"Under comparable sales" compares each asking price with what similar homes nearby actually sold for. It is a starting point for a conversation, not a valuation. Always look at the home itself.
See every LE2 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 is for sale against what sells in LE2
Flats are 37% of what is listed in LE2 but 11% of what sold over 2024 and 2025: the market is being offered more of them than it has been taking, which tends to give a buyer of one room to talk.
| Type | Share of homes for sale now | Share of sales, 2024 and 2025 |
|---|---|---|
| Detached | 0% | 23% |
| Semi-detached | 35% | 37% |
| Terraced | 28% | 30% |
| Flats | 37% | 11% |
Listings are the homes agents publish to HomesIndex today; sales are HM Land Registry registrations. A listing whose type does not say detached, semi-detached, terraced or flat (a plain "house", a bungalow, a park home) is left out of the listing shares.
The LE2 sales calendar
Take the 5,678 LE2 sales dated 2021 to 2025 and sort them by month: September completions lead with 10.0% of the total, April trails with 6.5%. The spread between the busiest and quietest months is small, so timing matters less here than in most markets; price and presentation decide more than the calendar.
Sales by month, 2021 to 2025
| Month | Sales | Share |
|---|---|---|
| January | 447 | 7.9% |
| February | 434 | 7.6% |
| March | 565 | 10.0% |
| April | 370 | 6.5% |
| May | 421 | 7.4% |
| June | 569 | 10.0% |
| July | 390 | 6.9% |
| August | 502 | 8.8% |
| September | 570 | 10.0% |
| October | 479 | 8.4% |
| November | 470 | 8.3% |
| December | 461 | 8.1% |
What another bedroom costs in LE
What homes of each size actually sold for across the LE area, from the Land Registry record. The jump between sizes is local: in some areas a third bedroom adds a quarter to the price, in others nearly four fifths, so a national rule of thumb will mislead you here.
| Type | 1 bed | 2 bed | 3 bed | 4 bed | 5 bed |
|---|---|---|---|---|---|
| Detached | £251,746 | £280,000 (+11%) | £329,500 (+18%) | £415,000 (+26%) | £525,000 (+27%) |
| Semi-detached | £205,000 | £230,000 (+12%) | £255,000 (+11%) | £303,000 (+19%) | £367,750 (+21%) |
| Terraced | £175,000 | £200,000 (+14%) | £219,775 (+10%) | £273,250 (+24%) | £328,000 (+20%) |
| Flat | £115,000 | £140,000 (+22%) | £187,500 (+34%) | £240,000 (+28%) | £311,500 (+30%) |
Built from the last four years of recorded sales by form and bedroom count. Bedroom counts are estimated from EPC records (the register carries none), so expect a small number of homes one size adrift. Sizes with too few homes to be meaningful are left blank.
The risers and the fallers
LE2 ranks 16 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
Cash-terms risers and fallers across the area; click any row for that district's full report.
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.
| Sector | Median (latest) | Sales that year |
|---|---|---|
| LE2 0 | £233,800 | 16 |
| LE2 1 | £227,500 | 37 |
| LE2 2 | £232,200 | 28 |
| LE2 3 | £355,000 | 59 |
| LE2 4 | £345,000 | 50 |
| LE2 5 | £324,500 | 54 |
| LE2 6 | £240,000 | 45 |
| LE2 7 | £167,200 | 22 |
| LE2 8 | £235,000 | 73 |
| LE2 9 | £230,000 | 69 |
How LE2 compares nearby
Same city, different markets. The neighbouring districts of the LE area, dearest first:
| District | Median | 5-year |
|---|---|---|
| LE14 | £333,200 | -1% |
| LE16 | £333,000 | +0% |
| LE17 | £323,000 | -2% |
| LE15 | £315,000 | +13% |
| LE7 | £311,000 | +6% |
| LE8 | £292,300 | +4% |
| LE6 | £292,000 | +17% |
| LE65 | £290,000 | -2% |
| LE5 | £275,000 | +15% |
| LE12 | £275,000 | +8% |
| LE19 | £275,000 | +5% |
| LE9 | £265,500 | +6% |
| LE4 | £265,000 | +15% |
| LE2 (this report) | £255,000 | +4% |
| LE18 | £255,000 | +11% |
| LE10 | £250,000 | +6% |
| LE3 | £247,500 | +15% |
| LE67 | £245,000 | +7% |
| LE13 | £235,000 | +4% |
| LE11 | £229,800 | +7% |
| LE1 | £117,000 | -8% |
Selling a home in LE2? 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 LE2, use the average prices map for a rough value: zoom from LE2's shading down to the sold homes on your own street. The figures above are every recorded LE2 sale; agents price with this same Land Registry record, and now you have it too.
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.