Key indicators for buyers
The LE2 market is moderately favourable for buyers. Prices have softened (-13.0%), which could present a buying opportunity. Affordability has improved from a peak of 7.7x in 2022 to 7.2x today. Rising rents (£1,024/mo, +4.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Leicester area
A home in Leicester costs 7.2x the local median salary — moderate, improving from a peak of 7.7x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Leicester area
Average monthly rent in Leicester is £1,024, up 4.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Leicester price of £266,235 with a 25% deposit (£67k), a 2-year fixed mortgage at 3.97% costs around £1,051 per month.
Monthly cost comparison based on current data
Uses LE2 avg. price with Leicester rental data
Monthly mortgage payments (£1,051) are £27 more than renting (£1,024). However, buying requires an upfront deposit of £67k — it would take around 9 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
2, RED HOUSE CLOSE LE2 9LX | Terraced | £150,000 | 26 Jan 2026 |
60, HOWARD ROAD, GLEN PARVA LE2 9JG | Detached | £312,500 | 23 Jan 2026 |
15, SANDHURST STREET, OADBY LE2 5AR | Terraced | £170,000 | 23 Jan 2026 |
8, THURLOW ROAD LE2 1YE | Terraced | £325,000 | 16 Jan 2026 |
20, ELLIOT CLOSE, OADBY LE2 4UN | Detached | £475,000 | 16 Jan 2026 |
19, KNIGHTON FIELDS ROAD EAST LE2 6DP | Terraced | £235,000 | 16 Jan 2026 |
1, OXFORD AVENUE LE2 1HP | Terraced |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in LE2 sold for £266,235 in 2026, with a median of £235,000 across 17 transactions. Prices fell 13.0% compared to the previous year.
| £97,000 |
| 15 Jan 2026 |
9, RICHMOND WAY, OADBY LE2 5TR | Detached | £387,500 | 15 Jan 2026 |
21, ELSTON FIELDS LE2 6NH | Semi-detached | £242,000 | 14 Jan 2026 |
28, GLEN WAY, OADBY LE2 5YE | Detached | £527,000 | 14 Jan 2026 |
54, KNIGHTSBRIDGE ROAD, GLEN PARVA LE2 9TZ | Terraced | £175,000 | 13 Jan 2026 |
36, CRANFIELD ROAD LE2 8QQ | Semi-detached | £235,000 | 13 Jan 2026 |
61, WIGSTON LANE, AYLESTONE LE2 8TH | Terraced | £190,000 | 12 Jan 2026 |
27, MILLIGAN ROAD LE2 8FF | Terraced | £215,000 | 9 Jan 2026 |
47, ROSEMEAD DRIVE, OADBY LE2 5SB | Semi-detached | £272,000 | 9 Jan 2026 |
12, HOLYWELL ROAD LE2 8SG | Detached | £288,000 | 9 Jan 2026 |
86, WHITTENEY DRIVE NORTH LE2 9AP | Semi-detached | £230,000 | 6 Jan 2026 |
5, ROSEMEAD DRIVE, OADBY LE2 5SB | Semi-detached | £310,000 | 22 Dec 2025 |
25, FROME AVENUE, OADBY LE2 4GB | Semi-detached | £235,000 | 19 Dec 2025 |
36, BRAMBLING WAY, OADBY LE2 5PA | Detached | £435,000 | 19 Dec 2025 |
The most recent recorded sale in LE2 was a terraced property on Red House Close for £150,000 in January 2026. Across the last 20 sales, the median price was £242,000.