Leicester Property Market Overview
Major city with two universities, strong BTL market, and significant cultural quarter regeneration
The Leicester property market recorded 1,930 residential sales over the past 12 months, with a median sale price of £235,000. This places Leicester £20k below the Leicestershire county median of £255,000, and £50k below the UK national median of £285,000.
Prices in Leicester have shown broadly stable, with a year-on-year change of 0%. Within Leicestershire, Leicester ranks 7th by price out of 7 principal towns, and 1st by transaction volume.
Leicester House Prices by Property Type
Property prices in Leicester vary significantly by type. The table below compares Leicester prices with Leicestershire county averages and UK national figures.
| Type | Leicester | Leicestershire Avg | UK Avg |
|---|---|---|---|
| Detached | £359,000 | £370,000 | £420,000 |
| Semi-detached | £265,000 | £259,475 | £265,000 |
| Terraced | £212,000 | £199,000 | £230,000 |
| Flat | £119,250 | £132,500 | £225,000 |
Detached homes in Leicester command £359,000, while flat properties are most accessible at £119,250. The £240k spread between the most and least expensive types indicates a diverse market with opportunities across the development spectrum.
Median Price by Property Type
New Build Homes in Leicester
Leicester recorded 16 new-build transactions in the past 12 months, representing 0.8% of total sales. There is moderate development activity, with room for further growth.
New-build properties in Leicester traded at a discount of 44.5% versus existing stock. Developers should focus on specification, design quality, and location to maximise values above comparable second-hand stock.
Across the wider Leicestershire market, 290 new-build completions were recorded — see our Leicestershire property market report for the full county picture.
Recent Property Sales in Leicester
The following table shows the most recent property transactions recorded in Leicester, providing real-time evidence of achieved prices for buyers, sellers, and developers:
| Price | Type | Postcode | Date | Status |
|---|---|---|---|---|
| £252,000 | Detached | LE4 1BN | 2026-02-26 | Existing |
| £115,000 | Flat | LE4 2AT | 2026-02-20 | Existing |
| £410,000 | Detached | LE3 9QN | 2026-02-20 | Existing |
| £350,000 | Detached | LE5 1PT | 2026-02-20 | Existing |
| £362,500 | Detached | LE4 9AW | 2026-02-20 | Existing |
These transactions are sourced from HM Land Registry Price Paid data and represent completed, registered sales. The range from £115,000 to £410,000 illustrates the breadth of the Leicester market.
Development Finance in Leicester
For developers considering Leicester, the local market data translates directly into finance structuring. With a median value of £235,000 and detached homes at £359,000, lenders can assess scheme viability with confidence.
A typical development finance facility for a Leicester scheme with a GDV of £359,000 would attract senior debt of approximately £233,350 at 65% LTGDV. Mezzanine finance can stretch total borrowing to 85-90% of costs, while bridging loans enable rapid site acquisitions completing in as little as 5 working days.
While prices have remained flat year-on-year, experienced developers can still generate strong returns in Leicester by targeting well-located sites with clear demand drivers.
Ready to develop in Leicester? Submit your scheme for indicative terms within 24 hours from our panel of 100+ lenders.
Leicester Compared to Nearby Leicestershire Towns
To put Leicester's market in context, the table below compares it with similarly-priced towns across Leicestershire:
| Town | Median Price | Sales (12m) | YoY Change |
|---|---|---|---|
| Leicester | £235,000 | 1,930 | 0% |
| Hinckley | £252,000 | 1,315 | -4.9% |
| Coalville | £255,000 | 1,288 | -5.6% |
| Melton Mowbray | £255,000 | 663 | -7.3% |
| Loughborough | £265,873 | 1,928 | -1.5% |
| Wigston | £270,000 | 490 | -3.6% |
For the full Leicestershire town-by-town breakdown, see our comprehensive Leicestershire property market report.
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From 12% p.a. · Up to 85-90% LTGDVRelated Reports
Leicestershire Property Market: Prices, Trends & Development Finance (2026)
5 min readMidlands Property Market: Regional Analysis & County Comparison (2026)
5 min readCoalville Property Market: House Prices, Sold Data & Development Finance (2026)
5 min readHinckley Property Market: House Prices, Sold Data & Development Finance (2026)
5 min readLoughborough Property Market: House Prices, Sold Data & Development Finance (2026)
5 min readFrequently Asked Questions
What is the average house price in Leicester?
The median house price in Leicester is £235,000, based on 1,930 transactions over the past 12 months. Detached homes average £359,000 while flat properties average £119,250.
Are house prices rising or falling in Leicester?
House prices in Leicester are flat at 0% year-on-year. The market is broadly stable. The wider Leicestershire market is falling at -3.8%.
How many properties sold in Leicester recently?
Leicester recorded 1,930 residential property sales in the past 12 months. This high volume indicates a liquid, active market.
What development finance is available for projects in Leicester?
Developers in Leicester can access development finance from 6.5% p.a. at 65-70% LTGDV, mezzanine finance stretching to 85-90% of costs, bridging loans completing in 5-10 days, and development exit finance. Construction Capital sources the best terms from 100+ lenders.