House prices in Leicestershire
Price per square metre data and charts to help you understand the housing market in Leicestershire - stats were last calculated on 01 December 2025.
Defining 'Leicestershire'
This boundary is taken directly from the Office of National Statistics area called Leicestershire. It is shown in red on the map below.
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Price per square metre
Knowing the average house price in Leicestershire is not much use. However, knowing average price per square metre can be quite useful. Price per sqm allows some comparison between properties of different size. We define price per square metre as the sold price divided by the internal area of a property:
£ per sqm = price ÷ internal area
For example in October 2025, 18a, Old Forge Road, Leicestershire, CV13 6BD sold for £500,000. Given the internal area of 154 square metres recorded on the EPC, the price per sqm is £500,000 ÷ 154 sqm = £3,246.
England & Wales have been officially metric since 1965. However house price per square foot is prefered by some estate agents and those of sufficiently advanced age ;-). It is a huge pain to code the automatic conversion for square meters to square feet for all the graphs and charts on Leicestershire and elsewhere. All the conditionals turn my tidy code for into spaghetti. I will get around to it at some point, but for now you can just divide everything by 10 in your head, move a decimal place and you'll be close enough. If you want to be more precise 1 sqm = 10.76391 sqft.
Distribution of £ per sqm for houses vs flats in Leicestershire
Tip: click on the legend labels to show/hide different property types.
The chart above is called a histogram, it helps you see the distribution of house price per sqm in Leicestershire To make this chart we put all the sales data into a series of £ per sqm 'buckets' (e.g. £3,350 to £3,500, £3,500 to £3,650, £3,650 to £3,800 etc...) we then count the number of sales with within in each bucket and plot the results. The histogram is based on 8,205 sales that took place in Leicestershire in the last 12 months.
Generate a custom histogram like the one above but based on your own criteria.
You can see the spread of prices above. This is because although internal area is a key factor in determining valuation, it is not the only factor. Many factors other than size affect desirability; these factors could be condition, aspect, garden size, negotiating power of the vendor etc.
The spread of prices will give you a feel of the typical range to expect in Leicestershire. Notably, only 25% of properties that sold recently were valued at more than £3,570 sqm. For anything to be valued more than this means it has to be more desireable than the clear majority of Leicestershire homes.
Box plot of £ per sqm for Leicestershire
Tip: click on the chart to see the values.
The chart above is called a boxplot (or a box-and-whisker plot). Box plots, like histograms, are used to graphically represent the distribution of data, showing the central tendency, spread of the distribution. In the context of £ per square metre property price distributions, box plots represent the variation in property prices within a geographic area e.g. Leicestershire. The chart above shows a boxplot for 'Leicestershire' broken down by property type (Flats, Semi-detached, Detached and Terraced). Almost everywhere houses command higher prices per square metre than flats, and detached houses most of all.
Does £ per sqm vary by property size and type?
A common question is whether price per sqm varies by property size and type. In other words can we fairly compare the price per sqm between two properties of different sizes? The charts below go some way to answering this question in the context of Leicestershire. TLDR; there is some effect, but after you control for property type the effect is less than you might expect.
The first chart shows the distribution of price per sqm by property size. This shows that as the size of properties increase, there is not a significant corresponding change in £ per sqm. The second chart shows the same distribution split by property type. If you want the functionality to generate bespoke charts get in touch as it is a feature I could add to the subscription service if enough people are interested.
Density distribution
Price per square metre distribution by property size
Shows the distribution of property prices per square metre in Leicestershire.
Distribution by property type
Price per square metre distribution by size and property type
Shows the distribution of different property types in Leicestershire.
House price map for Leicestershire
Have a look at the interactive price map I created for myself. Use it to explore house prices in 'Leicestershire' all the way down to individual property plots.
Property price map for LeicestershireWill Leicestershire house prices go up in 2025?
House prices in Leicestershire grew 2.0% in the last year, -1.8% after inflation. Whether or not this trend will continue depends on many factors. Nobody can tell what Leicestershire house prices will do in the future, but we can plot the price trends. I have done this in the chart below for Leicestershire split by property type. You can extrapolate from this based on your own views on the future of wage growth, net migration, interest rates and the level of house building around Leicestershire.
House price index for Leicestershire
Tip: click on the legend items to show/hide different lines
Download house price index as CSV (premium users only).
The chart above shows changes in 'Leicestershire' property prices over the last 20 years. The index is calculated from the average price paid per sqm for property in Leicestershire and is set to 100 in 2004. The chart compares trends for Flats vs Houses in Leicestershire. You can see how different they are. Keep this in mind when you see any price index that doesn't provide this breakdown.
The dashed lines show nominal house price changes, the solid lines show the same data adjusted for inflation. Economists call this the 'real' price change. You have to take inflation into account when comparing prices over time. It's calculated using the formula:
Real Rate of Return = (1 + Nominal Rate) ÷ (1 + Inflation Rate) – 1In this formula, the nominal rate is the rate of change before any adjustments, and the inflation rate is taken from the Consumer Price Index. The real rate of return is a more accurate measure of change in value, because £1 today does not have the same buying power as £1 in the past. For example, if a savings account pays an interest rate of 3% per year and the inflation rate is 5% per year, the real rate of return is -2%. This means that the investment's value is shrinking by 2% each year.
Historic returns for Leicestershire
| All | Flats | Houses | ||||
|---|---|---|---|---|---|---|
| Nominal | Real | Nominal | Real | Nominal | Real | |
| 20 yr per annum | 3.0% | 0.2% | 1.9% | -0.9% | 3.0% | 0.3% |
| 20 yr total | 79.7% | 4.2% | 44.6% | -16.2% | 81.9% | 5.4% |
| 10 yr per annum | 4.3% | 1.1% | 2.6% | -0.5% | 4.4% | 1.2% |
| 10 yr total | 52.6% | 12.1% | 29.5% | -4.9% | 54.0% | 13.1% |
| 5 yr per annum | 3.8% | -0.7% | 1.6% | -2.8% | 3.9% | -0.6% |
| 5 yr total | 20.6% | -3.4% | 8.4% | -13.1% | 21.3% | -2.7% |
| 1 yr per annum | 2.0% | -1.8% | -3.9% | -7.6% | 2.2% | -1.7% |
| 1 yr total | 2.0% | -1.8% | -3.9% | -7.6% | 2.2% | -1.7% |
This table complements the house price index chart above, presenting the data in a more detailed format. It breaks down the information into 20-year, 10-year, 5-year, and 1-year periods, further categorized by property type. For each period, we display both a per annum rate of change and a total rate of change.
The total rate of change represents the overall change over the entire period. The formula for total return is:
Total return = (Index at end of period ÷ Index at start of period) - 1
The per annum rate of change is the annualized rate of change over the period. This is equivalent to the annual bank savings rate you would need to achieve the same total return over the given period. This annualized return is also known as the Compound Annual Growth Rate (CAGR). The formula for CAGR is:
CAGR = (1 + Total return) ^ (1 ÷ Number of years) - 1
Some specific examples:
- Over the past 20 years, Houses have seen a 0.3% annual change when adjusted for inflation. This translates to a total change of 5.4% in real terms.
- Over the past 5 years, Flats have seen a -2.8% annual change when adjusted for inflation. This translates to a total change of -13.1% in real terms.
Transaction volumes
Property transaction volumes in the UK follow a cyclical pattern. In addition to seasonal trends that occur annually, transaction volumes fluctuate with changes in house prices. When prices are rising, transactions typically increase, whereas falling prices tend to result in fewer sales, with only motivated sellers (e.g., due to death or divorce) entering the market. Exceptions to this trend often occur when changes to Stamp Duty drive a temporary surge in transactions.
Number of properties sold in Leicestershire
The chart above shows the number of properties sold each month in Leicestershire as reported by Land Registry. Key events highlighted include the Northern Rock bank run at the start of the 2007/8 Financial Crisis, the introduction of additional Stamp Duty on second homes in April 2016, the COVID-19 lockdowns and subsequent Stamp Duty holiday, and the 2023 interest rate rises. It's important to note that Land Registry reporting is lagged, particularly affecting new build sales, so treat the last year of sales volume data with caution. Based on historical reporting lags, I've provided a crude forecast of sales volumes for Leicestershire, shown in yellow.
Nearby geographies
The table below shows how 'Leicestershire' compares to the other counties.
| County | Lower quartile | Median | Upper quartile | Sales in last 1yr |
|---|---|---|---|---|
| Warwickshire | £2,810 sqm | £3,440 sqm | £4,100 sqm | 6,740 |
| Staffordshire | £2,270 sqm | £2,840 sqm | £3,380 sqm | 9,369 |
| Nottinghamshire | £2,070 sqm | £2,630 sqm | £3,200 sqm | 9,499 |
| Lincolnshire | £2,020 sqm | £2,500 sqm | £2,950 sqm | 8,928 |
| Leicestershire | £2,660 sqm | £3,120 sqm | £3,570 sqm | 8,205 |
| Derbyshire | £2,120 sqm | £2,710 sqm | £3,250 sqm | 9,209 |
Raw data
Our analysis of Leicestershire is derived from what is essentially a big table of sold prices from Land Registry with added property size information. Below are three rows from this table to give you an idea.
| Address | Paid | sqm | £/sqm |
|---|---|---|---|
| 18a, Old Forge Rd, | £500,000
Oct-2025
|
154 | 3,246 |
| 22, Arnold Rd, | £210,000
Oct-2025
|
54 | 3,888 |
| 168, Newbold Rd, | £265,000
Sep-2025
|
101 | 2,623 |
Search the raw data here.
About
I created HouseMetric because I wanted to see this data and analysis myself, I also wanted to teach myself to build a website. Please give me feedback or spread the word about it. I'm constantly tinkering and adding more stuff to it.