Amidst all the Brexit drama, knowing when or where to buy a property recently has become more confusing than ever before.
Although we don’t know exactly what will happen to the housing market post-Brexit, what we do know is that cross the city, house prices are on the up.
In fact, every postcode area in greater Leicester has risen over the past 12 months.
Smallest increase: LE19 – Enderby and Narborough
Current average value £238,068
Value change +£5,212
LE5 – Spinney Hills, Humberstone, Evington and Hamilton
Current average value £214,826
Value change +£5,690
LE1 – Leicester city centre and Saint Matthews
Current average value £161,944
Value change +£6,385
LE4 – Belgrave, Beaumont Leys, Birstall and Thurmaston
Current average value £192,913
Value change +£7,075
LE3 – Westcotes, Western Park, Dane Hills, New Parks, Glenfield, Leicester Forest East, Thorpe Astley, Braunstone Town and Rowley Fields
Current average value £194,573
Value change + £7,315
LE6 – Groby, Ratby and Bradgate Park
Current average value £257,380
Value change +£9,489
Greatest rise: LE2 – Clarendon Park, Aylestone, Stoneygate, Knighton, Glen Parva and Oadby
Current average value £246,645
Value change +£11,701
Will Ravenhill – Director at Readings Property Group
“The LE2 postcode has always been the most expensive suburb of the city, so these figures don’t surprise me. You can see from the average property price in this area that it’s higher than elsewhere. The lower rise in LE19 and LE6 should be taken in context though. They are the third and top most expensive places to live, but include areas that aren’t really classed as “city”, but more “county” which can push average prices up, but probably don’t have the same quantity of buyers as the city and suburbs, due to those areas being less sparsely populated.
It’s encouraging to see that in percentage terms (a much better indicator of price rises) all areas are up between 2.2% (LE19) and 4.7% (LE2), during the sample period taken by Zoopla. This just shows how robust the property market is, despite the never ending saga that is Brexit!”
(Information from Leicester Mercury article)