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Leicester provides its residents with a lot of popular suburbs and city centre living and is home to almost 350,000 of us! Today Leicester is predominantly a residential area mainly aimed at families, with a big focus on creating a happy family environment and a great place to live.
Discussing house prices in Leicester has become part and parcel of every day conversation topics in our area, but just what decides how much your home is worth? There are a number of factors which determine house prices, some are logical, based on economic theories and population density whereas others are based on more vague factors such as the feel of the neighbourhood around your property and predicted expansion growth in the future.
According to industry statistics the average price for property in Leicester stood at £217,637 in September 2017. This is a rise of 0.54% in the last three months (since June 2017) and rise of 2.78% in the last 12 months.
In terms of property types, flats in Leicester sold for an average of £135,000 and terraced houses for £153,500. This then jumps to £191,000 for semi-detached properties and £335,000 for detached properties. There is no future certainty of house prices on Leicester as nobody can predict how the housing market will pan out over the next few months and years, but properties prices look steady and on the increase.
Before you put your Leicester home on the market, it is important you consider how to make the best of your property. We would not recommend big changes such as renovations or redecoration as most of the time a little turns out to be a lot. House prices in Leicester are constantly changing, but it is important that you do what you can to ensure you get the best-selling price.
Do your research, keep an eye on local news, look at other properties in the area and talk to us at Open House Leicester – we’re more than happy to help you on all aspects of selling your home. Call 0116 243 7938 or email email@example.com