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Buying a Property in Leicester

Leicester isn’t everyone’s first choice when it comes to picking a major UK city to move in. For most of its life, Leicester hasn’t risen to the top next to the likes of London, Birmingham, Manchester and Liverpool. However, that’s not to say that it hasn’t had its fair share of accolades. For example, it was designated as the first European Sustainable City in Britain thanks to its green-focused practices. It’s also home to the Leicester Football club that famously won the Premier League in 2016.

But what’s it like to buy property in Leicester? Are the city’s deep history and personality worth considering when choosing a new place to live?

Property Prices in Leicester

Between 2019 and 2020, the average property price in Leicester was just £227,546. This is below the average UK house price which was £239,000 in August 2020, making Leicester one of the more affordable locations in Britain to live in.

Most property sales in Leicester during this period were semi-detached properties that sold for an average of £217,283. Terraced properties sold for an average of £177,931 and detached properties were sold for £334,343. Overall, prices in Leicester over the past year have grown by around 3% since the previous year. Compared to the 2017 peak of £202,965, it’s grown by around 12%. This indicates that property prices in Leicester are certainly rising, making it a great time to invest in a property this year.

So what can those prices actually get you?

A 3-bedroom semi-detached property could be had from just £175,000 on the outskirts of Glenfield near New Parks. 4-bedroom properties seem to be the most popular, selling for around £267,000 if they’re terraced and from £290,000 if semi-detached. This gives plenty of flexibility regardless of the type of property you’re looking for and it should show that property in Leicester is more affordable than you might think. However, if you’re looking for something a little more extravagant, then Kirby Muxloe has plenty of large detached homes with beautiful gardens that can reach up to £1,175,000 for 6 bedrooms or more.

Where to Buy a Property in Leicester

So where are some of the best places to buy property in Leicester? Let’s find out.

Clarendon Park

Renowned for its period homes and lively community, this is a fantastic central location for families and young professionals. You’ll find plenty of terraced houses that are perfect for buyers who need an affordable and spacious home with great transport links.

South Knighton

As a residential suburb, South Knighton offers a village-like environment that is still well-connected via transport links and has plenty of great schools. You’ll find lots of quaint cottages and detached homes for affordable prices here.

Syston

Considered a hidden gem by many locals, Leicester has a friendly community that makes every shopping trip a fun experience. There are plenty of properties for sale in Syston with 2-bedroom flats starting from just £120,000.

Things to Do in Leicester

Leicester is a city filled with unique museums and cultural landmarks. However, that doesn’t mean there’s no room for fun and games. One of the most popular attractions in Leicester is the King Richard II visitor centre. You’ll also have easy access to the National Space Centre, and there’s the Curve Theatre that regularly hosts a variety of concerts and shows from around the world. There’s also the famous King Power Stadium, home to the Leicester football club.

Leicester Schools

Leicester is home to some fantastic schools such as Rushey Mead Academy, Beauchamp College, The Market Bosworth School and Limehurst Academy. You’ll have no trouble finding a suitable primary and secondary school in Leicester, and there are plenty of college choices as well.

Travel Connections in Leicester

Leicester is easy to get around thanks to plenty of bus routes and parking spaces. However, it’s also got safe bike parking facilities and paths, making it a great location for anyone that enjoys cycling around. If you’re interested in going to another major city then your best option is a train to London Kings Cross. This departs three times an hour, making it a convenient transport link for getting around the country. If you prefer driving, then Leicester is off the M1 which makes it convenient to travel up to areas such as Nottingham, Sheffield, Leeds and beyond. If you go down south, it’ll take you all the way into London from Watford and Edgware.

How to get a mortgage in Leicester

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