242, Mere Road - LE5 5GP
Key Building Insights
242, Mere Road is a residential building situated on Mere Road, Leicester, LE5 with 3 addresses.
It ranks as the 300th largest and 483rd most expensive of the 562 buildings in the LE5 area. The most common property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
- Ave. Sale Price
- £148,878
- 10 Year change
- up 39.3%
- Ave. Rental Price
- £648pcm
- 10 Year change
- up 53.5%
- Ave. £ per ft²
- £216/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Key Building Insights
242, Mere Road is a residential building situated on Mere Road, Leicester, LE5 with 3 addresses.
It ranks as the 300th largest and 483rd most expensive of the 562 buildings in the LE5 area. The most common property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
- Ave. Sale Price
- £148,878
- 10 Year change
- up 39.3%
- Ave. Rental Price
- £648pcm
- 10 Year change
- up 53.5%
- Ave. £ per ft²
- £216/ft²
- Ave. Gross Yield
- 5.2%/year/yr
Explore Properties on Mere Road, Leicester, LE5
- 242A Mere Road
2 Bed Period Flat
- 242B Mere Road
2 Bed Period Flat
- 242 Mere Road
2 Bed Period Flat
Sales Market Trends
The last sale in 242, Mere Road sold for £115,000 on 21st December 2007. Since then prices are up an average of 39.1%.
The current average value in the building is £148,878.
The 242, Mere Road Sales Market has increased by 39.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.7% | £148,878 |
| June 2025 | 1.3% | £149,932 |
| June 2024 | 0% | £148,038 |
| June 2023 | 0.9% | £148,068 |
| June 2022 | 7.8% | £146,727 |
| June 2021 | 5.9% | £136,158 |
| June 2020 | 4.2% | £128,625 |
| June 2019 | 4.2% | £123,489 |
| June 2018 | 4.6% | £118,536 |
| June 2017 | 6% | £113,279 |
| June 2016 | 5.2% | £106,881 |
| June 2015 | 4.7% | £101,556 |
| June 2014 | 6.6% | £97,033 |
| June 2013 | -0.9% | £90,993 |
| June 2012 | -0.9% | £91,846 |
| June 2011 | -1.2% | £92,709 |
| June 2010 | 6.4% | £93,804 |
| June 2009 | -13.9% | £88,188 |
| June 2008 | -3.1% | £102,421 |
| June 2007 | 0% | £105,648 |
Rental Market Trends
The current average rental value in the building is £648.
The 242, Mere Road Rental Market has increased by 53.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.8% | £648pcm |
| June 2025 | 4.2% | £624pcm |
| June 2024 | 8.4% | £599pcm |
| June 2023 | 7.8% | £552pcm |
| June 2022 | 7.6% | £512pcm |
| June 2021 | 3.3% | £476pcm |
| June 2020 | 3% | £461pcm |
| June 2019 | 2.3% | £447pcm |
| June 2018 | 1% | £437pcm |
| June 2017 | 2.6% | £433pcm |
| June 2016 | 2.5% | £422pcm |
| June 2015 | 2.7% | £412pcm |
| June 2014 | 1.9% | £401pcm |
| June 2013 | 0.8% | £393pcm |
| June 2012 | -1.2% | £390pcm |
| June 2011 | 2.9% | £395pcm |
| June 2010 | 3.6% | £384pcm |
| June 2009 | -9.1% | £370pcm |
| June 2008 | 1.9% | £408pcm |
| June 2007 | 0% | £400pcm |
Sales History
The last recorded sale was on 21st December 2007 for £115,000 and since then the market in the area has increased by 39.1%.
242, Mere Road, Leicester, LE5 5GP has had 2 sales since 1995, none of them in the last three years.
- Sold Dec 2007£115,000 | 2 Bed Flat242, Mere Road, Leicester, LE5 5GP242, Mere Road, Leicester, LE5 5GP
- Sold May 2001£32,000 | 2 Bed Flat242, Mere Road, Leicester, LE5 5GP242, Mere Road, Leicester, LE5 5GP
Property Types
- 3 period flats built between 1800 and 1911
- period flat (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 3 properties.
- The most common rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (3)
- No EPC (0)
Top 3 Most Expensive Sales
- Sold Dec 2023£555,000 | 2 Bed FlatFlat 1, 254, Mere Road, Leicester, LE5 5GPFlat 1, 254, Mere Road, Leicester, LE5 5GP
- Sold Mar 2018£350,000 | 4 Bed House91, Mere Road, Leicester, LE5 5GQ91, Mere Road, Leicester, LE5 5GQ
- Sold Feb 2024£337,000 | 4 Bed House133, Mere Road, Leicester, LE5 5GQ133, Mere Road, Leicester, LE5 5GQ
Schools Nearby
- Medway Community Primary School400 m away
- Uplands Junior L.E.A.D. Academy600 m away
- Uplands Infant School600 m away
- Madani Girls' School600 m away
- Madani Boys School600 m away
- Moat Community College900 m away
More reading links
Public Transport Nearby
The closest station to 242, Mere Road, Leicester, LE5 5GP is Leicester station, which is 1.2 kilometres away.
- Leicester|1.2 km away
- South Wigston|5.4 km away
- Syston|7.6 km away
- Narborough|9.0 km away
