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Bricks&Logic is a trading name of Urban Markets Ltd
Company No. 11113204
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VAT No. GB 287 0845 68
Registered Address: 2 Leman St, London E1 8FA
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242 Mere RoadHouse Prices / East Midlands, Leicester, Mere Road, LE5 5GP
Last updated Jun 2026
Key Building Insights
242 Mere Road is a residential building situated on Mere Road, Leicester, LE5 with 3 addresses.
It ranks as the 293rd largest and 475th most expensive of the 554 buildings in the LE5 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
3
Properties
- Flats
Key Building Insights
242 Mere Road is a residential building situated on Mere Road, Leicester, LE5 with 3 addresses.
It ranks as the 293rd largest and 475th most expensive of the 554 buildings in the LE5 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 3 properties: 3 flats.
3
Properties
- Flats
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House Pricesin 242 Mere Road
Sale prices range from £120,596 for 2 bedroom leasehold flats (408 ft2) to £164,468 for 2 bedroom leasehold flats with a garden (764 ft2) .
Monthly rental prices range from £584 pcm for 2 bed flats to £757 pcm for 2 bed flats.
The gross rental yield is between 5.5% and 5.8%.
The average value per square foot is £217.
Average Sale Value
£149,421
Average Rental Value
£698 pcm
Average Rental Yield
5.6% /year
Average Value Per Sqft
£217 /ft2
Sales Market Trendsin 242 Mere Road
The last sale in 242 Mere Road sold for £115,000 on 21st December 2007. Since then prices are up an average of 40.0%.
The current average value in the building is £149,421.
The 242 Mere Road Sales Market has increased by 41.1% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.4% | £149,421 |
| May 2025 | 1.7% | £149,964 |
| May 2024 | -0.3% | £147,435 |
| May 2023 | 2.1% | £147,907 |
| May 2022 | 7.2% | £144,873 |
| May 2021 | 6.4% | £135,132 |
| May 2020 | 3.9% | £127,004 |
| May 2019 | 3.8% | £122,258 |
| May 2018 | 5% | £117,780 |
| May 2017 | 5.9% | £112,151 |
| May 2016 | 5.5% | £105,886 |
| May 2015 | 4.7% | £100,414 |
| May 2014 | 6.3% | £95,912 |
| May 2013 | -1.3% | £90,206 |
| May 2012 | -0.8% | £91,368 |
| May 2011 | -1% | £92,069 |
| May 2010 | 5.6% | £92,959 |
| May 2009 | -14.6% | £88,040 |
| May 2008 | -1.4% | £103,120 |
| May 2007 | 0% | £104,545 |
Rental Market Trendsin 242 Mere Road
The current average rental value in the building is £698.
The 242 Mere Road Rental Market has increased by 51.5% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.8% | £698pcm |
| May 2025 | 5.3% | £672pcm |
| May 2024 | 8% | £638pcm |
| May 2023 | 8.2% | £591pcm |
| May 2022 | 6.6% | £546pcm |
| May 2021 | 3.6% | £513pcm |
| May 2020 | 2.1% | £495pcm |
| May 2019 | 2.4% | £485pcm |
| May 2018 | 0.6% | £473pcm |
| May 2017 | 2.2% | £471pcm |
| May 2016 | 2.7% | £460pcm |
| May 2015 | 2.5% | £448pcm |
| May 2014 | 1.9% | £437pcm |
| May 2013 | 0.1% | £429pcm |
| May 2012 | -1.3% | £429pcm |
| May 2011 | 3.4% | £434pcm |
| May 2010 | 2.6% | £420pcm |
| May 2009 | -9.6% | £410pcm |
| May 2008 | 3.6% | £453pcm |
| May 2007 | 0% | £437pcm |
Explore Propertiesin 242, Mere Road, Leicester, LE5 5GP
Sales Historyin 242, Mere Road, Leicester, LE5 5GP
The last sale was on 21st December 2007 for £115,000 and since then the market in the area has increased by 40.0%. The building has had a total of 2 sales since 1995.
242, Mere Road, Leicester, LE5 5GP has seen no sales in the last three years and no sales in the last twelve months.
Property Typesin 242 Mere Road
- 3 period flats built between 1800 and 1911
- period flat (3)
Energy Efficiencyof properties in 242 Mere Road
- Energy Performance Certificate (EPC) surveys conducted for 3 properties.
- The dominant rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (0)
- G (0)
- D (3)
- No EPC (0)
Top 3 Most Expensive Saleson Mere Road, Leicester, LE5
Schools Nearbyto 242, Mere Road, Leicester, LE5 5GP
The nearest primary school to 242, Mere Road, Leicester, LE5 5GP is Medway Community Primary School which is 400 metres away.
- 400mMedway Community Primary School
- 600mUplands Junior L.E.A.D. Academy
- 600mUplands Infant School
The nearest secondary school is Madani Girls' School which is 600 metres away.
- 600mMadani Girls' School
- 600mMadani Boys School
- 900mMoat Community College
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Public Transport Nearbyto 242, Mere Road, Leicester, LE5 5GP
The closest station to 242, Mere Road, Leicester, LE5 5GP is Leicester station which is 1.2 kilometres away.
- 1.2kmLeicester
- 5.4kmSouth Wigston
- 7.6kmSyston
- 9.0kmNarborough
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