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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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254 Mere RoadHouse Prices / East Midlands, Leicester, Mere Road, LE5 5GP
Last updated May 2026
Key Building Insights
254 Mere Road is a residential building situated on Mere Road, Leicester, LE5 with 8 addresses.
It ranks as the 471st largest and 169th most expensive of the 544 buildings in the LE5 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 8 properties: 8 flats.
8
Properties
- Flats
Key Building Insights
254 Mere Road is a residential building situated on Mere Road, Leicester, LE5 with 8 addresses.
It ranks as the 471st largest and 169th most expensive of the 544 buildings in the LE5 area. The dominant property type is a period flat built between 1800 and 1911.
The building contains a total of 8 properties: 8 flats.
8
Properties
- Flats
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House Pricesin 254 Mere Road
Sale prices range from £79,490 for 2 bedroom leasehold flats (446 ft2) to £97,991 for 2 bedroom leasehold flats (710 ft2) .
Monthly rental prices range from £474 pcm for 2 bed flats to £545 pcm for 2 bed flats.
The gross rental yield is between 6.7% and 7.1%.
The average value per square foot is £146.
Average Sale Value
£91,919
Average Rental Value
£524 pcm
Average Rental Yield
6.8% /year
Average Value Per Sqft
£146 /ft2
Sales Market Trendsin 254 Mere Road
The last sale in 254 Mere Road sold for £555,000 on 8th December 2023. Since then prices are up an average of 49.2%.
The current average value in the building is £91,919.
The 254 Mere Road Sales Market has increased by 39.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -2.2% | £91,919 |
| April 2025 | 1.8% | £93,957 |
| April 2024 | -0.9% | £92,252 |
| April 2023 | 3.1% | £93,131 |
| April 2022 | 7.1% | £90,288 |
| April 2021 | 6.5% | £84,328 |
| April 2020 | 4% | £79,147 |
| April 2019 | 3.6% | £76,116 |
| April 2018 | 5.4% | £73,492 |
| April 2017 | 5.6% | £69,724 |
| April 2016 | 5% | £66,019 |
| April 2015 | 4.6% | £62,848 |
| April 2014 | 6.1% | £60,077 |
| April 2013 | -1.1% | £56,644 |
| April 2012 | -0.5% | £57,257 |
| April 2011 | -0.1% | £57,535 |
| April 2010 | 4% | £57,613 |
| April 2009 | -15% | £55,386 |
| April 2008 | 0.6% | £65,149 |
| April 2007 | 0% | £64,782 |
Rental Market Trendsin 254 Mere Road
The current average rental value in the building is £524.
The 254 Mere Road Rental Market has increased by 50.8% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 3% | £524pcm |
| April 2025 | 4.8% | £509pcm |
| April 2024 | 8.2% | £486pcm |
| April 2023 | 8.1% | £449pcm |
| April 2022 | 7.1% | £415pcm |
| April 2021 | 3.7% | £387pcm |
| April 2020 | 2.4% | £374pcm |
| April 2019 | 2% | £365pcm |
| April 2018 | 0.6% | £358pcm |
| April 2017 | 2.5% | £356pcm |
| April 2016 | 2.9% | £347pcm |
| April 2015 | 2.9% | £338pcm |
| April 2014 | 1.4% | £328pcm |
| April 2013 | -0.1% | £324pcm |
| April 2012 | -0.5% | £324pcm |
| April 2011 | 3.7% | £325pcm |
| April 2010 | 0.3% | £314pcm |
| April 2009 | -7.2% | £313pcm |
| April 2008 | 3.5% | £337pcm |
| April 2007 | 0% | £326pcm |
Explore Propertiesin 254, Mere Road, Leicester, LE5 5GP
- Flat 1, 254, Mere Road, Leicester, LE5 5GP2 bed period flat
- Flat 2, 254, Mere Road, Leicester, LE5 5GP2 bed period flat
- Flat 3, 254, Mere Road, Leicester, LE5 5GP2 bed period flat
- Flat 4, 254, Mere Road, Leicester, LE5 5GP2 bed flat
- Flat 5, 254, Mere Road, Leicester, LE5 5GP2 bed period flat
- Flat 6, 254, Mere Road, Leicester, LE5 5GP2 bed period flat
- Flat 7, 254, Mere Road, Leicester, LE5 5GP2 bed period flat
- Flat 8, 254, Mere Road, Leicester, LE5 5GP2 bed period flat
Sales Historyin 254, Mere Road, Leicester, LE5 5GP
The last sale was on 8th December 2023 for £555,000 and since then the market in the area has increased by 49.2%. The building has had a total of 8 sales since 1995.
254, Mere Road, Leicester, LE5 5GP has seen 1 sale in the last three years and no sales in the last twelve months.
Sold Dec 2023£555,000 | 2 Bed Flat254, Mere RoadFlat 1, 254, Mere Road, Leicester, LE5 5GP
Sold Jan 2016£92,000 | 2 Bed Flat254, Mere RoadFlat 4, 254, Mere Road, Leicester, LE5 5GP
Sold Jan 2016£82,000 | 2 Bed Flat254, Mere RoadFlat 1, 254, Mere Road, Leicester, LE5 5GP
Sold Sep 2014£50,000 | 2 Bed Flat254, Mere RoadFlat 4, 254, Mere Road, Leicester, LE5 5GP
Sold Sep 2014£60,000 | 2 Bed Flat254, Mere RoadFlat 1, 254, Mere Road, Leicester, LE5 5GP
Sold Mar 2005£230,000 | 2 Bed Flat254, Mere RoadFlat 1, 254, Mere Road, Leicester, LE5 5GP
Sold Mar 2002£115,000 | 2 Bed Flat254, Mere RoadFlat 1, 254, Mere Road, Leicester, LE5 5GP
Sold Jan 2002£69,950 | 2 Bed Flat254, Mere RoadFlat 1, 254, Mere Road, Leicester, LE5 5GP
Property Typesin 254 Mere Road
- 7 period flats built between 1800 and 1911
- 1 flat of an unknown age
- period flat (7)
- flat (1)
Energy Efficiencyof properties in 254 Mere Road
- Energy Performance Certificate (EPC) surveys conducted for 7 properties.
- The dominant rating is D.
- A (0)
- E (0)
- B (0)
- F (0)
- C (2)
- G (0)
- D (5)
- No EPC (1)
Top 3 Most Expensive Saleson Mere Road, Leicester, LE5
Schools Nearbyto 254, Mere Road, Leicester, LE5 5GP
The nearest primary school to 254, Mere Road, Leicester, LE5 5GP is Medway Community Primary School which is 380 metres away.
- 380mMedway Community Primary School
- 558mUplands Junior L.E.A.D. Academy
- 558mUplands Infant School
The nearest secondary school is Madani Girls' School which is 604 metres away.
- 604mMadani Girls' School
- 604mMadani Boys School
- 917mMoat Community College
More reading links
Public Transport Nearbyto 254, Mere Road, Leicester, LE5 5GP
The closest station to 254, 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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