LE1 5RA is a residential postcode situated on Friar Lane, Leicester, LE1 with 33 addresses.
It ranks as the 1597th largest and 1418th most expensive of the 2,267 postcodes in the LE1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 33 properties: 6 houses and 27 flats.
LE1 5RA is a residential postcode situated on Friar Lane, Leicester, LE1 with 33 addresses.
It ranks as the 1597th largest and 1418th most expensive of the 2,267 postcodes in the LE1 area. The dominant property type is a modern flat built after 1980.
The postcode contains a total of 33 properties: 6 houses and 27 flats.
Sale prices range from £119,238 for 2 bedroom leasehold flats (570 ft2) to £699,172 for 4 bedroom freehold houses with a garden (1,556 ft2) .
Monthly rental prices range from £832 pcm for 2 bed flats to £1,943 pcm for 4 bed houses.
The gross rental yield is between 3.3% and 8.5%.
The average value per square foot is £323.
The last sale in LE1 5RA sold for £140,000 on 12th June 2023. Since then prices are up an average of 42.8%.
The current average value in the postcode is £259,369.
The LE1 5RA Sales Market has increased by 40.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.8% | £259,369 |
| May 2025 | -0.3% | £261,354 |
| May 2024 | 0.3% | £262,127 |
| May 2023 | 2.7% | £261,313 |
| May 2022 | 7.2% | £254,554 |
| May 2021 | 7.8% | £237,519 |
| May 2020 | 2.5% | £220,416 |
| May 2019 | 5.2% | £215,078 |
| May 2018 | 5.6% | £204,517 |
| May 2017 | 4.8% | £193,583 |
| May 2016 | 6% | £184,689 |
| May 2015 | 3.6% | £174,170 |
| May 2014 | 6% | £168,078 |
| May 2013 | 0.9% | £158,534 |
| May 2012 | -1.3% | £157,148 |
| May 2011 | -0.8% | £159,281 |
| May 2010 | 7.3% | £160,504 |
| May 2009 | -13.4% | £149,596 |
| May 2008 | -2.7% | £172,646 |
| May 2007 | 0% | £177,426 |
The current average rental value in the postcode is £1,340.
The LE1 5RA Rental Market has increased by 51.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 2.9% | £1,340pcm |
| May 2025 | 3.7% | £1,302pcm |
| May 2024 | 8.2% | £1,256pcm |
| May 2023 | 8.7% | £1,161pcm |
| May 2022 | 7.8% | £1,069pcm |
| May 2021 | 2.6% | £992pcm |
| May 2020 | 1.8% | £967pcm |
| May 2019 | 3.2% | £949pcm |
| May 2018 | 2.2% | £920pcm |
| May 2017 | 1.6% | £900pcm |
| May 2016 | 2.2% | £885pcm |
| May 2015 | 2.4% | £866pcm |
| May 2014 | 2% | £846pcm |
| May 2013 | 0.8% | £830pcm |
| May 2012 | -1.6% | £823pcm |
| May 2011 | 4% | £836pcm |
| May 2010 | 4.1% | £804pcm |
| May 2009 | -7.2% | £773pcm |
| May 2008 | 2.8% | £833pcm |
| May 2007 | 0% | £810pcm |
The last sale was on 12th June 2023 for £140,000 and since then the market in the area has increased by 42.8%. The postcode has had a total of 9 sales since 1995.
LE1 5RA has seen 1 sale in the last three years and no sales in the last twelve months.
LE1 5RA is the 1597th largest and the 1418th most expensive postcode out of the 2,267 postcodes in the LE1 area.
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The closest station to LE1 5RA is Leicester station which is 800 metres away.
The recent census recorded whether a resident owned or rented their home.
In the area around LE1 5RA, % of property is and % is .
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around LE1 5RA, 0.0% of residents are recorded as possessing school level qualifications and 0.0% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around LE1 5RA, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around LE1 5RA, there are an average of 0.0 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.
According to recent data from Ofcom, superfast broadband is available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
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