Watergate Lane - LE3 2XP
Key Postcode Insights
LE3 2XP is a residential postcode situated on Watergate Lane, Leicester, LE3 with 43 addresses.
It ranks as the 1865th largest and 1795th most expensive of the 2,269 postcodes in the LE3 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 43 properties: 43 houses.
- Ave. Sale Price
- £274,960
- 10 Year change
- up 45.9%
- Ave. Rental Price
- £1,080pcm
- 10 Year change
- up 63.2%
- Ave. £ per ft²
- £310/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Key Postcode Insights
LE3 2XP is a residential postcode situated on Watergate Lane, Leicester, LE3 with 43 addresses.
It ranks as the 1865th largest and 1795th most expensive of the 2,269 postcodes in the LE3 area. The most common property type is a mid-century house built between 1936 and 1979.
The postcode contains a total of 43 properties: 43 houses.
- Ave. Sale Price
- £274,960
- 10 Year change
- up 45.9%
- Ave. Rental Price
- £1,080pcm
- 10 Year change
- up 63.2%
- Ave. £ per ft²
- £310/ft²
- Ave. Gross Yield
- 4.7%/year/yr
Explore Propertiesin LE3 2XP
- 4 Watergate Lane
3 Bed Mid-century House
- 6 Watergate Lane
3 Bed House
- 8 Watergate Lane
3 Bed Mid-century House
- 10 Watergate Lane
House
- 12 Watergate Lane
3 Bed Mid-century House
Sales Market Trends
The last sale in LE3 2XP sold for £320,000 on 9th May 2025. Since then prices are down an average of 1.0%.
The current average value in the postcode is £274,960.
The LE3 2XP Sales Market has increased by 45.9% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -1.3% | £274,960 |
| June 2025 | 1% | £278,520 |
| June 2024 | 0.2% | £275,773 |
| June 2023 | 1.5% | £275,199 |
| June 2022 | 9.6% | £271,214 |
| June 2021 | 8.4% | £247,441 |
| June 2020 | 3.6% | £228,324 |
| June 2019 | 4.4% | £220,481 |
| June 2018 | 6.2% | £211,192 |
| June 2017 | 5.6% | £198,943 |
| June 2016 | 7.5% | £188,440 |
| June 2015 | 4.5% | £175,309 |
| June 2014 | 5.9% | £167,715 |
| June 2013 | 1.8% | £158,391 |
| June 2012 | 0.4% | £155,602 |
| June 2011 | -0.9% | £154,937 |
| June 2010 | 8% | £156,323 |
| June 2009 | -11.6% | £144,734 |
| June 2008 | -4.1% | £163,646 |
| June 2007 | 0% | £170,598 |
Rental Market Trends
The current average rental value in the postcode is £1,080.
The LE3 2XP Rental Market has increased by 63.2% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 3.3% | £1,080pcm |
| June 2025 | 4% | £1,046pcm |
| June 2024 | 7.3% | £1,005pcm |
| June 2023 | 9.6% | £937pcm |
| June 2022 | 9.8% | £855pcm |
| June 2021 | 4.3% | £779pcm |
| June 2020 | 2.1% | £747pcm |
| June 2019 | 3.3% | £731pcm |
| June 2018 | 4.5% | £708pcm |
| June 2017 | 2.5% | £678pcm |
| June 2016 | 3.3% | £661pcm |
| June 2015 | 2.7% | £640pcm |
| June 2014 | 2.3% | £624pcm |
| June 2013 | 1.6% | £610pcm |
| June 2012 | 0% | £600pcm |
| June 2011 | 4.1% | £600pcm |
| June 2010 | 5.8% | £577pcm |
| June 2009 | -6.6% | £545pcm |
| June 2008 | 1.8% | £584pcm |
| June 2007 | 0% | £573pcm |
Sales History
The last sale was on 9th May 2025 for £320,000 and since then the market in the area has decreased by 1.0%. The postcode has had a total of 46 sales since 1995.
LE3 2XP has seen 4 sales in the last three years and no sales in the last twelve months.
- Sold May 2025£320,000 | 3 Bed House62, Watergate Lane, Leicester, LE3 2XP62, Watergate Lane, Leicester, LE3 2XP
- Sold Mar 2025£245,000 | 2 Bed House18, Watergate Lane, Leicester, LE3 2XP18, Watergate Lane, Leicester, LE3 2XP
- Sold Nov 2024£245,000 | 3 Bed House72, Watergate Lane, Leicester, LE3 2XP72, Watergate Lane, Leicester, LE3 2XP
- Sold Apr 2024£300,000 | 4 Bed House42, Watergate Lane, Leicester, LE3 2XP42, Watergate Lane, Leicester, LE3 2XP
- Sold Nov 2022£254,000 | 2 Bed House22, Watergate Lane, Leicester, LE3 2XP22, Watergate Lane, Leicester, LE3 2XP
Nearby Postcodes
LE3 2XP is the 1865th largest and the 1795th most expensive postcode out of the 2,269 postcodes in the LE3 area.
- LE3 2UR, Grass Acres, Leicester, LE3LE3 2UR41 Addresses|59 m away
- LE3 2XQ, Watergate Lane, Leicester, LE3LE3 2XQ50 Addresses|69 m away
- LE3 2TY, Pinfold, Leicester, LE3LE3 2TY20 Addresses|76 m away
- LE3 2UQ, Grass Acres, Leicester, LE3LE3 2UQ41 Addresses|79 m away
- LE3 2UW, Pinfold, Leicester, LE3LE3 2UW15 Addresses|85 m away
Property Types
- 26 mid-century houses built between 1936 and 1979
- 4 houses of an unknown age
- 13 other addresses of unknown type
- mid-century house (26)
- house (4)
- Unknown (13)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 26 properties.
- The most common rating is D.
- A (0)
- E (3)
- B (1)
- F (1)
- C (4)
- G (0)
- D (17)
- No EPC (17)
Top 3 Most Expensive Sales
- Sold May 2025£320,000 | 3 Bed House62, Watergate Lane, Leicester, LE3 2XP62, Watergate Lane, Leicester, LE3 2XP
- Sold Apr 2024£300,000 | 4 Bed House42, Watergate Lane, Leicester, LE3 2XP42, Watergate Lane, Leicester, LE3 2XP
- Sold May 2023£276,000 | 3 Bed House45, Watergate Lane, Leicester, LE3 2XQ45, Watergate Lane, Leicester, LE3 2XQ
Schools Nearby
- Millfield L.E.A.D. Academy400 m away
- Ravenhurst Primary School800 m away
- Caldecote Community Primary School1.5 km away
- The Winstanley School1.4 km away
- Brockington College2.5 km away
- Fullhurst Community College2.5 km away
More reading links
Public Transport Nearby
The closest station to LE3 2XP is Narborough station, which is 4.0 kilometres away.
- Narborough|4.0 km away
- South Wigston|4.1 km away
- Leicester|4.9 km away
- Syston|12.1 km away
