Melton Road - LE4 7SP
Key Postcode Insights
LE4 7SP is a residential postcode situated on Melton Road, Thurmaston, Leicester, LE4 with 48 addresses.
It ranks as the 1672nd largest and 1284th most expensive of the 1,783 postcodes in the LE4 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 48 properties: 13 houses and 35 flats.
- Ave. Sale Price
- £280,735
- 10 Year change
- up 53.4%
- Ave. Rental Price
- £1,247pcm
- 10 Year change
- up 65.6%
- Ave. £ per ft²
- £380/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Key Postcode Insights
LE4 7SP is a residential postcode situated on Melton Road, Thurmaston, Leicester, LE4 with 48 addresses.
It ranks as the 1672nd largest and 1284th most expensive of the 1,783 postcodes in the LE4 area. The most common property type is a modern flat built after 1980.
The postcode contains a total of 48 properties: 13 houses and 35 flats.
- Ave. Sale Price
- £280,735
- 10 Year change
- up 53.4%
- Ave. Rental Price
- £1,247pcm
- 10 Year change
- up 65.6%
- Ave. £ per ft²
- £380/ft²
- Ave. Gross Yield
- 5.3%/year/yr
Explore Propertiesin LE4 7SP
- Watermead View
Modern Building | 33 Units
- 472 Melton Road
Unknown
- 474 Melton Road
3 Bed Period House
- 476 Melton Road
5 Bed Period House
- 478 Melton Road
3 Bed Period House
Sales Market Trends
The last sale in LE4 7SP sold for £240,000 on 17th June 2024. Since then prices are down an average of 0.8%.
The current average value in the postcode is £280,735.
The LE4 7SP Sales Market has increased by 53.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.4% | £280,735 |
| June 2025 | 0.6% | £281,779 |
| June 2024 | 0% | £280,196 |
| June 2023 | 3.7% | £280,200 |
| June 2022 | 11.5% | £270,151 |
| June 2021 | 7.9% | £242,379 |
| June 2020 | 3.9% | £224,660 |
| June 2019 | 6.1% | £216,168 |
| June 2018 | 3.9% | £203,757 |
| June 2017 | 7.1% | £196,101 |
| June 2016 | 8.4% | £183,025 |
| June 2015 | 4.8% | £168,886 |
| June 2014 | 5.5% | £161,130 |
| June 2013 | 2.7% | £152,798 |
| June 2012 | -0.3% | £148,772 |
| June 2011 | 0.7% | £149,258 |
| June 2010 | 7.7% | £148,151 |
| June 2009 | -10.3% | £137,618 |
| June 2008 | -4% | £153,391 |
| June 2007 | 0% | £159,731 |
Rental Market Trends
The current average rental value in the postcode is £1,247.
The LE4 7SP Rental Market has increased by 65.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 2.7% | £1,247pcm |
| June 2025 | 4.9% | £1,214pcm |
| June 2024 | 8.6% | £1,157pcm |
| June 2023 | 8.3% | £1,066pcm |
| June 2022 | 10.3% | £984pcm |
| June 2021 | 3.8% | £891pcm |
| June 2020 | 4% | £859pcm |
| June 2019 | 2.1% | £826pcm |
| June 2018 | 2.9% | £809pcm |
| June 2017 | 4.5% | £787pcm |
| June 2016 | 3.6% | £753pcm |
| June 2015 | 3.2% | £726pcm |
| June 2014 | 1.2% | £704pcm |
| June 2013 | 2% | £696pcm |
| June 2012 | -0.2% | £682pcm |
| June 2011 | 3.5% | £683pcm |
| June 2010 | 4.4% | £660pcm |
| June 2009 | -4% | £632pcm |
| June 2008 | 0.9% | £659pcm |
| June 2007 | 0% | £653pcm |
Sales History
The last sale was on 17th June 2024 for £240,000 and since then the market in the area has decreased by 0.8%. The postcode has had a total of 14 sales since 1995.
LE4 7SP has seen 6 sales in the last three years and no sales in the last twelve months.
- Sold Jun 2024£240,000 | 2 Bed FlatApartment 32, Watermead View 512, Melton Road, Leicester, LE4 7SPApartment 32, Watermead View 512, Melton Road, Leicester, LE4 7SP
- Sold Mar 2024£5,716,199 | 2 Bed FlatApartment 1, Watermead View 512, Melton Road, Leicester, LE4 7SPApartment 1, Watermead View 512, Melton Road, Leicester, LE4 7SP
- Sold Oct 2023£270,000 | 2 Bed FlatApartment 3, Watermead View 512, Melton Road, Leicester, LE4 7SPApartment 3, Watermead View 512, Melton Road, Leicester, LE4 7SP
- Sold Jun 2023£265,000 | 2 Bed FlatApartment 33, Watermead View 512, Melton Road, Leicester, LE4 7SPApartment 33, Watermead View 512, Melton Road, Leicester, LE4 7SP
- Sold May 2023£270,000 | 2 Bed FlatApartment 2, Watermead View 512, Melton Road, Leicester, LE4 7SPApartment 2, Watermead View 512, Melton Road, Leicester, LE4 7SP
Nearby Postcodes
LE4 7SP is the 1672nd largest and the 1284th most expensive postcode out of the 1,783 postcodes in the LE4 area.
- LE4 7SZ, Player Close, Leicester, LE4LE4 7SZ9 Addresses|164 m away
- LE4 7RN, Alderton Close, Leicester, LE4LE4 7RN40 Addresses|201 m away
- LE4 8EA, Melton Road, Thurmaston, Leicester, LE4LE4 8EA9 Addresses|207 m away
- LE4 7SW, Cotton Close, Leicester, LE4LE4 7SW42 Addresses|210 m away
- LE4 7RY, Gregson Close, Leicester, LE4LE4 7RY8 Addresses|240 m away
Property Types
- 5 period houses built between 1800 and 1911
- 34 modern flats built after 1980
- 9 other addresses of unknown type
- period house (5)
- modern flat (34)
- Unknown (9)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 35 properties.
- The most common rating is B.
- A (0)
- E (2)
- B (30)
- F (0)
- C (0)
- G (0)
- D (3)
- No EPC (13)
Top 3 Most Expensive Sales
- Sold Mar 2024£5,716,199 | 2 Bed FlatApartment 1, Watermead View 512, Melton Road, Leicester, LE4 7SPApartment 1, Watermead View 512, Melton Road, Leicester, LE4 7SP
- Sold May 2021£2,808,000 | 2 Bed Flat510, Melton Road, Leicester, LE4 7SP510, Melton Road, Leicester, LE4 7SP
- Sold Jan 2026£1,250,000 | 2 Bed FlatFlat 4, 28, Melton Road, Leicester, LE4 5EAFlat 4, 28, Melton Road, Leicester, LE4 5EA
Schools Nearby
- Sandfield Close Primary School700 m away
- Herrick Primary School800 m away
- Riverside Community Primary School Birstall1.1 km away
- Rushey Mead Academy1.0 km away
- Soar Valley College1.2 km away
- The Cedars Academy1.9 km away
More reading links
Public Transport Nearby
The closest station to LE4 7SP is Syston station, which is 3.1 kilometres away.
- Syston|3.1 km away
- Leicester|4.6 km away
- Sileby|6.7 km away
- Barrow-upon-Soar|9.3 km away
