Mere Road - LE5 5GP
Key Postcode Insights
LE5 5GP is a residential postcode situated on Mere Road, Leicester, LE5 with 31 addresses.
It ranks as the 1033rd largest and 205th most expensive of the 1,375 postcodes in the LE5 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 31 properties: 18 houses and 13 flats.
- Ave. Sale Price
- £166,259
- 10 Year change
- up 49.7%
- Ave. Rental Price
- £871pcm
- 10 Year change
- up 65.0%
- Ave. £ per ft²
- £216/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Key Postcode Insights
LE5 5GP is a residential postcode situated on Mere Road, Leicester, LE5 with 31 addresses.
It ranks as the 1033rd largest and 205th most expensive of the 1,375 postcodes in the LE5 area. The most common property type is a period house built between 1800 and 1911.
The postcode contains a total of 31 properties: 18 houses and 13 flats.
- Ave. Sale Price
- £166,259
- 10 Year change
- up 49.7%
- Ave. Rental Price
- £871pcm
- 10 Year change
- up 65.0%
- Ave. £ per ft²
- £216/ft²
- Ave. Gross Yield
- 6.3%/year/yr
Explore Propertiesin LE5 5GP
- 214 Mere Road
4 Bed Period House
- 216 Mere Road
4 Bed Period House
- 218 Mere Road
3 Bed Period House
- 220 Mere Road
3 Bed Period House
- 222 Mere Road
3 Bed Period House
Sales Market Trends
The last sale in LE5 5GP sold for £555,000 on 8th December 2023. Since then prices are up an average of 51.9%.
The current average value in the postcode is £166,259.
The LE5 5GP Sales Market has increased by 49.7% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.5% | £166,259 |
| June 2025 | 1.9% | £167,050 |
| June 2024 | -0.8% | £163,963 |
| June 2023 | 1.5% | £165,302 |
| June 2022 | 9.8% | £162,850 |
| June 2021 | 7.4% | £148,318 |
| June 2020 | 4.4% | £138,160 |
| June 2019 | 4.4% | £132,331 |
| June 2018 | 6.5% | £126,789 |
| June 2017 | 7.2% | £119,000 |
| June 2016 | 6.1% | £111,051 |
| June 2015 | 5.2% | £104,659 |
| June 2014 | 6.7% | £99,442 |
| June 2013 | -0.1% | £93,220 |
| June 2012 | -0.2% | £93,267 |
| June 2011 | -0.7% | £93,483 |
| June 2010 | 6.6% | £94,185 |
| June 2009 | -12.9% | £88,331 |
| June 2008 | -3.2% | £101,428 |
| June 2007 | 0% | £104,775 |
Rental Market Trends
The current average rental value in the postcode is £871.
The LE5 5GP Rental Market has increased by 65.0% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4% | £871pcm |
| June 2025 | 4.9% | £837pcm |
| June 2024 | 7.5% | £798pcm |
| June 2023 | 8.5% | £742pcm |
| June 2022 | 9.7% | £684pcm |
| June 2021 | 4.8% | £624pcm |
| June 2020 | 3.3% | £596pcm |
| June 2019 | 2.5% | £577pcm |
| June 2018 | 2.8% | £563pcm |
| June 2017 | 3.7% | £547pcm |
| June 2016 | 3.4% | £528pcm |
| June 2015 | 3.3% | £510pcm |
| June 2014 | 2% | £494pcm |
| June 2013 | 1.7% | £484pcm |
| June 2012 | -0.5% | £476pcm |
| June 2011 | 3.3% | £479pcm |
| June 2010 | 3.8% | £464pcm |
| June 2009 | -8.1% | £446pcm |
| June 2008 | 1.7% | £486pcm |
| June 2007 | 0% | £478pcm |
Sales History
The last sale was on 8th December 2023 for £555,000 and since then the market in the area has increased by 51.9%. The postcode has had a total of 31 sales since 1995.
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 FlatFlat 1, 254, Mere Road, Leicester, LE5 5GPFlat 1, 254, Mere Road, Leicester, LE5 5GP
- Sold May 2016£120,500 | 3 Bed House220, Mere Road, Leicester, LE5 5GP220, Mere Road, Leicester, LE5 5GP
- Sold Mar 2016£120,000 | 3 Bed House234, Mere Road, Leicester, LE5 5GP234, Mere Road, Leicester, LE5 5GP
- Sold Jan 2016£92,000 | 2 Bed FlatFlat 4, 254, Mere Road, Leicester, LE5 5GPFlat 4, 254, Mere Road, Leicester, LE5 5GP
- Sold Jan 2016£82,000 | 2 Bed FlatFlat 1, 254, Mere Road, Leicester, LE5 5GPFlat 1, 254, Mere Road, Leicester, LE5 5GP
Nearby Postcodes
LE5 5GP is the 1033rd largest and the 205th most expensive postcode out of the 1,375 postcodes in the LE5 area.
- LE5 5GS, Mere Road, Leicester, LE5LE5 5GS42 Addresses|33 m away
- LE5 5HJ, East Park Road, Leicester, LE5LE5 5HJ16 Addresses|43 m away
- LE5 5JD, Normanton Road, Leicester, LE5LE5 5JD21 Addresses|99 m away
- LE5 5HB, Ashover Road, Leicester, LE5LE5 5HB24 Addresses|109 m away
- LE5 5HH, East Park Road, Leicester, LE5LE5 5HH40 Addresses|113 m away
Property Types
- 15 period houses built between 1800 and 1911
- 5 period flats built between 1800 and 1911
- 8 modern flats built after 1980
- 3 other addresses of unknown type
- period house (15)
- period flat (5)
- modern flat (8)
- Unknown (3)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys conducted for 27 properties.
- The most common rating is D.
- A (0)
- E (6)
- B (1)
- F (0)
- C (2)
- G (0)
- D (18)
- No EPC (4)
Top 3 Most Expensive Sales
- Sold Dec 2023£555,000 | 2 Bed FlatFlat 1, 254, Mere Road, Leicester, LE5 5GPFlat 1, 254, Mere Road, Leicester, LE5 5GP
- Sold Mar 2018£350,000 | 4 Bed House91, Mere Road, Leicester, LE5 5GQ91, Mere Road, Leicester, LE5 5GQ
- Sold Feb 2024£337,000 | 4 Bed House133, Mere Road, Leicester, LE5 5GQ133, Mere Road, Leicester, LE5 5GQ
Schools Nearby
- Medway Community Primary School400 m away
- Uplands Junior L.E.A.D. Academy600 m away
- Uplands Infant School600 m away
- Madani Girls' School600 m away
- Madani Boys School600 m away
- Moat Community College900 m away
More reading links
Public Transport Nearby
The closest station to LE5 5GP is Leicester station, which is 1.2 kilometres away.
- Leicester|1.2 km away
- South Wigston|5.4 km away
- Syston|7.6 km away
- Narborough|9.0 km away
