Mere Road - LE5 5GS
Key Postcode Insights
LE5 5GS is a residential postcode situated on Mere Road, Leicester, LE5 with 42 addresses.
It ranks as the 1247th largest and 245th 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 42 properties: 33 houses, 7 flats and 2 other properties.
- Ave. Sale Price
- £191,526
- 10 Year change
- up 49.3%
- Ave. Rental Price
- £1,038pcm
- 10 Year change
- up 64.6%
- Ave. £ per ft²
- £257/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Key Postcode Insights
LE5 5GS is a residential postcode situated on Mere Road, Leicester, LE5 with 42 addresses.
It ranks as the 1247th largest and 245th 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 42 properties: 33 houses, 7 flats and 2 other properties.
- Ave. Sale Price
- £191,526
- 10 Year change
- up 49.3%
- Ave. Rental Price
- £1,038pcm
- 10 Year change
- up 64.6%
- Ave. £ per ft²
- £257/ft²
- Ave. Gross Yield
- 6.5%/year/yr
Explore Properties in LE5 5GS
- 243 Mere Road
House
- 245 Mere Road
3 Bed Period House
- 247 Mere Road
3 Bed Period House
- 249 Mere Road
3 Bed House
- 251 Mere Road
3 Bed Period House
Sales Market Trends
The last sale in LE5 5GS sold for £210,000 on 19th September 2025. Since then prices are down an average of 0.5%.
The current average value in the postcode is £191,526.
The LE5 5GS Sales Market has increased by 49.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | -0.5% | £191,526 |
| June 2025 | 1.9% | £192,506 |
| June 2024 | -0.7% | £188,958 |
| June 2023 | 1.5% | £190,385 |
| June 2022 | 9.7% | £187,555 |
| June 2021 | 7.3% | £171,037 |
| June 2020 | 4.4% | £159,377 |
| June 2019 | 4.4% | £152,701 |
| June 2018 | 6.5% | £146,315 |
| June 2017 | 7.1% | £137,416 |
| June 2016 | 6.1% | £128,281 |
| June 2015 | 5.2% | £120,878 |
| June 2014 | 6.7% | £114,910 |
| June 2013 | -0.1% | £107,742 |
| June 2012 | -0.2% | £107,826 |
| June 2011 | -0.7% | £108,071 |
| June 2010 | 6.8% | £108,863 |
| June 2009 | -12.8% | £101,962 |
| June 2008 | -3.2% | £116,935 |
| June 2007 | 0% | £120,815 |
Rental Market Trends
The current average rental value in the postcode is £1,038.
The LE5 5GS Rental Market has increased by 64.6% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| June 2026 | 4% | £1,038pcm |
| June 2025 | 4.9% | £998pcm |
| June 2024 | 7.6% | £951pcm |
| June 2023 | 8.5% | £884pcm |
| June 2022 | 9.5% | £815pcm |
| June 2021 | 4.7% | £744pcm |
| June 2020 | 3.2% | £711pcm |
| June 2019 | 2.5% | £688pcm |
| June 2018 | 2.8% | £672pcm |
| June 2017 | 3.7% | £654pcm |
| June 2016 | 3.4% | £631pcm |
| June 2015 | 3.3% | £610pcm |
| June 2014 | 1.9% | £590pcm |
| June 2013 | 1.7% | £579pcm |
| June 2012 | -0.5% | £570pcm |
| June 2011 | 3.3% | £573pcm |
| June 2010 | 4% | £554pcm |
| June 2009 | -8% | £533pcm |
| June 2008 | 1.7% | £579pcm |
| June 2007 | 0% | £570pcm |
Sales History
The last recorded sale was on 19th September 2025 for £210,000 and since then the market in the area has decreased by 0.5%.
LE5 5GS has had 3 sales since 1995, with 2 in the last three years and 1 in the last twelve months.
- Sold Sep 2025£210,000 | 3 Bed House249, Mere Road, Leicester, LE5 5GS249, Mere Road, Leicester, LE5 5GS
- Sold May 2024£190,000 | 3 Bed House301, Mere Road, Leicester, LE5 5GS301, Mere Road, Leicester, LE5 5GS
- Sold Aug 2021£178,000 | 3 Bed House269, Mere Road, Leicester, LE5 5GS269, Mere Road, Leicester, LE5 5GS
Nearby Postcodes
LE5 5GS is the 1247th largest and the 245th most expensive postcode out of the 1,375 postcodes in the LE5 area.
- LE5 5GP, Mere Road, Leicester, LE5LE5 5GP31 Addresses|33 m away
- LE5 5HJ, East Park Road, Leicester, LE5LE5 5HJ16 Addresses|68 m away
- LE5 5HH, East Park Road, Leicester, LE5LE5 5HH40 Addresses|122 m away
- LE5 5JD, Normanton Road, Leicester, LE5LE5 5JD21 Addresses|130 m away
- LE5 5HL, East Park Road, Leicester, LE5LE5 5HL49 Addresses|137 m away
Property Types
- 32 period houses built between 1800 and 1911
- 6 period flats built between 1800 and 1911
- 1 modern flat built after 1980
- 1 house of an unknown age
- 2 other addresses of unknown type
- period house (32)
- period flat (6)
- modern flat (1)
- house (1)
- Unknown (2)
Energy Efficiency
- Energy Performance Certificate (EPC) surveys have been conducted for 37 properties.
- The most common rating is D.
- A (0)
- E (6)
- B (1)
- F (1)
- C (12)
- G (1)
- D (16)
- No EPC (5)
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. Academy500 m away
- Uplands Infant School500 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 5GS is Leicester station, which is 1.1 kilometres away.
- Leicester|1.1 km away
- South Wigston|5.4 km away
- Syston|7.6 km away
- Narborough|9.0 km away
