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Mere Road is a residential street with 333 addresses.
It ranks as the 769th largest and 200th most expensive of the 771 streets in the LE5 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 333 properties: 221 houses and 112 flats.
Mere Road is a residential street with 333 addresses.
It ranks as the 769th largest and 200th most expensive of the 771 streets in the LE5 area. The dominant property type is a period house built between 1800 and 1911.
The street contains a total of 333 properties: 221 houses and 112 flats.
Sale prices range from £47,563 for 1 bedroom leasehold flats (107 ft2) to £858,918 for 5 bedroom freehold houses with a garden (1,915 ft2) .
Monthly rental prices range from £263 pcm for 1 bed flats to £2,835 pcm for 5 bed houses.
The gross rental yield is between 4.0% and 7.4%.
The average value per square foot is £224.
The last sale on Mere Road sold for £260,500 on 22nd April 2026. Since then prices are up an average of 1.2%.
The current average value in the street is £213,013.
The Mere Road Sales Market has increased by 51.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | -0.8% | £213,013 |
| May 2025 | 2.1% | £214,761 |
| May 2024 | -1.3% | £210,282 |
| May 2023 | 3.1% | £213,060 |
| May 2022 | 9.2% | £206,742 |
| May 2021 | 7.9% | £189,393 |
| May 2020 | 3.8% | £175,553 |
| May 2019 | 4.7% | £169,168 |
| May 2018 | 7.1% | £161,528 |
| May 2017 | 7.1% | £150,824 |
| May 2016 | 6.2% | £140,806 |
| May 2015 | 5.1% | £132,648 |
| May 2014 | 6.3% | £126,182 |
| May 2013 | -0.4% | £118,725 |
| May 2012 | -0.5% | £119,162 |
| May 2011 | -0.1% | £119,749 |
| May 2010 | 6.1% | £119,826 |
| May 2009 | -13.1% | £112,974 |
| May 2008 | -1.8% | £129,937 |
| May 2007 | 0% | £132,274 |
The current average rental value in the street is £996.
The Mere Road Rental Market has increased by 61.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| May 2026 | 3.6% | £996pcm |
| May 2025 | 6% | £961pcm |
| May 2024 | 7.4% | £906pcm |
| May 2023 | 8.9% | £844pcm |
| May 2022 | 8.4% | £775pcm |
| May 2021 | 4.4% | £715pcm |
| May 2020 | 2.3% | £685pcm |
| May 2019 | 3% | £669pcm |
| May 2018 | 2.1% | £650pcm |
| May 2017 | 3.1% | £637pcm |
| May 2016 | 3.3% | £618pcm |
| May 2015 | 2.7% | £598pcm |
| May 2014 | 2% | £582pcm |
| May 2013 | 0.9% | £571pcm |
| May 2012 | -0.8% | £566pcm |
| May 2011 | 3.8% | £570pcm |
| May 2010 | 2.9% | £550pcm |
| May 2009 | -8.1% | £534pcm |
| May 2008 | 3.4% | £582pcm |
| May 2007 | 0% | £562pcm |
The last sale was on 22nd April 2026 for £260,500 and since then the market in the area has increased by 1.2%. The street has had a total of 184 sales since 1995.
Mere Road, Leicester, LE5 has seen 15 sales in the last three years and 5 sales in the last twelve months.
Mere Road, Leicester, LE5 is the 769th largest and the 200th most expensive street in the LE5 area.
There are 9 postcodes on Mere Road, Leicester, LE5.
The closest station to Mere Road, Leicester, LE5 is Leicester station which is 1.5 kilometres away.
The recent census recorded whether a resident owned or rented their home.
In the area around Mere Road, Leicester, LE5, 43.1% of property is privately rented and 22.0% is socially rented.
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 Mere Road, Leicester, LE5, 22.7% of residents are recorded as possessing school level qualifications and 14.8% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around Mere Road, Leicester, LE5, the average age was 33.9 and the most common age was 22.
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 Mere Road, Leicester, LE5, 0.8% 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 Mere Road, Leicester, LE5, there are an average of 0.9 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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