Maybe you have a town house in Humberstone that you need to sell due to relocating, but the open market takes too long.
Prices, rents, yields, growth & much more for the city of Leicester
Leicester is a city in the East Midlands, England, 101 miles northwest of London and 311 miles southeast of Edinburgh. The city is famous for its part as a stronghold for both the Romans and Danes and for a history going back for almost two millennia.
In the 19th century, the industrial revolution led to the rise of hosiery and knitwear industries in Leicester, which later turned into light engineering and manufacturing.
The city is famous for its cheese — Red Leicester, and its hand in the rise of the worldwide sensation that is Walkers Crisps (or Lays if you’re abroad). Currently the largest industries in Leicester are the Health, Education, Manufacturing and Retail industries.
Although there was a slight dip at the end of 2022, Leicester’s housing market remains firm.
According to PropertyData, the highest average rental yield is in LE1 (Leicester city centre) at 5.7% where the average asking price is £139,025.
There are signs that the property selling times are slowing in Leicester, as there are 8% less properties on the market Year on Year, and the average time on the market has increased by 17% Year on Year.
According to Zoopla the average house price in Leicester over the past year was £266,209, with detached houses selling for the most at £427,257, semi detached houses selling for £271,759, terraced houses selling at £214,634 and flats selling at £169,590.
Investment property in Leicester comprises a large proportion of terraced housing and renovated factories due to the industrial revolution population boom. In the city centre there are a few timber framed mediaeval buildings such as the Magazine Gateway which is a 15th century gatehouse.
The University of Leicester has a massive student population of over 44,000, and De Montfort University has a student population of over 22,000. With such a large student population, Leicester has a very strong demand for rental properties.
We buy in all areas of Leicester, but here are some of the main places:
Leicester City Centre
Humberstone & Hamilton
Braunstone Park & Rowley Fields
Leicester is a trendy city known for its rich history and heritage, its passionate sports opportunities, its multiculturalism and innovation.
The city has many famous landmarks such as the Roman bathhouse, the Jewry Wall Museum, the King Richard III Visitor Centre and the King Power Stadium.
Leicester is one of the most diverse cities in the UK, with a rich cultural heritage that includes Pakistani, Indian, Bangladeshi and African communities. The city hosts a number of multicultural events throughout the year, including the annual Diwali celebrations.
Not only is Leicester a thriving city but it is also surrounded by some beautiful countryside areas, with plenty of opportunities for outdoor activities and exploring nature. There are many wonderful areas of Leicester to live in, but here are a few of our top picks:
Aylestone is located just 3.6 miles south of Leicester city centre and is popular for its community spirit and family-friendly atmosphere. The suburb is well connected to Leicester city centre via bus and train routes, as well as the M1 motorway.
The town has lots of shops, cafes and restaurants, plenty of parks and green spaces making it a popular spot for wildlife spotting. There is a good range of housing options and a great place to live for those wanting a more affordable and family-friendly lifestyle than the city centre.
Aylestone has a mix of traditional Victorian and Edwardian homes to modern developments and it is considered to be more affordable making it ideal for first-time buyers and families.
According to Zoopla, the average sold price for a property in Aylestone over the past year is £218,710, with detached houses selling for £352,049, semi-detached homes selling for £194,682 and flats sold for £139,500.
Braunstone is located 3.8 miles southwest of Leicester city centre and is easily accessible to the centre by train — which only takes 25 minutes. Braunstone is considered a safe place to live in and is known for its affordability and green spaces.
The area has several popular open spaces like Braunstone Park which is the perfect place for walks, picnics and events.
Braunstone has a wide range of properties available, ranging from traditional terraced housing to modern new build developments and is popular amongst first time buyers.
According to Zoopla, the average sold price for a property in Braunstone over the past year is £253,534, with detached properties selling for the most at £300,248, semi detached properties sold for £251,521, terraced properties sold for £214,825 and flats sold for £159,750.
Kirby Muxloe is located 4.7 miles west from Leicester city centre and is known as one of the best places to live in Leicester. The parish has plenty of green spaces including the Kirby Muxloe Golf Club and Leicester Forest Rugby Club.
Kirby Muxloe, is famous for its moated Kirby Muxloe Castle, which was a fortress in the 15th century for Lord Hastings.
The town has a population of just under 5,000 and a mix of newer and period property, with highly rated schools and excellent community spirit.
According to Zoopla, the average sold price for a property in Kirby Muxloe over the past year is £417,913, with detached properties selling for the most at £518,222, semi detached properties selling for £407,425, terraced properties selling for £253,786 and flats selling for £145,000.
It doesn’t matter if you are looking to sell a detached family house, terraced student house or a city centre flat; we will buy any property for cash in any location within Leicester.
The location of your property and the condition it is in won't deter us from helping you achieve a quick house sale — whether the property is in the middle of nowhere or the city centre, in pristine condition or in need of a complete refurbishment, we will help you sell your house fast.
A local high-street estate agent in Leicester should provide you with a service that covers marketing and negotiations of your property, using online property portals for advertising your property and helping you to arrange viewings.
Local estate agents in Leicester tend to cost, on average, 1.3%+VAT of your original asking price, adding any hidden costs or packages that go towards marketing and negotiating on your behalf.
Estate agent valuations in Leicester will vary depending on the honesty of the estate agent, as they may overvalue your property to win your business.
This may mean that you struggle to sell your property on the open market; if you choose to use an estate agent in Leicester, you should ensure that they operate a 'no sale, no fee' service, as this will ensure that this does not occur.
Home.co.uk says it will take you, on average, 99 days to sell a property in Leicester via an estate agent.
Property Auctions in Leicester are helpful if you wish to sell unusual properties.
You will need to know the difference between a guide and reserve prices, as these are set for each property slot.
A guide price for a lot is like a valuation; it's the price that an auction house or the seller thinks the property is worth. A reserve price is a minimum payment that the vendor will accept, but this is usually kept private.
If you decide to sell your property at auction in Leicester, you will pay around £300 to put your home on the auction and then 2.5%+VAT of the selling price, adding a further charge for any additional services like negotiations and marketing.
Yes, anyone can sell at auction in Leicester, most property types sell well on auction for below market value, but you run the risk of not selling at all. Most bidders at an auction are investors or developers looking to buy a property that needs renovation, so there may be better routes than selling your family property on auction.
Usually, a house on auction in Leicester will sell for as little as 70% below market value, but occasionally they can sell for 10% more. The average is about 85% to 90% below market value.
For people who need to sell their property fast in Leicester, property cash buyers can offer a fast sell-house process which includes a valuation, sale processing and payment. After accepting an offer, costs are typically processed within a few days.
Being a cash buyer in Leicester means that the company or person can buy your property for cash without the need for a mortgage or loan to buy the home. You still need to hire a conveyancer, which will be the longest part of the property-selling process.
Usually, when you sell a property for cash, you can expect to complete it within two months of accepting the offer on your property. We can buy your property in as little as seven days, and then it's down to the conveyancer to complete the process.
You will still need a solicitor in Leicester if you sell your home to a cash buyer or any house-buying service. They will carry out the legal conveyancing side of the process and ensure that everything is permitted.
The average time for the conveyancing process is between six to eight weeks, depending on the experience and quality of the conveyancer. We will cover all your solicitor costs.
As a cash buyer in Leicester, we do not charge any estate agent fees; the entire process is free. When you accept a cash offer from us, that is the total amount we will pay directly to your bank; if the house sale exceeds the agreed price, then that profit goes to us.
As a bit of thank you for selling with us, you will not face any legal costs while using our cash-buying services in Leicester; we will cover all your legal fees.
You will never face hidden charges, as our house-buying process is completely transparent, honest and cost-free.
As we buy your home in Leicester with our cash reserves, we do not need to wait on mortgages, loans or property chains. This means we can buy your house in as little as seven days, but most people choose to take around three weeks. We will tailor the sale of your home to suit your needs and situation.
If you are dealing with an inherited or probate property in Leicester, we can help you release the cash from the property quickly and securely. Ensuring the process is as hassle-free as possible and relieving you of any undue stress.
If you have entered a period of financial hardship and wish to release some equity in your Leicester property, we can buy it before the bank repossesses it.
If you are a landlord in Leicester, we can buy your tenanted property from you. We have years of experience dealing with tenants. Once you have agreed to our cash offer, we will take over the tenancy and liaise with the tenants, ensuring the process is as hassle-free as possible for you.
If a buyer has pulled out of your property chain in Leicester and has caused it to break, we can act quickly and buy your property in as little as seven days. We will also help negotiate onward purchases if you are in a tricky situation.
Leicester is a diverse, multicultural city with a rich history and a thriving art scene. The city has numerous museums, galleries and theatres, as well as a variety of music venues, festivals and events.
But, the city has an average time to sell off 99 days, so ensuring you can sell your house fast in Leicester is vital. Below are some ways to generate more interest when selling your property in Leicester:
By giving your property in Leicester a deep clean, a fresh lick of paint, decluttering and ensuring that all obvious damages are repaired, you can significantly increase the desirability of your property and help potential buyers imagine themselves in your house.
It would be best if you carried out any repairs to your home to ensure that you sell your house fast in Leicester; this could include removing any mould, providing any light fixtures are working or replacing any run-down carpets.
You should increase your curb appeal if you have a wild garden in Leicester. This could be through killing weeds in your stonework, mowing tall grass, or trimming your hedges.
By selling your Leicester property to us, you ensure you can sell your house quickly in Leicester.
We will buy your property in as little as seven days, pay all the legal fees usually associated with selling your property and handle all marketing and negotiations, ensuring that the entire process is as hassle-free as possible.
If you're looking to sell your home in the Leicester area, then you may have a few questions; we've pulled a few of them together to help:
There are several benefits to using a sell house fast company like ourselves, but mostly it's that you can sell your home in as little as seven days for cash, it's entirely hassle-free, and everything is handled for you.
It will ultimately depend on your timescale. We can buy your home in as little as seven days in Leicester; however, we know this may not work for some, so we can operate to a timescale that best suits you.
Of course! We're part of The National Association Of Property Buyers (NAPB) & The Property Ombudsman (TPO).
We have sold hundreds of properties in the East Midlands area over the years — look at our thousands of excellent reviews on Trustpilot. The Property Buying Company has been in business since 2012; we wouldn’t have survived if our customers didn’t trust us!
The initial offer is provided by the details you give us & a bit of online research around the area. If you are happy with a figure around that ballpark, we will send a Regional Manager to visit the property and assess its condition, generating a further finalised offer.