The latest house price figures have revealed a striking trend in Leicestershire, particularly in the LE19 area, encompassing Narborough, Enderby, New Lubbesthorpe, and Littlethorpe. This region is witnessing the fastest decline in property values across Leicestershire. While this news may be unsettling for current homeowners, it’s shaping up to be an opportunity for prospective buyers.
LE19 isn’t just any area experiencing a market dip; it’s a vibrant and dynamic part of Leicestershire. With popular shopping destinations like Fosse Park, significant employment opportunities at Meridian Business Park and Grove Park, and quaint residential streets in its three older villages, LE19 offers a blend of convenience and charm.
A Family-Friendly Environment
For leisure, LE19 boasts the Meridian area, featuring a range of activities from bowling and cinema to dining and fitness facilities, along with the leisure center and swimming pool at Enderby. Narborough, another gem in this area, is home to Palmer’s Garden Centre and the picturesque Everard Meadows.
Families in LE19 benefit from excellent educational institutions, such as the outstanding Pastures Primary School in Enderby and Brockington College, ensuring quality education for children.
Transportation is a key highlight in LE19, with major motorways like the M1 and M69 intersecting here. Narborough also has its own train station, and Leicester Railway Station is conveniently nearby, making commuting and traveling easy for residents.
Whether you’re an admirer of charming old houses or prefer the sleekness of new builds, LE19 has something for everyone. The New Lubbesthorpe development is continuously adding modern homes, catering to those looking for a contemporary living space.
Pricing Trends
The average house price in LE19 as of October 2023 was £286,031.40, marking a 4.7% decrease from the previous year’s average of £300,050.70. This downturn presents a golden chance for buyers to find their dream home at more affordable prices.
LE19’s real estate landscape is diverse. From a £320,000 two-bedroom bungalow in Ashlands Way, Narborough, to a brand-new three-bedroom detached house in New Lubbesthorpe for £357,995, the area caters to a range of budgets and preferences.
The more economical end of the market includes properties like a two-bedroom terrace in Enderby, now priced at £170,000 after a 10.5% price reduction, and a two-bedroom terrace in Narborough for £180,000.
Price reductions are becoming increasingly common in LE19, as seen with a three-bedroom semi-detached home in Enderby, now at £219,950 after a 12% cut, and a similar property in Masefield Avenue reduced by nearly 11% to £285,000.