Area Guide For Leek

Leek is a market town in the county of Staffordshire, England, on the River Churnet. It is an ancient borough and was granted its royal charter in 1214. It is the administrative centre for the Staffordshire Moorlands District Council. King John granted Ranulph de Blundeville, Earl of Chester, the right to hold a weekly Wednesday market and an annual seven-day fair in Leek in 1207. Leek's coat of arms is made up of a Saltire Shield. On the top is the Staffordshire Knot, either side is the famous Leek "Double Sunset" and below a gold garb. The crest is a mural crown with three Mulberry leaves on a Mount of Heather on top of which a Moorcock is resting his claw on a small-weave Shuttle. The motto 'ARTE FAVENTE NIL DESPERANDUM' translates to Our skill assisting us, we have no cause for despair. The Coat of Arms was granted on 7 May 1956. The town has had a regular cattle market for hundreds of years, reflecting its role as a centre of local farming. Following the industrial revolution it became a major producer of textiles, with silk working in particular coming to dominate the industrial landscape. Though this industry has declined somewhat, it has continued through the large number


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Estimated Price: £175,222
Average Asking Price: £227,336
Price change in last one year: £11,846
Average Price Paid: £151,036
Average Rent Rates: £835


Property Prices Breakdown in Leek

Average Price for property in Leek is around £175,222 which varies based on type of property you are interested in and ranges from £276,221 for detached house to around £153,065 for semi-detached. Similarly terraced house is around £114,139 and a flat is worth £117,859. Values have been changing and have risen £658 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £343 in last 6 months, £11,846 in last 1 year, £15,352 in last 2 years, £20,691 in last 3 years, £11,399 in last 4 years and £14,238 in last 5 years.

Currently average asking price of a property in Leek is around £227,336 based on approximately 414 properties for sale. Same is the case with rental options based on 83 properties up for rent, average asking rent is around £835 per month.

Estimated property value in Leek is £175,222. Average asking price is £227,336 while average price paid is £150,401 which is up by £11,846 and Avg. asking rent £835.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Leek area. In last 1 year alone average price buyer paid is around £150,401 based on approximately 414 sales in Leek area alone. If you compare it to last 3 years sales of 1,125 properties where buyers paid around £149,301. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £151,036 for 1,729 and average amount paid for purchase of approx. 2,383 properties sold in last 7 years comes to about £150,061 per sale.


Properties For Sale in Leek


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £83,270, £115,118 for a 2 bedroom house, £193,391 for a 3 bedroom house, £358,513 for a 4 bedroom house and £451,922 for a 5 bedroom house. For a flat similarly the prices varies from £84,609 for a single bedroom to £97,750 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £177,475. To sum up the asking prices for properties in Leek it comes to around average £84,191 for 1 bedroom property, £112,309 for 2 bedroom, £193,112 for 3 bedroom, £358,513 for 4 bedroom and £451,922 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £353 for 1 bedroom to £417 for 2 bedrooms, £505 for 3 bedrooms, £802 for 4 bedrooms and £1,125 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £373. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £408 and £451 for 4 bedroom. You should be generally be expecting around average £364 rent per month for single bedroom property, £415 for 2 bedroom, £505 for 3 bedroom, £626 for 4 bedroom and approximately £1,124 for a 5 bedroom property in Leek area.

Popular Houses in Leek

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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