Leicester has been hailed as a property hotspot for people looking to make money by buying and selling property.

A list of the ‘ten best regional hotspots to make money from property’ featured in the Telegraph puts Leicestershire at number five, stating that the county is likely to see the largest property sector growth in the East Midlands. The region overall has an impressive predicted sector growth of 13 per cent in the next half decade.

Number one in the list was the Fulham and Hammersmith area of London. It must be remembered, however, that properties in these areas require a significantly greater initial investment.

In Leicester, for example, Rightmove figures for the last year show that the average price that a semi-detached property sold for was £171,363, whilst terraced properties fetched £139,824 and detached properties sold for £278,924 on average.

The city’s overall average price was £181,576, showing an increase of six per cent on the year before and a 13 per cent rise from the £161,235 average seen in 2007 – but still demonstrating the great value on offer for investors looking to buy property in Leicester.

In contrast, Rightmove data shows that the London Borough of Hammersmith and Fulham had an average sold price of almost £1 million (£941,660) in the last year.

The majority of sales in the borough were flats, which sold for an average of £703,451. Terraced properties, meanwhile, sold for an average of one and a half million pounds (£1,533,822), and semi-detached properties demanded an average of £1,874,933.

These figures show the vast difference between Leicester and the capital when it comes to getting value for money in the property market. The average price for a terraced property in Leicester in the last year was an incredible £1,393,998 cheaper than the average terraced house in Hammersmith and Fulham, whilst semi-detached homes were typically £1,703,570 less.

The average prices in Hammersmith and Fulham were vast in comparison to Leicester property but were largely similar to the previous year for the area.

Over the last year, Hammersmith and Fulham was generally more expensive than its neighbour Ealing, where the average property price reached £552,300, and Hounslow, which experienced a property average of £484,769. It was cheaper than the borough of Kensington and Chelsea, however, as average property prices rocketed to almost £2 million (£1,949,845).

To find out more about the excellent value on offer from the Leicester property market, browse the Keywest listings today or get in touch for all the local advice and professional help you need to make a Leicester investment a huge success – call 01162544555.