We consider the stochastic inviscid Leray-$α$ model on the torus driven by transport noise. Under a suitable scaling of the noise, we prove that the weak solutions converge, in some negative Sobolev spaces, to the unique solution of the deterministic viscous Leray-$α$ model. This implies that transport noise regularizes the inviscid Leray-$α$ model so that it enjoys approximate weak uniqueness. Interpreting such limit result as a law of large numbers, we study the underlying central limit theorem and provide an explicit convergence rate.