At a Glance
Average Property Price - LE1
£137,230
2
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE1
£34,705
30
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE1
1.5%
5
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price in LE1 is £137,000, among the cheapest nationally. Over the past decade, prices have grown at an annualised rate of 1.5%, which is well below the national average. Annual transaction volumes have slowed considerably, falling to 46 in the latest full year compared with a 10-year average of 104.
Rent & Yield Trends
Average monthly rent in the broader LE postcode is £961, slightly below the national midpoint. Rental growth over the past decade has been notably strong at 4.9% per year, among the fastest nationally. The flat yield currently stands at 6.3%, up from a 10-year average of 4.9%, indicating improving returns for buy-to-let investors.
Income & Affordability Trends
Average net household income is £34,705, below the national average. The price-to-income ratio of 4.2x represents a meaningful improvement in purchase affordability since 2016, when it stood at 5.2x. Rental affordability has remained essentially stable, with the rent-to-income ratio at 24.1% compared with 24.3% a decade ago.
Resident Demographic Profile
LE1 has an exceptionally young population, with 47.3% aged 16–24 (more than four times the national average) and only 4.5% aged 65 and over. The housing market is dominated by private renting at 61%, far above the national norm of 21.7%, while outright ownership at 9% is well below the national average of 33.7%. The employment profile skews towards elementary occupations at 19.9% and sales roles at 12.1%, both notably above national levels, whilst managerial positions at 6.3% are significantly underrepresented.