At a Glance
Average Property Price - LE10
£288,850
39
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE10
£36,267
39
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE10
3.7%
54
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price in LE10 is £289,000, slightly below the national midpoint. Over the past decade, prices have grown at 3.7% annually—close to the national trend. Transaction activity has softened slightly, with 812 sales in the latest year compared to a 10-year average of 958, suggesting a modest slowdown in market momentum.
Rent & Yield Trends
Average monthly rent across the broader LE postcode area is £961, marginally below the national median. Rental growth has been notably strong at 4.9% per year over ten years—among the fastest nationally. Flat yield currently stands at 6.3%, a marked improvement on the 10-year average of 4.9%, reflecting a tightening rental market and sustained investor demand.
Income & Affordability Trends
Average household income in LE10 is £36,267, modestly below the national average. The price-to-income ratio of 7.5x has moved unfavourably compared to 6.7x in 2016, indicating that property has become harder to afford relative to local earnings. Rental affordability remains stable, with rent consuming 24.1% of household income—virtually unchanged from 24.3% in 2016.
Resident Demographic Profile
The population skews older than the national norm, with those aged 50 and above representing 40% of residents versus 39.4% nationally. Owner-occupation is notably higher, with 69.7% of homes owned outright or with a mortgage against the national average of 60.7%; conversely, social rented housing accounts for only 9.3% versus 16.5% nationally. The employment profile is weighted toward trades, elementary, and plant/machine roles, which together represent 30.4% of the workforce compared to 27.3% nationally.