At a Glance
Average Property Price - LE11
£262,387
31
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE11
£36,140
38
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE11
3.8%
58
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price in LE11 is £262,000, placing it below the national average. Over the past decade, prices have grown at 3.8% annually, a pace slightly above the national median. Transaction volumes have declined noticeably, with 540 sales in the latest year compared to a ten-year average of 705.
Rent & Yield Trends
Average monthly rent stands at £961, close to the national midpoint. Rental growth has been notably strong at 4.9% annually over ten years, among the fastest nationally. The flat yield of 6.3% is currently well above its ten-year average of 4.9%, reflecting tighter rental markets and improving returns for landlords.
Income & Affordability Trends
Average net household income is £36,140, below the national average. The price-to-income ratio of 7.3x has deteriorated since 2016 (when it was 6.7x), suggesting property has become less affordable relative to earnings. Rental affordability has remained stable, with rent taking 24.1% of household income compared to 24.3% in 2016.
Resident Demographic Profile
The district has a significantly younger age profile, with 23.3% of residents aged 16–24, well above the national figure of 11.0%, and a lower proportion of older residents (13.6% aged 65+, versus 19.6% nationally). Private rental housing is notably prevalent at 27.4%, compared to 21.7% nationally, whilst owner-occupation is proportionally lower. Elementary occupations are overrepresented at 14.3% against the national average of 10.2%.