At a Glance
Average Property Price - LE12
£334,017
52
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE12
£43,733
72
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE12
3.8%
59
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The latest average property price in LE12 is £334,000, roughly in line with the national average. Over the past decade, prices have grown at 3.8% annually, slightly above the slowest-growing third of UK postcodes nationally. Transaction activity has moderated from its 10-year average, with 1,063 sales in the latest year compared to a historical norm of 1,327.
Rent & Yield Trends
Monthly rents average £961, placing the area slightly below the national midpoint. Rental growth over the past decade has been exceptionally strong at 4.9% annually, among the fastest in the country. The current flat yield of 6.3% sits well above its 10-year average of 4.9%, signalling improving returns for landlords.
Income & Affordability Trends
Average household income of £43,733 sits comfortably above the national median, placing the area in the upper half nationally. Purchase affordability has improved fractionally: the price-to-income ratio has tightened from 7.5x in 2016 to 7.4x today. Rental affordability has also improved modestly over the same period, with rent-to-income falling from 24.3% to 24.1%.
Resident Demographic Profile
The population skews slightly older than average, with over-50s comprising 41% of residents compared to 39% nationally, while the 16–24 age group is noticeably underrepresented. Owner-occupation is significantly higher than average: 38.5% own outright and 34.3% own with a mortgage, together accounting for 73% of households against a national combined figure of 60.7%. Private renting is correspondingly lower at 15.3%. The employment profile leans towards professional and managerial roles, which together account for 37% of workers, above the national average of 33.9%.