At a Glance
Average Property Price - LE2
£299,859
42
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE2
£33,369
21
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE2
4.4%
79
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price in LE2 is £300,000, roughly in line with the national average. However, the area has seen strong price growth over the past decade, with annual appreciation of 4.4% — among the fastest-growing postcodes nationally. Transaction activity has softened recently, with 896 sales in the latest year compared to a 10-year average of 1,161, suggesting a more measured market.
Rent & Yield Trends
Average monthly rent stands at £961, slightly below the national midpoint. Rental growth has been notably strong, with 10-year annualised growth of 4.9% — significantly faster than the national average. The flat yield has improved markedly, currently at 6.3% compared to a 10-year average of 4.9%, reflecting strengthening rental returns for investors.
Income & Affordability Trends
Average net household income is £33,369, below the national average, placing the area among lower-income postcodes nationally. The price-to-income ratio has deteriorated since 2016, rising from 7.0x to 9.2x, indicating that property purchase affordability has worsened considerably. Rental affordability has remained largely stable, with rent consuming 24.1% of household income now versus 24.3% a decade ago.
Resident Demographic Profile
The age profile is heavily skewed towards younger residents: those aged 16–24 represent 24% of the population, more than double the national average, while the 65+ cohort at 12% is notably lower than the national 19.6%. Housing tenure is dominated by private rental (35.8%), well above the national average of 21.7%, while outright ownership (25%) and mortgaged ownership (20.7%) are both significantly below national norms. The employment mix reflects the younger, urban character: professionals account for 22.8% (above average), while elementary occupations at 14.6% and sales roles at 9.2% are both elevated.