At a Glance
Average Property Price - LE4
£269,880
34
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE4
£32,613
17
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE4
5.7%
95
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price in LE4 is £270,000, placing it below the national average. Over the past decade, prices have grown at 5.7% annually—among the strongest growth rates nationally. Transaction activity has moderated recently, with 738 sales in the latest full year compared to a 10-year average of 894.
Rent & Yield Trends
Average monthly rent in the wider LE postcode is £961, slightly below the national midpoint. Rental growth over the past decade has been robust at 4.9% per year, outpacing national trends significantly. The flat yield currently stands at 6.3%, well above its 10-year average of 4.9%, reflecting improving returns for landlords.
Income & Affordability Trends
Household incomes in LE4 average £33,000, substantially below the national average. The price-to-income ratio has deteriorated markedly from 6.1x in 2016 to 8.0x today, indicating purchase affordability has worsened. Rental affordability has remained relatively stable, with rent consuming 24.1% of household income compared to 24.3% a decade ago.
Resident Demographic Profile
The age profile skews slightly towards working-age and family households: those aged 35–49 represent 21.2% of the population, noticeably above the national average of 18.7%, whilst seniors aged 65+ account for a below-average 15.5%. Employment is concentrated in elementary roles (18%) and plant/machine operation (16.3%), both well above national norms, while professional occupations (13.4%) and managerial roles (7.2%) are notably underrepresented. Social rented housing is more prevalent than nationally, at 19.9% compared to 16.5%.