At a Glance
Average Property Price - LE5
£276,673
35
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE5
£29,780
7
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE5
4.7%
83
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The latest average property price in LE5 is £277,000, placing it below the national average. Over the past decade, prices have grown by 4.7% annually—among the fastest-growing areas nationally. However, transaction activity has slowed noticeably: 459 sales were recorded in the latest full year, compared with an average of 718 per year over the previous ten years, representing a marked decline in market turnover.
Rent & Yield Trends
Average monthly rent in the broader LE postcode area stands at £961, close to the national midpoint. Rents have risen by 4.9% per year over the past decade—significantly faster than the national trend. The current flat yield of 6.3% is materially higher than the ten-year average of 4.9%, reflecting improved rental returns for investors in recent years.
Income & Affordability Trends
Average net household income is £29,780, substantially below the national average, placing the area among the least affluent nationally. The price-to-income ratio has deteriorated markedly from 7.1x in 2016 to 9.2x today, indicating that property has become considerably less affordable relative to local incomes. Rental affordability, conversely, has remained relatively stable at 24.1% of income, slightly improved from 24.3% in 2016.
Resident Demographic Profile
LE5 has a notably young population: children under 15 and young adults aged 16–24 are both significantly overrepresented, together accounting for 40% of residents compared with just under 29% nationally. The 65+ age group is substantially underrepresented at just 11%. In terms of tenure, private renting dominates at 33%, well above the national average, while outright ownership is notably lower at 25%. The employment profile is distinctive for high concentrations in plant and machine operative roles (16%) and elementary occupations (19%), both well above national norms, alongside below-average representation among managers and professionals.