Property trends for LE67

The average property price in LE67 is £275,000, placing it below the national average. Over the past decade, prices have grown at 4.7% annually—a notably strong performance compared with most of the country. Transaction activity has slowed in the latest year, with 879 sales against a 10-year average of 1,200, reflecting wider market trends.

Average monthly rent stands at £961, slightly below the national median. Rental growth over ten years has been exceptionally robust at 4.9% per annum, among the fastest nationally. The flat yield has improved markedly, currently at 6.3% compared with a 10-year average of 4.9%, indicating better returns for buy-to-let investors in recent times.

Household income in LE67 is broadly in line with the national average at £38,257. Purchase affordability has tightened: the price-to-income ratio stands at 7.3x, up from 6.4x in 2016, making property ownership require proportionally more income than a decade ago. Rental affordability has remained stable, with rent-to-income at 24.1% compared with 24.3% in 2016.

The population skews slightly older than average, with those aged 50–64 and 65+ together accounting for over 39% of residents. Housing tenure is notably owner-occupied: 35.8% own with a mortgage and 35.3% own outright, well above the national average for both categories, while private renting is comparatively low at 14.2%. The employment mix is more weighted towards trades (12.5%) and plant/machine work (9.8%) than nationally, with fewer professionals (14.8%) than the UK average.