At a Glance
Average Property Price - LE7
£369,973
61
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE7
£42,789
69
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE7
3.9%
63
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The latest average property price in LE7 is £370,000, placing it around the middle of the national range. Over the past decade, prices have grown at 3.9% per year—slightly above the typical national pace. Transaction activity has eased: the area recorded 771 sales in the latest full year, down from a 10-year average of 907, reflecting a more moderate level of buyer interest.
Rent & Yield Trends
Average monthly rent across the broader LE postcode is £961, below the national midpoint. However, rental growth has been notably strong: over the past decade, rents have climbed 4.9% per year, among the fastest nationally. Flat yields have tightened considerably: currently sitting at 6.3%, they have fallen from a 10-year average of 4.9%, suggesting tighter margins for buy-to-let investors despite solid recent rental gains.
Income & Affordability Trends
Household incomes here average £42,789, well above the national median and placing the area in the upper half nationally. Purchase affordability has barely shifted: the price-to-income ratio stands at 8.4x, up marginally from 8.3x in 2016, indicating that buying power has roughly kept pace with price rises. Rental affordability has improved slightly: the rent-to-income ratio has eased from 24.3% in 2016 to 24.1% today.
Resident Demographic Profile
The population skews slightly older than the national average, with notably higher proportions of residents aged 50–64 (21% vs 19.8%) and 65+ (21% vs 19.6%), while the 16–24 age group is underrepresented at 9.6% compared to 11% nationally. Housing tenure reflects a distinctly owner-occupied character: 39.8% own outright and 35% own with mortgage—combined, this is well above the national average—while private renting (14.8%) and social renting (9%) are both significantly lower than nationally. The employment mix leans towards managers (15.2%, above the 13.4% national average) and skilled trades (11.2% vs 10.5%), with a notably low proportion in elementary roles (8.2% vs 10.2%).