At a Glance
Average Property Price - LE8
£329,824
51
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE8
£40,936
62
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE8
3.6%
53
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The average property price in LE8 is £330,000, roughly in line with the national average. Over the past decade, prices have grown at 3.6% annually—a pace comparable to national trends. Transaction volumes have eased in recent years, with 516 sales in the latest full year against a 10-year average of 699, reflecting broader market softness.
Rent & Yield Trends
Average monthly rent across the broader LE postcode area stands at £961, slightly below the national median. Rents have grown notably faster than the national average over the past decade, rising at 4.9% annually—among the strongest growth rates in the country. The flat yield has strengthened materially, climbing to 6.3% in the latest year from a 10-year average of 4.9%, signalling improving rental returns.
Income & Affordability Trends
Household incomes here are above average at nearly £41,000 per year. However, affordability for buyers has deteriorated slightly: the price-to-income ratio now sits at 8.2x, up from 8.0x in 2016. Rental affordability has improved marginally, with rent now consuming 24.1% of household income compared to 24.3% in 2016.
Resident Demographic Profile
LE8 skews towards older and established households. Those aged 50 and above account for 42.6% of the population—well above the national average of 39.4%—while young adults aged 16–24 are notably underrepresented at 8.9% versus the national 11.0%. Owner-occupation is particularly strong, with 75.9% of households owning their home outright or with a mortgage, compared to 60.7% nationally. The employment profile is broadly balanced with slightly elevated managerial and professional roles, and noticeably fewer elementary and plant/machine occupations than national norms.