At a Glance
Average Property Price - LE9
£303,986
43
National percentile
Average Monthly Rent - LE
£961
45
National percentile
Average Net Household Income - LE9
£40,459
60
National percentile
Flat / Maisonette Yield - LE
6.3%
91
National percentile
10-Year Annualised Price Growth - LE9
4.1%
70
National percentile
10-Year Annualised Rent Growth - LE
4.9%
93
National percentile
Property Price & Volume Trends
The latest average property price in LE9 stands at £304,000, broadly in line with national levels. Over the past decade, prices have grown at an annualised rate of 4.1%, outpacing the slowest-growing markets but broadly in the middle of the national range. Transaction activity has declined notably, with 798 sales in the latest full year compared to a 10-year average of 1,031 annually.
Rent & Yield Trends
Average monthly rent across the LE postcode area is £961, slightly below the national median. Rents have grown at 4.9% annually over the past decade, placing the area among the fastest-growing rental markets nationally. The flat yield has improved significantly, now standing at 6.3% compared to a 10-year average of 4.9%, reflecting both rental growth and moderating capital values.
Income & Affordability Trends
Average net household income of £40,459 sits above the national average. The purchase price-to-income ratio has widened from 6.9x in 2016 to 7.4x today, indicating that property has become less affordable relative to local earnings. Rental affordability has remained stable, with the rent-to-income ratio holding steady at around 24% over the same period.
Resident Demographic Profile
LE9 has a noticeably older population than the national average, with 21.2% aged 65 and over (compared to 19.6% nationally) and only 8.5% aged 16–24 (against 11.0% nationally). Housing tenure is heavily skewed towards ownership: 38.7% own outright and 36.1% own with a mortgage, together accounting for three-quarters of all households. The workforce is weighted towards technical and managerial roles, with tradespeople and administrative staff also well-represented; professional employment is proportionally lower than the national average.