Key indicators for buyers
The LE1 market is moderately favourable for buyers. Prices have softened (-72.4%), which could present a buying opportunity. Affordability has improved from a peak of 7.7x in 2022 to 7.2x today. Rising rents (£1,024/mo, +4.9%) mean the cost of waiting is real.
Yearly averages · HM Land Registry Price Paid Data
2026averages · HM Land Registry Price Paid Data
House price ÷ median earnings · ONS data
Affordability data shown for wider Leicester area
A home in Leicester costs 7.2x the local median salary — moderate, improving from a peak of 7.7x in 2022.
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Leicester area
Average monthly rent in Leicester is £1,024, up 4.9% year-on-year. Rents have risen consistently over the past five years.
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Leicester price of £192,500 with a 25% deposit (£48k), a 2-year fixed mortgage at 3.97% costs around £760 per month.
Monthly cost comparison based on current data
Uses LE1 avg. price with Leicester rental data
Monthly mortgage payments (£760) are £264 less than renting (£1,024). However, buying requires an upfront deposit of £48k — it would take around 6 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
APARTMENT 35, 3, COLTON SQUARE LE1 1QH | Flat/Maisonette | £117,000 | 15 Jan 2026 |
8, GUILDHALL LANE LE1 5FQ | Semi-detached | £268,000 | 7 Jan 2026 |
APARTMENT 170, ALEXANDRA HOUSE, 47, RUTLAND STREET LE1 1SS | Flat/Maisonette | £74,500 | 23 Dec 2025 |
FLAT 17, WIMBLEDON HOUSE, 21, WIMBLEDON STREET LE1 1SU | Flat/Maisonette | £72,500 | 19 Dec 2025 |
47, CALGARY ROAD LE1 2HB | Flat/Maisonette | £152,000 | 10 Dec 2025 |
4, HUMBERSTONE GATE LE1 3PH | Other | £7,750,000 | 5 Dec 2025 |
APARTMENT 421, ST. GEORGES MILL, 7, WIMBLEDON STREET |
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.
The average property in LE1 sold for £192,500 in 2026, with a median of £192,500 across 2 transactions. Prices fell 72.4% compared to the previous year.
| Flat/Maisonette |
| £280,000 |
| 5 Dec 2025 |
3, HAYMARKET LE1 3GD | Other | £7,750,000 | 5 Dec 2025 |
FLAT 202, THE EXCHANGE, 5, LEE STREET LE1 3AH | Flat/Maisonette | £70,000 | 3 Dec 2025 |
APARTMENT 34, ALEXANDRA HOUSE, 47, RUTLAND STREET LE1 1SE | Flat/Maisonette | £85,000 | 27 Nov 2025 |
APARTMENT 27, ALEXANDRA HOUSE, 47, RUTLAND STREET LE1 1SE | Flat/Maisonette | £94,000 | 20 Nov 2025 |
59, REGENT ROAD LE1 6YF | Other | £710,000 | 14 Nov 2025 |
FLAT 8, 40A, COLTON STREET LE1 1QA | Flat/Maisonette | £118,500 | 14 Nov 2025 |
APARTMENT 214, ST. GEORGES MILL, 7, WIMBLEDON STREET LE1 1SY | Flat/Maisonette | £105,000 | 12 Nov 2025 |
FLAT 30, ARIA APARTMENTS, 42, CHATHAM STREET LE1 6AY | Flat/Maisonette | £185,000 | 12 Nov 2025 |
APARTMENT 63, PHOENIX SQUARE, 9, BURTON STREET LE1 1TL | Flat/Maisonette | £120,000 | 30 Oct 2025 |
APARTMENT 158, ALEXANDRA HOUSE, 47, RUTLAND STREET LE1 1SS | Flat/Maisonette | £87,500 | 30 Oct 2025 |
FLAT 321, THE EXCHANGE, 5, LEE STREET LE1 3AJ | Flat/Maisonette | £66,384 | 29 Oct 2025 |
49 - 51, BELGRAVE GATE LE1 3HR | Other | £550,000 | 27 Oct 2025 |
FLAT 20, ARIA APARTMENTS, 42, CHATHAM STREET LE1 6AY | Flat/Maisonette | £115,000 | 24 Oct 2025 |
The most recent recorded sale in LE1 was a flat/maisonette property on Colton Square for £117,000 in January 2026. Across the last 20 sales, the median price was £118,500.