Key indicators for buyers
The LE3 market is moderately favourable for buyers. Prices have softened (-7.0%), 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 £230,759 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £911 per month.
Monthly cost comparison based on current data
Uses LE3 avg. price with Leicester rental data
Monthly mortgage payments (£911) are £113 less than renting (£1,024). However, buying requires an upfront deposit of £58k — it would take around 7 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
25, STRATFORD ROAD LE3 2SW | Semi-detached | £232,500 | 28 Jan 2026 |
23, BORDER CLOSE, GLENFIELD LE3 8JP | Semi-detached | £230,500 | 23 Jan 2026 |
25, LAVENDER ROAD LE3 1AL | Terraced | £191,000 | 23 Jan 2026 |
48, PARK RISE LE3 6SH | Semi-detached | £232,500 | 23 Jan 2026 |
33, VERNON STREET LE3 5JQ | Terraced | £142,500 | 23 Jan 2026 |
420, BRAUNSTONE LANE LE3 3DF | Semi-detached | £290,000 | 21 Jan 2026 |
17, BLACKTHORN ROAD, GLENFIELD LE3 8QP | Semi-detached |
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 LE3 sold for £230,759 in 2026, with a median of £220,000 across 29 transactions. Prices fell 7.0% compared to the previous year.
| £180,000 |
| 19 Jan 2026 |
11, BRANTING HILL AVENUE, GLENFIELD LE3 8GD | Terraced | £220,000 | 16 Jan 2026 |
42, POOL ROAD LE3 9GD | Terraced | £180,000 | 16 Jan 2026 |
30, DUNSTER STREET LE3 0SD | Terraced | £155,000 | 16 Jan 2026 |
198, FOSSE ROAD SOUTH LE3 0FS | Terraced | £195,000 | 15 Jan 2026 |
10, CULVER ROAD LE3 9BH | Terraced | £255,000 | 15 Jan 2026 |
67, BLISSETT ROAD LE3 9HR | Semi-detached | £160,000 | 15 Jan 2026 |
8, MANOR GARDENS, GLENFIELD LE3 8FN | Semi-detached | £215,000 | 13 Jan 2026 |
105, HARROW ROAD LE3 0JY | Terraced | £173,000 | 13 Jan 2026 |
33, TYSOE HILL, GLENFIELD LE3 8AR | Detached | £350,000 | 13 Jan 2026 |
99, AIKMAN AVENUE LE3 9JG | Semi-detached | £220,000 | 12 Jan 2026 |
66, PACKER AVENUE, LEICESTER FOREST EAST LE3 3QG | Semi-detached | £275,000 | 12 Jan 2026 |
186, BRAUNSTONE LANE LE3 2RW | Semi-detached | £238,000 | 12 Jan 2026 |
48, SALCOMBE DRIVE, GLENFIELD LE3 8AF | Detached | £350,000 | 9 Jan 2026 |
The most recent recorded sale in LE3 was a semi-detached property on Stratford Road for £232,500 in January 2026. Across the last 20 sales, the median price was £220,000.