Key indicators for buyers
The LE4 market is moderately favourable for buyers. 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 £275,763 with a 25% deposit (£69k), a 2-year fixed mortgage at 3.97% costs around £1,088 per month.
Monthly cost comparison based on current data
Uses LE4 avg. price with Leicester rental data
Monthly mortgage payments (£1,088) are £64 more than renting (£1,024). However, buying requires an upfront deposit of £69k — it would take around 10 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
58, BLACKBIRD ROAD LE4 0FW | Semi-detached | £390,000 | 26 Jan 2026 |
91, ABBEY PARK ROAD LE4 5AP | Terraced | £290,000 | 23 Jan 2026 |
30, CHURCH STREET, THURMASTON LE4 8DP | Semi-detached | £267,000 | 23 Jan 2026 |
91, BLACKTHORN DRIVE LE4 1BJ | Terraced | £210,000 | 21 Jan 2026 |
85, MARSTON ROAD LE4 9FF | Detached | £340,000 | 16 Jan 2026 |
50, COTLEY ROAD LE4 2LH | Terraced | £237,000 | 16 Jan 2026 |
8, METHUEN AVENUE, THURMASTON LE4 8FS | 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 LE4 sold for £275,763 in 2026, with a median of £283,000 across 19 transactions. Prices fell 1.7% compared to the previous year.
| £283,000 |
| 16 Jan 2026 |
93, ABBEY PARK ROAD LE4 5AP | Semi-detached | £290,000 | 14 Jan 2026 |
22, CAMERON AVENUE LE4 7QL | Terraced | £320,000 | 9 Jan 2026 |
55, HELENA CRESCENT LE4 2HB | Semi-detached | £206,500 | 9 Jan 2026 |
32, BLACKTHORN DRIVE LE4 1BH | Terraced | £220,000 | 9 Jan 2026 |
149, ANSTEY LANE LE4 0FG | Detached | £280,000 | 8 Jan 2026 |
80, BURNHAM DRIVE LE4 0HP | Semi-detached | £338,000 | 8 Jan 2026 |
6, HARTSHORN CLOSE, THURMASTON LE4 8LL | Semi-detached | £210,000 | 8 Jan 2026 |
1, TAMAR ROAD LE4 9FQ | Detached | £340,000 | 8 Jan 2026 |
34, HEATHGATE CLOSE, BIRSTALL LE4 3GU | Semi-detached | £320,000 | 8 Jan 2026 |
122, HARROWGATE DRIVE, BIRSTALL LE4 3GP | Semi-detached | £318,000 | 7 Jan 2026 |
8, HOLDERNESS ROAD LE4 2LP | Terraced | £160,000 | 6 Jan 2026 |
17, FLAX ROAD LE4 6QE | Terraced | £220,000 | 5 Jan 2026 |
17, THE CROSSWAYS, BIRSTALL LE4 4ED | Semi-detached | £305,000 | 22 Dec 2025 |
The most recent recorded sale in LE4 was a semi-detached property on Blackbird Road for £390,000 in January 2026. Across the last 20 sales, the median price was £290,000.