Key indicators for buyers
The LE5 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 £273,285 with a 25% deposit (£68k), a 2-year fixed mortgage at 3.97% costs around £1,078 per month.
Monthly cost comparison based on current data
Uses LE5 avg. price with Leicester rental data
Monthly mortgage payments (£1,078) are £54 more than renting (£1,024). However, buying requires an upfront deposit of £68k — 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 |
|---|---|---|---|
26, HOLLYBUSH CLOSE LE5 2HZ | Terraced | £246,500 | 23 Jan 2026 |
2, SHAROW ROAD, HAMILTON LE5 1BE | Detached | £310,000 | 23 Jan 2026 |
48, HACKNESS ROAD, HAMILTON LE5 1EX | Detached | £370,000 | 23 Jan 2026 |
16, GOODWOOD CRESCENT LE5 6TF | Semi-detached | £175,000 | 13 Jan 2026 |
12, SWINSTEAD ROAD LE5 6JJ | Detached | £415,000 | 9 Jan 2026 |
109, COLCHESTER ROAD LE5 2DJ | Semi-detached | £282,000 | 9 Jan 2026 |
63, OAKSIDE CRESCENT LE5 6SL | 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 LE5 sold for £273,285 in 2026, with a median of £282,000 across 9 transactions. Prices fell 0.6% compared to the previous year.
| £315,000 |
| 9 Jan 2026 |
42, LITELMEDE LE5 0PB | Semi-detached | £106,064 | 8 Jan 2026 |
62, DRONFIELD STREET LE5 5AT | Terraced | £240,000 | 8 Jan 2026 |
20, THE CIRCLE LE5 5GB | Semi-detached | £135,000 | 22 Dec 2025 |
35, THURLBY ROAD LE5 3PE | Terraced | £193,000 | 22 Dec 2025 |
7, THURNCOURT ROAD LE5 2NN | Semi-detached | £148,000 | 19 Dec 2025 |
16, DAKYN ROAD LE5 2ED | Semi-detached | £240,000 | 19 Dec 2025 |
51, TELFORD WAY, THURNBY LE5 2LX | Terraced | £170,000 | 19 Dec 2025 |
34, CHESTERFIELD ROAD LE5 5LF | Semi-detached | £160,000 | 19 Dec 2025 |
34, RADIANT ROAD LE5 2HR | Detached | £302,500 | 19 Dec 2025 |
9, BUCKFAST CLOSE LE5 5NP | Flat/Maisonette | £143,000 | 19 Dec 2025 |
9, STAMBOURNE ROAD LE5 0TY | Semi-detached | £346,000 | 19 Dec 2025 |
FLAT C, 364, HUMBERSTONE ROAD LE5 0SA | Flat/Maisonette | £86,900 | 19 Dec 2025 |
25, LYNMOUTH ROAD LE5 1NB | Semi-detached | £355,000 | 19 Dec 2025 |
The most recent recorded sale in LE5 was a terraced property on Hollybush Close for £246,500 in January 2026. Across the last 20 sales, the median price was £240,000.