Key indicators for buyers
The LE87 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
The average property in LE87 sold for £5,000,000 in 2024, with a median of £5,000,000 across 1 transactions.
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 £5,000,000 with a 25% deposit (£1.3M), a 2-year fixed mortgage at 3.97% costs around £19,732 per month.
Monthly cost comparison based on current data
Uses LE87 avg. price with Leicester rental data
Monthly mortgage payments (£19,732) are £18,708 more than renting (£1,024). However, buying requires an upfront deposit of £1.3M — it would take around 104167 years to recoup that cost compared to renting and investing the difference.
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
BARCLAYS BANK PLC LE87 2BB | Other | £5,000,000 | 19 Sept 2024 |
The most recent recorded sale in LE87 was a other property for £5,000,000 in September 2024. Across the last 1 sales, the median price was £5,000,000.
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.