Market outlook for LS5
Key indicators for buyers
The LS5 market is moderately favourable for buyers. Prices are rising at 47.3%, which may favour acting sooner rather than later. Affordability has improved from a peak of 7.2x in 2021 to 6.5x today. Rising rents (£1,126/mo, +2.8%) mean the cost of waiting is real.
Price trends
Yearly averages · HM Land Registry Price Paid Data
Prices by property type
2026averages · HM Land Registry Price Paid Data
Affordability ratio
House price ÷ median earnings · ONS data
Affordability data shown for wider Leeds area
A home in Leeds costs 6.5x the local median salary — moderate, improving from a peak of 7.2x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Rental data shown for wider Leeds area
Average monthly rent in Leeds is £1,126, up 2.8% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Leeds price of £342,750 with a 25% deposit (£86k), a 2-year fixed mortgage at 3.97% costs around £1,353 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Uses LS5 avg. price with Leeds rental data
Monthly mortgage payments (£1,353) are £227 more than renting (£1,126). However, buying requires an upfront deposit of £86k — it would take around 12 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
2, VESPER RISE LS5 3NJ | Semi-detached | £423,000 | 20 Jan 2026 |
46, LANCASTRE AVENUE LS5 3EA | Semi-detached | £262,500 | 9 Jan 2026 |
47, KIRKSTALL MOUNT LS5 3DP | Semi-detached | £245,000 | 19 Dec 2025 |
16, HAWKSWOOD GROVE LS5 3PF | Semi-detached | £258,600 | 19 Dec 2025 |
25, ABBEYDALE OVAL LS5 3RF | Detached | £209,000 | 19 Dec 2025 |
49, VESPER WALK LS5 3NQ | Semi-detached | £307,000 | 17 Dec 2025 |
130, VESPER ROAD LS5 3LL | Semi-detached | £255,000 |
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.