Property Data OutlookLeicester
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Leicester
Key indicators for buyers
The Leicester market looks 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.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Leicester costs 7.2x the local median salary — moderate, improving from a peak of 7.7x in 2022.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Leicester is £1,024, up 4.9% 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 Leicester price of £230,992 with a 25% deposit (£58k), a 2-year fixed mortgage at 3.97% costs around £912 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£912) are £112 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.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
58, BLACKBIRD ROAD LE4 0FW | Semi-detached | £390,000 | 26 Jan 2026 |
2, RED HOUSE CLOSE LE2 9LX | Terraced | £150,000 | 26 Jan 2026 |
26, HOLLYBUSH CLOSE LE5 2HZ | Terraced | £246,500 | 23 Jan 2026 |
91, ABBEY PARK ROAD LE4 5AP | Terraced | £290,000 | 23 Jan 2026 |
25, LAVENDER ROAD LE3 1AL | Terraced | £191,000 | 23 Jan 2026 |
33, VERNON STREET LE3 5JQ | Terraced | £142,500 | 23 Jan 2026 |
48, PARK RISE LE3 6SH | Semi-detached | £232,500 |
Explore postcodes in Leicester
6postcode districts · Click for detailed prices
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.