Analysis of recent property sales -- official HM Land Registry data
The average house price in LE16 (LE16 2BY) is £398,925, based on 385 transactions recorded by HM Land Registry. The median price is £330,000, giving a price range from £49,000 to £3,600,000.
| Date | Price | Type | Area |
|---|---|---|---|
| 2026-01-23 | £640,000 | D | 147.0 m² |
| 2026-01-21 | £290,000 | S | 89.0 m² |
| 2026-01-21 | £205,000 | T | 73.0 m² |
| 2026-01-09 | £310,000 | D | 118.0 m² |
| 2026-01-09 | £490,000 | D | 61.0 m² |
Standard residential rates for primary residence. Does not include surcharges for additional properties or non-UK residents.
Market Overview: LE16
With 385 recorded transactions in twelve months, LE16 is one of the more liquid postcodes in the sample — individual outliers have less pull on the median figure than they would elsewhere. Individual sales ranged from £49k to £3.60m, which is a normal spread for a postcode of this size.
No single property type dominates — detached houses led with 43% but the mix is diverse, while semi-detached houses accounted for 25% and terraced houses accounted for 21%.
The twelve-month trend is softer than it was: the median in the second half of the window was 3.7% below the first-half median. Monthly volume was fairly consistent, giving the trend line a reliable shape.
Liquidity in LE16 2BY is healthy: the high sale count makes it easier to benchmark a specific property against genuinely recent comparables rather than extrapolating from older deals. On the rental side, the estimated gross yield on a median-priced property here is around 3.3%, based on ONS regional rents.