# LE5 1PQ Area Summary
The LE5 1PQ postcode falls within the Belgrave and Rushey Mead area of Leicester, located approximately 2 miles northeast of the city centre. This diverse, predominantly residential area is characterised by Victorian and Edwardian terraced housing, alongside post-war developments. With 85 properties analysed and an average price of £141,019, this postcode represents excellent value compared to both Leicester's overall average and the national median, making it particularly attractive to first-time buyers and property investors seeking affordable entry points into the Leicester market.
The area benefits from strong community ties, with Belgrave Road serving as a vibrant cultural hub known for its South Asian heritage, independent shops, restaurants, and the famous Belgrave Diwali celebrations. Transport links are solid, with regular bus services into Leicester city centre and reasonable access to the A6. Local amenities include several primary schools, parks such as Rushey Fields, and convenient shopping facilities. The sub-£150,000 average price point reflects the area's status as an established, working-class neighbourhood with ongoing regeneration potential.
For investors and homebuyers, LE5 1PQ offers accessible property prices with rental demand supported by Leicester's universities and the city's employment sectors. The area appeals to those prioritising affordability and community character over premium locations, though buyers should conduct thorough due diligence on individual properties given the age of much of the housing stock.
The average house price in LE5 1PQ, Leicester is £141,019. Prices range from £32,125 to £334,950.
There are 85 properties in LE5 1PQ, Leicester.
LE5 1PQ contains 32 terraced properties, 25 flat / maisonette properties, 23 semi-detached properties, 5 detached properties.
Average house prices in LE5 1PQ have risen by 41.3% from £106,188 in 2005 to £150,000 in 2024.
LE5 1PQ is located in Leicester, Leicester, England.