# LE5 1PS Area Summary
The LE5 1PS postcode falls within the Belgrave and Rushey Mead area of Leicester, situated approximately 2 miles northeast of the city centre. This established residential district is characterised by a diverse housing stock, predominantly consisting of terraced properties and some semi-detached homes dating from the Victorian and Edwardian periods, alongside mid-20th century developments. The area benefits from good transport links into Leicester city centre and is well-served by local amenities along Belgrave Road, known for its vibrant multicultural community and renowned Golden Mile shopping district.
With 80 properties analysed and an average price of £122,118, this postcode represents an accessible entry point into the Leicester property market, sitting well below the current UK average. These values typically reflect the area's traditional housing stock and appeal to first-time buyers, investors seeking rental opportunities, and families looking for affordable housing within reach of the city's employment hubs. The price point suggests a market segment dominated by smaller terraced houses and potentially some conversion flats.
Belgrave's notable characteristics include its strong community identity, excellent public transport connections via Belgrave Road, and proximity to both Leicester city centre and Abbey Park. The area has historically attracted buyers seeking value for money in an established neighbourhood with good local facilities, schools, and places of worship serving diverse communities.
The average house price in LE5 1PS, Leicester is £122,118. Prices range from £33,562 to £260,000.
There are 80 properties in LE5 1PS, Leicester.
LE5 1PS contains 59 flat / maisonette properties, 12 semi-detached properties, 8 terraced properties, 1 detached properties.
Average house prices in LE5 1PS have risen by 20.8% from £116,754 in 2005 to £141,083 in 2024.
LE5 1PS is located in Leicester, Leicester, England.