LE16 7GW is a residential postcode situated on Cherry Tree Drive, Market Harborough, LE16 with 8 addresses.
It ranks as the 278th largest and 616th most expensive of the 975 postcodes in the LE16 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 8 properties: 8 houses.
LE16 7GW is a residential postcode situated on Cherry Tree Drive, Market Harborough, LE16 with 8 addresses.
It ranks as the 278th largest and 616th most expensive of the 975 postcodes in the LE16 area. The dominant property type is a modern house built after 1980.
The postcode contains a total of 8 properties: 8 houses.
Sale prices range from £343,676 for 3 bedroom freehold houses with a garden (818 ft2) to £720,853 for 5 bedroom freehold houses with a garden (2,658 ft2) .
Monthly rental prices range from £1,386 pcm for 3 bed houses to £2,304 pcm for 5 bed houses.
The gross rental yield is between 3.7% and 4.8%.
The average value per square foot is £359.
The last sale in LE16 7GW sold for £560,000 on 27th February 2026. Since then prices are down an average of 1.1%.
The current average value in the postcode is £462,423.
The LE16 7GW Sales Market has increased by 31.3% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | -0.8% | £462,423 |
| April 2025 | 0% | £466,230 |
| April 2024 | -0.1% | £466,417 |
| April 2023 | 4.6% | £466,832 |
| April 2022 | 6.4% | £446,395 |
| April 2021 | 7.7% | £419,382 |
| April 2020 | -1.9% | £389,367 |
| April 2019 | 1.2% | £396,899 |
| April 2018 | 5.5% | £392,061 |
| April 2017 | 5.6% | £371,722 |
| April 2016 | 7.6% | £352,084 |
| April 2015 | 9.4% | £327,268 |
| April 2014 | 7.2% | £299,179 |
| April 2013 | 5.6% | £279,208 |
| April 2012 | 3% | £264,405 |
| April 2011 | -2.1% | £256,827 |
| April 2010 | 5.1% | £262,392 |
| April 2009 | -12.8% | £249,714 |
| April 2008 | -1% | £286,426 |
| April 2007 | 0% | £289,245 |
The current average rental value in the postcode is £1,652.
The LE16 7GW Rental Market has increased by 48.4% over the last 10 years.
| Period | Year on Year | Average Price |
|---|---|---|
| April 2026 | 0.3% | £1,652pcm |
| April 2025 | 5.9% | £1,647pcm |
| April 2024 | 6.4% | £1,556pcm |
| April 2023 | 6.9% | £1,462pcm |
| April 2022 | 7% | £1,367pcm |
| April 2021 | 5.7% | £1,277pcm |
| April 2020 | 0.5% | £1,209pcm |
| April 2019 | 2.9% | £1,202pcm |
| April 2018 | 2.8% | £1,168pcm |
| April 2017 | 2.1% | £1,136pcm |
| April 2016 | 5.7% | £1,113pcm |
| April 2015 | 4.5% | £1,053pcm |
| April 2014 | 2.3% | £1,008pcm |
| April 2013 | 4.4% | £986pcm |
| April 2012 | 2.6% | £944pcm |
| April 2011 | 0.7% | £920pcm |
| April 2010 | 2.3% | £914pcm |
| April 2009 | -4.8% | £893pcm |
| April 2008 | 5.5% | £938pcm |
| April 2007 | 0% | £889pcm |
The last sale was on 27th February 2026 for £560,000 and since then the market in the area has decreased by 1.1%. The postcode has had a total of 9 sales since 1995.
LE16 7GW has seen 1 sale in the last three years and 1 sale in the last twelve months.
LE16 7GW is the 278th largest and the 616th most expensive postcode out of the 975 postcodes in the LE16 area.
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The closest station to LE16 7GW is Market Harborough station which is 1.8 kilometres away.
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The recent census recorded whether a resident owned or rented their home.
In the area around LE16 7GW, 45.8% of property is privately owned outright and 38.1% is privately owned with a mortgage.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around LE16 7GW, 25.6% of residents are recorded as possessing school level qualifications and 52.2% as possessing degree level qualifications.
The graph below shows how this compares to East Midlands and the rest of England & Wales.
The most recent census in 2021 recorded the age of all UK residents.
In the area around LE16 7GW, the average age was 43.4 and the most common age was 52.
The graph below shows how this compares to East Midlands and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around LE16 7GW, 0.0% of property was a second home.
Comparison figures for East Midlands and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around LE16 7GW, there are an average of 1.8 cars per household.
See below for how this compares to East Midlands and the rest of England & Wales.