LE3, Leicester house prices & rental yield

Postcode district in Leicester, part of the LE postcode area

Near a university · 2.8km from De Montfort University

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Looking for a property valuation in LE3? The average asking price above is a guide for the area as a whole, not a valuation of your specific property — a local estate agent or RICS surveyor can give you an accurate figure for that.

Average asking price
£260k
UK avg £340k
Average rent (pcm)
£960
UK avg £1,275
Gross rental yield
4.4%
2% below UK avg
Net yield (estimated)
3.3%
assumes ~25% costs, excl. mortgage
Crimes reported (2026-08)
375
264% above UK avg
Short-term let activity (Leicester)
#153 of 318

Summary

LE3 has a gross rental yield of 4.4%, 2% below the UK average, ranking #6 of 20 LE postcode districts by yield.

Gross yield trend

+0.0pp since Jul
Jul: 5.8% 5.8% Jul Aug: 5.6% 5.6% Aug Sep: 5.7% 5.7% Sep Oct: 5.8% 5.8% Oct

Buy-to-let calculator

Stamp Duty (SDLT)—
Deposit required—
Mortgage payment (monthly)—
Letting agent fee (monthly)—
Est. net monthly cashflow—

Estimate only, for England/Northern Ireland SDLT rates. Assumes an interest-only mortgage and doesn't account for insurance, maintenance, voids, or other running costs. Not financial advice.

LE3 by bedroom count

BedroomsAvg buyAvg rentYieldSampled
Studio £228k £698 — 2 / 14
1 £105k £625 7.1% 12 / 83
2 £180k £995 6.6% 135 / 67
3 £260k £1,218 5.6% 244 / 54
4 £375k £1,440 4.6% 98 / 34
5+ £450k £2,058 5.5% 34 / 15

Nearby LE postcode districts, by yield

DistrictAvg buyAvg rentYield
LE1 £115k £825 8.6% Compare
LE19 £290k £1,338 5.5% Compare
LE5 £300k £1,150 4.6% Compare
LE10 £265k £995 4.5% Compare
LE4 £280k £1,038 4.4% Compare
LE18 £270k £975 4.3% Compare
LE11 £260k £900 4.2% Compare
LE9 £290k £962 4.0% Compare
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