Average Rent, House Prices and Buy-to-Let Yield in North West Leicestershire (July 2026)
The average private rent in North West Leicestershire is £910 a month (ONS, July 2026) and the average house price £282,239 (HM Land Registry, June 2026): a gross yield of 3.9%, ranked 256 of 316 local authorities.
Rent in North West Leicestershire
The average private rent across all property types is £910 a month (+9.7% on a year earlier). The regional median in the East Midlands is £857.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £631 | £7,572 a year |
| 2 bedrooms | £816 | £9,792 a year |
| 3 bedrooms | £987 | £11,844 a year |
| 4+ bedrooms | £1,413 | £16,956 a year |
The bedroom ladder in North West Leicestershire: one to two bedrooms adds 29.3% to the rent, two to three adds 21% and three to four-plus adds 43.2% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in North West Leicestershire
The average price paid is £282,239 (+6.5% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £390,100 |
| Semi-detached | £244,540 |
| Terraced | £193,884 |
| Flat | £135,770 |
Rents are outrunning prices in North West Leicestershire. Rents moved +9.7% over the year against +6.5% for prices — a gap of 3.2 points that lifts the gross yield a buyer sees today. North West Leicestershire ranks 11th of 316 local authorities for rent growth and 41st of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in North West Leicestershire
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £816 | £135,770 | 7.2% | 7.5% |
| Terraced house | £987 | £193,884 | 6.1% | 5.7% |
| Semi-detached | £987 | £244,540 | 4.8% | 4.6% |
| Detached | £1,413 | £390,100 | 4.3% | 4.1% |
On these pairings the strongest gross yield in North West Leicestershire is on flats at 7.2%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 3.9% (rent × 12 ÷ price) — rank 256 of 316 local authorities; the regional median is 4.2%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £27,300 a year for the average rent.
- EPC before 2030: 46% of EPCs lodged in North West Leicestershire over the last year were below band C — the level a rented home needs by 1 October 2030 — with 38% at D (EPC ratings in North West Leicestershire).
- Council tax: Band D in North West Leicestershire is £2,418 for 2026/27 (council tax in North West Leicestershire).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £910 supports a loan of about £136,928, which is 48.5% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for North West Leicestershire
- Yield calculator with £282,239 and £910 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £910 a month
- Rental income tax on £10,920 a year of rent
Nearest neighbours by yield, in the East Midlands
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| South Holland | £768 | £231,036 | 4% | +3.7% |
| South Kesteven | £843 | £255,363 | 4% | +0.8% |
| East Lindsey | £699 | £216,315 | 3.9% | +6.5% |
| Rutland | £962 | £299,980 | 3.8% | +2.1% |
| North East Derbyshire | £787 | £250,387 | 3.8% | +3.8% |
| Rushcliffe | £1,041 | £331,451 | 3.8% | +2.7% |
All 316 areas ranked · council tax in North West Leicestershire · EPC ratings in North West Leicestershire.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£910 a month across all property types (ONS Price Index of Private Rents, July 2026), up 9.7% on a year earlier.
£282,239 (HM Land Registry UK House Price Index, June 2026).
About 3.9% gross on the averages — £910 rent against a £282,239 price — ranking 256 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 7.2% gross (£816 rent on a £135,770 price), against an England-and-Wales median of 7.5% for that type.
Rents +9.7% against prices +6.5% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £27,300 a year of household income for the average home; the affordability calculator shows 24× and 36× too.
Postcode districts in North West Leicestershire
Council tax bands, sold prices and build periods for each district — all DE postcodes · all LE postcodes.