Average Rent, House Prices and Buy-to-Let Yield in Oadby and Wigston (July 2026)
The average private rent in Oadby and Wigston is £1,025 a month (ONS, July 2026) and the average house price £259,734 (HM Land Registry, June 2026): a gross yield of 4.7%, ranked 111 of 316 local authorities.
Rent in Oadby and Wigston
The average private rent across all property types is £1,025 a month (+4.1% on a year earlier). The regional median in the East Midlands is £857.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £734 | £8,808 a year |
| 2 bedrooms | £890 | £10,680 a year |
| 3 bedrooms | £1,123 | £13,476 a year |
| 4+ bedrooms | £1,563 | £18,756 a year |
The bedroom ladder in Oadby and Wigston: one to two bedrooms adds 21.3% to the rent, two to three adds 26.2% and three to four-plus adds 39.2% (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 Oadby and Wigston
The average price paid is £259,734 (-1.7% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £407,844 |
| Semi-detached | £259,188 |
| Terraced | £189,268 |
| Flat | £112,436 |
Rents are outrunning prices in Oadby and Wigston. Rents moved +4.1% over the year against −1.7% for prices — a gap of 5.8 points that lifts the gross yield a buyer sees today. Oadby and Wigston ranks 148th of 316 local authorities for rent growth and 287th of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Oadby and Wigston
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £890 | £112,436 | 9.5% | 7.5% |
| Terraced house | £1,123 | £189,268 | 7.1% | 5.7% |
| Semi-detached | £1,123 | £259,188 | 5.2% | 4.6% |
| Detached | £1,563 | £407,844 | 4.6% | 4.1% |
On these pairings the strongest gross yield in Oadby and Wigston is on flats at 9.5%, 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 4.7% (rent × 12 ÷ price) — rank 111 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 £30,750 a year for the average rent.
- EPC before 2030: 44% of EPCs lodged in Oadby and Wigston over the last year were below band C — the level a rented home needs by 1 October 2030 — with 40% at D (EPC ratings in Oadby and Wigston).
- Council tax: Band D in Oadby and Wigston is £2,407 for 2026/27, and the council charges a 100% second-home premium (council tax in Oadby and Wigston).
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 £1,025 supports a loan of about £154,232, which is 59.4% 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 Oadby and Wigston
- Yield calculator with £259,734 and £1,025 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £1,025 a month
- Rental income tax on £12,300 a year of rent
Nearest neighbours by yield, in the East Midlands
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Derby | £857 | £204,016 | 5% | +2.4% |
| Ashfield | £793 | £190,024 | 5% | +5% |
| Mansfield | £788 | £192,359 | 4.9% | +4% |
| North Northamptonshire | £988 | £256,610 | 4.6% | +5.5% |
| Erewash | £834 | £217,901 | 4.6% | +2.1% |
| Chesterfield | £754 | £199,439 | 4.5% | +2.4% |
All 316 areas ranked · council tax in Oadby and Wigston · EPC ratings in Oadby and Wigston.
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
£1,025 a month across all property types (ONS Price Index of Private Rents, July 2026), up 4.1% on a year earlier.
£259,734 (HM Land Registry UK House Price Index, June 2026).
About 4.7% gross on the averages — £1,025 rent against a £259,734 price — ranking 111 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 9.5% gross (£890 rent on a £112,436 price), against an England-and-Wales median of 7.5% for that type.
Rents +4.1% against prices −1.7% over the year — rents ahead, so yield is rising for a buyer today.
Referencing at 30 times the monthly rent points to roughly £30,750 a year of household income for the average home; the affordability calculator shows 24× and 36× too.
Postcode districts in Oadby and Wigston
Council tax bands, sold prices and build periods for each district — all LE postcodes.