LE3Leicester

Leicester City & Clarendon Park

Leicester City & Clarendon Park investment guide. Average gross yield 5.0%, balanced market rental demand.

5.0%avg gross yield

£233kavg sold price (1083 sales, 12mo)

Balanced marketrental demand

Article 4: Yes· Leicester City Council HMO Article 4 Direction 2021

Last updated May 2026

Average Gross Yield

5.0%

+1.2% vs Leicester avg (3.8%)

Average Asking Price

£233,373

high confidence (1083 sales)

Est. Monthly Rent

£989

2-bed · 3-bed £1,164 · 6.4% yield

Price Per Sq Ft

£256

City avg £299/sqft · 43 below average

Estimated Rent by Bedroom Count

Average asking rent and gross yield per bedroom count in LE3

1-bed

£753

per month

4.6% yield

2-bed

£989

per month

6.4% yield

3-bed

£1,164

per month

5.6% yield

4-bed

£1,497

per month

5.9% yield

Ownership mix

LE3 vs UK average · 55,271 dwellings · Source: ONS Census 2021

Landlord-heavy: 28% privately rented (btl) (8pp higher than the UK average of 20%).

Owned outrightNo mortgage on the property

26.4%(UK 32.9%)

-6.5pp vs UK

Owned with mortgageIncluding shared ownership

26.8%(UK 29.7%)

-2.9pp vs UK

Privately rented (BTL)Private landlord or letting agent

28.2%(UK 20.3%)

+7.9pp vs UK

Socially rentedCouncil or housing association

18.6%(UK 17.1%)

+1.5pp vs UK

Black tick = UK average. ONS Census 2021, TS054 (Tenure of household).

Yield by Property Type

Gross yield breakdown across property types in LE3

PropertyData.co.uk

Type	Gross Yield	Avg Price	Avg Rent/mo
Terraced →	7.2%	£180,243	£1,083
Semi-detached →	5.3%	£257,143	£1,139
Detached →	4.1%	£336,500	£1,155
Flat →	8.9%	£123,245	£915

Explore by strategy

Live data for each property type across Leicester.

HMO Terraced Semi-detached Detached Flats Student lets New build Strategy primers →

About Leicester City & Clarendon Park (LE3, Leicester)

LE3 attracts property investors seeking solid yields in an established residential area with strong fundamentals. The 5.0% gross yield, combined with accessible entry prices averaging £233,373, offers reasonable cash-on-cash returns across the portfolio.

The tenant mix spans young professionals and families, with balanced rental demand across all property sizes. Two-bedroom properties show the strongest yields at 6.4%, making them particularly attractive for buy-to-let investors seeking optimal rental income relative to purchase price.

Investors should monitor the competitive rental market, particularly in the 1-bedroom segment where yields are lower at 4.6%, and ensure thorough tenant vetting given the balanced (rather than high-demand) market conditions. Property-specific location within LE3 and local amenities will significantly influence actual yields and tenant quality.

Sold Price Trend - LE3

Average sold price, last 8 quarters

-18.5% over 2 years

Flip Activity - LE3

Same property bought and sold within 18 months, last 24 months

→ vs prior 24 months

Flips

last 24 months

Median uplift*

+41.7%

after HPI adjust

Median hold

11 mo

Flip rate

0.4%

of all sales

Recent case studies

frolesworth road

Semi

Bought Mar 25

£158k

Sold Feb 26

£245k

12 mo+55.1%

new fields avenue

Semi

Bought Mar 25

£157k

Sold Jan 26

£230k

11 mo+45.5%*

Gross 46.6%

minehead street

Semi

Bought Dec 24

£177k

Sold Dec 25

£234k

12 mo+32.5%*

pinfold

Semi

Bought Dec 24

£175k

Sold Nov 25

£255k

11 mo+41.5%*

Gross 45.7%

luther street

Terraced

Bought Feb 25

£126k

Sold Nov 25

£168k

9 mo+30.9%*

Gross 33.3%

kings drive

Semi

Bought Feb 24

£145k

Sold Dec 24

£265k

10 mo+82.8%*

* Real uplift after ONS regional House Price Index adjustment. Freehold and leasehold included; leasehold flips flagged as lease-extension status is not verifiable from public data. Source: HM Land Registry Price Paid Data.

Planning & Licensing - LE3

Restrictions that affect HMO and buy-to-let investors in this postcode district

Article 4 Direction (HMO)In effect

HMO conversions in this LPA require planning approval under:

Houses in Multiple Occupation - 2013
Leicester City Council HMO Article 4 Direction 2021

+ 371 other Article 4 directions in Leicester (conservation areas, change-of-use, demolition control). Not HMO-related.

✓

Selective LicensingNot in effect

✓

Additional HMO LicensingNot in effect

Article 4 directions cover parts of Leicester. The exact street-level coverage varies — confirm with the council before exchanging.

Planning information is for guidance only. Always verify with the local planning authority before purchasing. Data correct as of April 2026.

Nearby Postcodes

Adjacent areas with comparable investment profiles

LE24.2%

Central Leicester & Belgrave

Leicester

View area guide

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