Residential dwellings
47,473
Addressable residential units in the area (OS AddressBase).
LE3 rents and yields
Asking rent £1,044/month · Gross yield 4.7% · 12 months, listings to Sep 2026
What is LE3?
LE3: residential dwellings 47,473.
HMO-shaped dwellings
0.5%
LE3 ranks 2nd of 3 neighbouring postcode districts for HMO-shaped dwellings.
Share of dwellings OS AddressBase classifies RH01/RH02/RH03: laid out as a house in multiple occupation. A statement about built form, not about a licence.
- Buildings
- 40,647
- Mixed-use buildings
- 1.5%
- HMO-shaped units
- 47%
- EPC A or B
- 7.1%
- EPC D or worse
- 62%
What does LE3 earn?
LE3: asking rent £1,044/month (12 months to Sep 2026, 1,893 lets).
Asking rent
£1,044/month 12 months to Sep 2026
1,893 lets
Median asking rent per calendar month of residential lettings in the month, from portal listings. Asking, not achieved. 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 1,893 lets.
Gross yield, asking basis
4.7% 12 months to Sep 2026
3,020 lets
-1.7% on the previous 12 months.
Cell asking rent × 12 over the same cell's asking sale price, before costs, voids and finance (cells with fewer than 5 dated listings are not built). 12-month figure: the monthly medians weighted by their sample, 12 months to Sep 2026, 3,020 lets.
Sample is the dated lettings behind the latest month's rent cell.
Homes to rent
799 on 6 Nov 2026
Count of live residential lettings on the day, from portal listings; observed forwards from 5 Sep 2026. The count on 6 Nov 2026; the daily series began on 5 Sep 2026, so no change over a year is stated.
How does LE3 vary by home size?
Asking rent in LE3 runs from £726/month for 1 bedroom to £1,810/month for 5+ bedrooms.
| Homes | Asking rent | Window | Change | Listings |
|---|---|---|---|---|
| 1 bedroom | £726/month | 12 months to Sep 2026 | +2.2% on the previous 12 months | 1043 |
| 2 bedrooms | £1,025/month | 12 months to Sep 2026 | -3.1% on the previous 12 months | 884 |
| 3 bedrooms | £1,193/month | 12 months to Sep 2026 | +1.7% on the previous 12 months | 582 |
| 4 bedrooms | £1,418/month | 12 months to Sep 2026 | -0.3% on the previous 12 months | 257 |
| 5+ bedrooms | £1,810/month | 12 months to Sep 2026 | — | 147 |
Asking rent per calendar month by bedroom band: the monthly medians of lettings that came to market, weighted by their dated listings, within the last 12 calendar months, from portal listings. A band with fewer than 30 dated listings in the year is not published.
Who owns LE3?
Corporate landlords hold 75% of the 2,715 units in LE3 whose freeholder is classified; 95% of all units are not yet classified.
- Corporate landlords75% of classified · 2,048 units
- Individuals (not traceable in bulk)14% of classified · 375 units
- Housing associations10% of classified · 277 units
- RMC0.6% of classified · 15 units
Freeholder class per addressable unit, from HM Land Registry CCOD/OCOD matched to the title and Companies House. Individuals are counted, never itemised.
Where does LE3 rank?
LE3 ranks 2nd of 3 postcode districts in City of Leicester for asking rent, at £1,044/month.
Asking rent · postcode districts in City of Leicester
LE3 ranks 2nd of 3 postcode districts in City of Leicester for asking rent, at £1,044/month.
| # | Area | Asking rent | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | LE5 | £1,098/month | 12 months to Sep 2026 · from monthly figures | 413 | measured |
| 2 | LE3 | £1,044/month | 12 months to Sep 2026 · from monthly figures | 1,893 | measured |
| 3 | LE1 | £965/month | 12 months to Sep 2026 · from monthly figures | 1,268 | measured |
Gross yield, asking basis · postcode districts in City of Leicester
LE3 ranks 2nd of 3 postcode districts in City of Leicester for gross yield, asking basis, at 4.7%.
| # | Area | Gross yield, asking basis | Period | Sample | Tier |
|---|---|---|---|---|---|
| 1 | LE1 | 8.5% | 12 months to Sep 2026 · from monthly figures | 4,993 | measured |
| 2 | LE3 | 4.7% | 12 months to Sep 2026 · from monthly figures | 3,020 | measured |
| 3 | LE5 | 4.3% | 12 months to Sep 2026 · from monthly figures | 668 | measured |
Where next from LE3?
- City of LeicesterThe wider market this area sits in.
- LE1Neighbouring postcode district · Asking £1,671/m² · Sep 2026
- LE5Neighbouring postcode district · Asking £3,139/m² · Sep 2026
- LE19Next door, in another authority · Asking £3,399/m² · Sep 2026
- LE2Next door, in another authority · Asking £3,183/m² · Sep 2026
- LE4Next door, in another authority · Asking £3,206/m² · Sep 2026
- LE6Next door, in another authority · Asking £3,322/m² · Sep 2026
- LE7Next door, in another authority · Asking £4,284/m² · Sep 2026
- LE9Next door, in another authority · Asking £3,264/m² · Sep 2026
Questions about LE3
- What is the average rent in LE3?
- Homes to let in LE3 asked a median £1,044/month over the 12 months to Sep 2026, 1,893 lets. Asking rent, not the rent agreed.
- What is the gross rental yield in LE3?
- 4.7% on the asking basis: the asking rent times twelve over the asking sale price in the same listing cell, before costs, voids and finance, over the 12 months to Sep 2026, 3,020 lets. -1.7% on the previous 12 months.
- What kind of homes are in LE3?
- LE3 has 47,473 homes, 0.5% laid out as houses in multiple occupation.
Construction costs Context for residential research
Sector and regional evidence. These figures are not a quote for an individual property.
Reading the cost index and the regional factors…
Everything else about LE3
- Property values in LE3Every addressable home with its floor area, tenure and last recorded sale.
- Land and development sites in LE3Registered land with its area, tenure and what stands on it.
- Houses and flats for sale in LE3What is on the market right now, with the evidence beside each asking price.
- Flats and houses to rent in LE3What is available to rent, with the recorded rent and yield beside each asking price.
- Sold house prices in LE3Registered completions from Price Paid, newest first.
- Planning applications in LE3What was proposed, who decided it and whether it was approved.
- Estate agents in LE3Who actually lists here, ranked by volume over 12 months.
Where these figures come from
| Figure | Dataset | Window | Latest | Sample |
|---|---|---|---|---|
| Residential dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| HMO-shaped dwellings | HM Land Registry Price Paid and the address register, 12-month rollup | Latest published | — | — |
| Asking rent | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 1,893 lets |
| Gross yield, asking basis | MarketCode market evidence | 12 months to Sep 2026 | Sep 2026 | 3,020 lets |
| Homes to rent | Portal listings; observed forwards from 5 Sep 2026 | on 6 Nov 2026 | 6 Nov 2026 | — |