Property investment stats for Letchworth, East of England

• With strong rental yields of 5.1%, Letchworth offers appealing prospects for income-focused investors.
• Properties spend a median of 38 days on the market, reflecting decent liquidity and the potential for efficient entry and exit.
• The current median discount of £5,000 (the typical achieved discount) suggests there is scope for negotiation when purchasing.

• Capital growth over the past year has changed by -1.3%, which may temper expectations for short-term appreciation.
• The area has a relatively low proportion of private rented housing in the 13th percentile, potentially limiting tenant pool size.
• The median price per square foot of £420 per sq ft may be high for some investors relative to regional incomes.

Letchworth's property market is likely to remain steady, with balanced demand and supply reflected in 371 transactions each year. Rental yields are expected to stay competitive, especially given the 5.1% average and current asking rents for three-bedroom houses and two-bedroom flats at £1,600 and £1,200 respectively.

Affordability, as shown by the 6.7 ratio, should help underpin ongoing interest from both buyers and renters. While short-term capital growth has changed by -1.3%, the three-year annualised growth of 2.3% points to moderate gains over the medium term. Investors should expect a stable market with room for negotiation but without the dramatic swings seen in more volatile locations.