UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

June 2025

Gross rental yield by English local authority.

gross yield % = (average monthly rent × 12) ÷ average house price × 100

Retrospective edition. Retrospective editions are computed from the latest published data for each period — not the data as it stood at the time. ONS and HM Land Registry revise their figures, so a retrospective edition is not what would have been published then. Retrospective editions therefore carry no revision flags; revision tracking begins with the first live edition.
294Local authorities covered
4.36Median gross yield %
Newcastle upon Tyne — 6.73%Highest gross yield
Derbyshire Dales — 2.87%Lowest gross yield
1Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,097 / £195,5976.73%
  2. 2Manchester£1,312 / £243,9786.45%
  3. 3Portsmouth£1,338 / £250,6616.41%
  4. 4Blackpool£664 / £125,8666.33%
  5. 5Southampton£1,216 / £235,2256.20%
  6. 6Gateshead£757 / £146,8026.19%
  7. 7Nottingham£982 / £191,2436.16%
  8. 8Kingston upon Hull, City of£644 / £126,2016.12%
  9. 9Norwich£1,136 / £222,6926.12%
  10. 10Bristol, City of£1,753 / £344,7886.10%

Lowest gross yields

  1. 285Uttlesford£1,276 / £466,7883.28%
  2. 286East Devon£909 / £334,1933.26%
  3. 287Richmond upon Thames£2,222 / £821,6523.25%
  4. 288Melton£746 / £277,8233.22%
  5. 289Malvern Hills£868 / £324,9933.20%
  6. 290Waverley£1,504 / £565,5033.19%
  7. 291South Hams£976 / £387,6563.02%
  8. 292Kensington and Chelsea£3,616 / £1,461,7082.97%
  9. 293Elmbridge£1,849 / £760,8532.92%
  10. 294Derbyshire Dales£756 / £316,4192.87%

thin = latest published monthly sales volume is below this index's suppression threshold — read with caution, and do not compare directly against high-volume areas (see Methodology).

Headline rankings (the highest and lowest tables) exclude local authorities flagged thin (low monthly sales volume); those areas appear in the full table below, flagged. A sort of the full table or CSV will therefore not reproduce the headline lists.

Full ranked table — every included local authority

RankLocal authorityGross yield %Avg monthly rentAvg priceSales volume
1Newcastle upon Tyne6.73£1,097£195,597321
2Manchester6.45£1,312£243,978403
3Portsmouth6.41£1,338£250,661175
4Blackpool6.33£664£125,866189
5Southampton6.20£1,216£235,225190
6Gateshead6.19£757£146,802257
7Nottingham6.16£982£191,243248
8Kingston upon Hull, City of6.12£644£126,201333
9Norwich6.12£1,136£222,692139
10Bristol, City of6.10£1,753£344,788404
11Burnley5.95£607£122,416114
12Liverpool5.92£854£173,051389
13Hyndburn5.91£618£125,40399
14Sunderland5.91£673£136,742363
15Middlesbrough5.90£664£134,992152
16Lincoln5.82£893£184,282103
17Salford5.66£1,121£237,614278
18Harlow5.65£1,450£308,17173
19County Durham5.62£604£129,058721
20Leeds5.62£1,103£235,667862
21Gosport5.61£1,084£231,86397
22Stoke-on-Trent5.60£675£144,552268
23Birmingham5.55£1,059£229,092793
24Coventry5.55£997£215,752331
25Barking and Dagenham5.50£1,633£356,11186
26Newham5.47£1,851£405,877140
27Watford5.45£1,751£385,45477
28Exeter5.44£1,297£285,983144
29Gloucester5.44£1,034£228,292159
30Pendle5.43£623£137,728110
31Tower Hamlets5.43£2,364£522,884253
32Boston5.40£791£175,76787
33Brighton and Hove5.40£1,830£406,554250
34Dartford5.37£1,518£339,143115
35St. Helens5.37£752£167,959215
36South Tyneside5.36£688£153,926163
37Plymouth5.34£949£213,400304
38Stevenage5.34£1,375£308,86065
39Redcar and Cleveland5.33£629£141,742187
40Slough5.33£1,529£344,54388
41Crawley5.32£1,435£323,60594
42Eastbourne5.32£1,160£261,428137
43Leicester5.32£997£224,697182
44Preston5.28£736£167,398179
45Ipswich5.19£958£221,477121
46Reading5.18£1,543£357,603167
47Bath and North East Somerset5.17£1,747£405,204187
48Blackburn with Darwen5.17£676£156,865197
49Hartlepool5.15£555£129,299161
50Bournemouth, Christchurch and Poole5.13£1,358£317,650377
51Sandwell5.13£874£204,439216
52Stockton-on-Tees5.13£704£164,523284
53Hackney5.10£2,557£601,401159
54Lambeth5.09£2,401£566,087277
55North East Lincolnshire5.09£599£141,105218
56Sheffield5.08£886£209,179493
57Darlington5.07£643£152,284176
58Luton5.07£1,190£281,899164
59Tameside5.06£871£206,471238
60Derby5.05£840£199,483248
61Wolverhampton5.05£842£200,267197
62Calderdale5.02£733£175,111238
63Knowsley5.01£762£182,594190
64South Gloucestershire5.01£1,390£332,650367
65Bolton4.99£804£193,347248
66Worthing4.99£1,298£312,304153
67North Tyneside4.97£796£192,226319
68Peterborough4.97£961£231,915217
69Swindon4.96£1,052£254,607318
70Rossendale4.95£763£184,861100
71Southwark4.95£2,353£570,344315
72Bradford4.94£718£174,523553
73Sefton4.94£882£214,239294
74Medway4.93£1,203£292,666281
75Ashfield4.91£754£184,321191
76Oldham4.90£834£204,368227
77Bury4.88£939£230,723219
78Thurrock4.88£1,301£320,031153
79Mansfield4.85£758£187,630150
80Rushmoor4.85£1,297£320,992121
81Broxbourne4.84£1,635£405,029108
82Tamworth4.84£912£226,076112
83Walsall4.82£844£210,017229
84Lancaster4.81£764£190,456122
85Doncaster4.80£653£163,368336
86Greenwich4.80£1,873£467,785203
87Thanet4.80£1,066£266,556153
88Hastings4.78£990£248,51590
89Milton Keynes4.77£1,293£325,431284
90North Somerset4.77£1,164£292,812344
91Wakefield4.77£753£189,479396
92Wirral4.77£794£199,922353
93Oxford4.72£1,853£470,979106
94Southend-on-Sea4.70£1,230£314,048194
95Tendring4.70£998£254,996237
96Cumberland4.68£628£160,941331
97Colchester4.67£1,164£298,944234
98Nuneaton and Bedworth4.66£859£221,153202
99West Suffolk4.66£1,135£292,080260
100Barnsley4.65£642£165,644315
101Newcastle-under-Lyme4.65£765£197,466136
102Torbay4.65£875£225,667162
103Eastleigh4.64£1,173£303,416172
104Rochdale4.64£777£201,020215
105Solihull4.63£1,242£321,563223
106Erewash4.62£819£212,838123
107Broxtowe4.61£952£248,019160
108Chesterfield4.61£734£190,980140
109Arun4.56£1,188£312,353238
110Cheltenham4.56£1,210£318,505122
111Great Yarmouth4.56£776£204,049114
112York4.56£1,122£295,454234
113Croydon4.55£1,525£402,262313
114Fylde4.54£814£215,31186
115Swale4.54£1,079£285,477215
116Wyre4.54£688£182,030155
117Bolsover4.53£667£176,569139
118Wigan4.53£693£183,533400
119East Staffordshire4.52£808£214,362189
120Cherwell4.48£1,272£340,639211
121North Northamptonshire4.48£928£248,358550
122South Ribble4.48£755£202,185171
123Halton4.47£693£186,095132
124Worcester4.47£929£249,580136
125Wyre Forest4.47£841£225,958138
126Cambridge4.46£1,773£476,55496
127Dudley4.46£818£219,862353
128Gravesham4.46£1,251£336,74884
129Hounslow4.46£1,886£507,295163
130Bexley4.45£1,485£400,782197
131Canterbury4.45£1,213£327,380211
132Oadby and Wigston4.44£978£264,18964
133Isle of Wight4.43£879£238,254178
134Woking4.43£1,648£445,94897
135Basildon4.42£1,339£363,903201
136Fenland4.42£807£219,337155
137Gedling4.42£871£236,559179
138Cheshire West and Chester4.41£926£251,797404
139Enfield4.41£1,724£469,549185
140Islington4.41£2,697£733,910136
141Trafford4.40£1,332£363,513224
142Westmorland and Furness4.40£760£207,203311
143Telford and Wrekin4.39£797£217,706246
144Braintree4.38£1,183£324,065212
145Cannock Chase4.37£811£222,820111
146West Northamptonshire4.37£1,041£285,931565
147Havant4.36£1,121£308,486130
148Lewisham4.36£1,778£489,213219
149Adur4.35£1,352£373,19877
150High Peak4.35£868£239,191123
151Tonbridge and Malling4.35£1,433£395,244163
152North Lincolnshire4.34£610£168,501170
153Cornwall4.33£966£267,805660
154Rugby4.31£991£275,694196
155Bracknell Forest4.30£1,426£397,515156
156Chorley4.30£735£204,987117
157Fareham4.30£1,168£325,730176
158King's Lynn and West Norfolk4.30£898£250,754161
159Redditch4.29£876£244,91899
160Spelthorne4.29£1,615£451,23192
161Bedford4.27£1,125£315,920212
162Chelmsford4.27£1,378£387,261206
163Dover4.26£938£264,128156
164Folkestone and Hythe4.26£1,057£297,532138
165Brent4.25£1,999£563,829189
166Kirklees4.25£691£195,267496
167Maidstone4.25£1,246£351,422222
168Somerset4.23£950£269,612680
169Wandsworth4.23£2,519£715,290360
170Haringey4.22£2,175£619,045152
171Rotherham4.22£653£185,622328
172Dacorum4.21£1,584£451,320131
173Redbridge4.21£1,682£479,488127
174Hinckley and Bosworth4.20£890£254,198163
175Bassetlaw4.19£705£201,735187
176Amber Valley4.18£768£220,461167
177Ashford4.18£1,199£343,894149
178Warrington4.18£848£243,626234
179North Warwickshire4.17£915£263,40485
180West Lindsey4.17£672£193,280125
181Havering4.16£1,522£439,519208
182Newark and Sherwood4.16£772£222,812197
183North Hertfordshire4.16£1,361£392,880156
184Central Bedfordshire4.15£1,197£346,253473
185Charnwood4.15£922£266,660232
186Ealing4.15£2,041£590,658227
187Stockport4.15£1,051£304,206377
188Lewes4.14£1,247£361,80599
189Rother4.14£1,157£335,76078
190South Holland4.12£737£214,847142
191Waltham Forest4.12£1,751£510,139202
192Runnymede4.11£1,619£472,93484
193South Derbyshire4.11£840£245,059174
194Sutton4.10£1,521£445,058157
195Basingstoke and Deane4.09£1,274£373,849210
196Huntingdonshire4.09£1,012£297,124260
197Vale of White Horse4.09£1,329£390,028265
198Warwick4.09£1,215£356,400210
199Welwyn Hatfield4.09£1,452£426,29494
200Epping Forest4.08£1,741£511,762120
201Northumberland4.08£645£189,728473
202Stafford4.07£843£248,843184
203Surrey Heath4.07£1,474£434,68582
204Merton4.05£2,058£609,581168
205Reigate and Banstead4.04£1,605£477,127155
206West Lancashire4.03£747£222,212131
207Breckland4.02£893£266,673191
208South Kesteven4.02£838£249,938199
209North East Derbyshire4.00£755£226,370132
210East Hertfordshire3.97£1,469£443,546200
211Blaby3.96£931£282,028154
212Hammersmith and Fulham3.96£2,759£836,052150
213Sevenoaks3.96£1,738£526,267103
214North Kesteven3.93£775£236,688154
215South Cambridgeshire3.92£1,357£415,647204
216Castle Point3.91£1,194£366,081110
217New Forest3.91£1,225£376,190210
218East Lindsey3.90£657£202,119187
219Staffordshire Moorlands3.89£675£208,321143
220East Riding of Yorkshire3.88£689£212,870584
221Harrow3.88£1,717£531,242126
222Hertsmere3.86£1,755£546,17584
223Hillingdon3.86£1,536£477,245241
224Horsham3.86£1,411£439,127179
225Winchester3.86£1,451£450,600181
226Cheshire East3.83£923£289,322607
227Mid Sussex3.82£1,374£431,407172
228Wealden3.82£1,241£389,975218
229Tunbridge Wells3.81£1,456£458,652140
230East Cambridgeshire3.79£1,024£324,474112
231Rochford3.78£1,233£391,142136
232West Berkshire3.78£1,266£401,791196
233Kingston upon Thames3.76£1,813£578,141125
234Mid Suffolk3.76£947£302,533170
235North Yorkshire3.76£823£262,533822
236Wiltshire3.76£1,003£320,117596
237Dorset3.75£1,002£320,228495
238Lichfield3.75£1,013£323,877140
239North West Leicestershire3.74£827£265,117178
240Tandridge3.74£1,571£503,73291
241Bromley3.73£1,634£525,204347
242Camden3.73£2,804£902,485127
243Rushcliffe3.72£1,011£326,296186
244South Norfolk3.72£950£306,119201
245Tewkesbury3.69£958£311,649174
246South Oxfordshire3.68£1,382£450,488179
247South Staffordshire3.68£900£293,194111
248Teignbridge3.67£922£301,175185
249Torridge3.67£767£251,08194
250West Oxfordshire3.66£1,291£423,409162
251Broadland3.65£894£294,047195
252Test Valley3.65£1,136£373,110147
253Barnet3.62£1,872£621,373286
254Brentwood3.62£1,572£521,61685
255Three Rivers3.61£1,766£587,15071
256Buckinghamshire3.60£1,411£470,348566
257Epsom and Ewell3.60£1,687£561,71085
258Windsor and Maidenhead3.60£1,767£589,267134
259Rutland3.59£938£313,89538 thin
260St Albans3.59£1,869£624,457157
261Mid Devon3.58£858£287,287111
262North Devon3.57£840£282,257110
263Harborough3.56£935£315,183175
264Wychavon3.56£922£310,767152
265Guildford3.54£1,637£555,636140
266Cotswold3.53£1,175£399,68898
267Chichester3.52£1,290£440,244139
268East Suffolk3.51£806£275,379319
269Stroud3.51£978£334,424136
270Bromsgrove3.49£968£333,044106
271Hart3.49£1,364£469,026124
272Shropshire3.48£786£270,738379
273Babergh3.47£932£322,405110
274Forest of Dean3.46£816£283,17895
275Herefordshire, County of3.43£790£276,440219
276West Devon3.43£825£288,28078
277Maldon3.42£1,090£382,83084
278Westminster3.42£3,251£1,140,392168
279Mole Valley3.41£1,525£536,36187
280East Hampshire3.37£1,248£444,745151
281Ribble Valley3.37£770£273,831103
282Stratford-on-Avon3.36£1,084£387,187190
283Wokingham3.34£1,435£515,370183
284North Norfolk3.33£820£295,92393
285Uttlesford3.28£1,276£466,788138
286East Devon3.26£909£334,193222
287Richmond upon Thames3.25£2,222£821,652194
288Melton3.22£746£277,823105
289Malvern Hills3.20£868£324,993130
290Waverley3.19£1,504£565,503148
291South Hams3.02£976£387,656143
292Kensington and Chelsea2.97£3,616£1,461,708119
293Elmbridge2.92£1,849£760,853143
294Derbyshire Dales2.87£756£316,41991
Download full table (CSV)

Regional breakdown

Regional breakdown available from March 2026 onward — earlier editions cover local authorities only. Regional rent figures were not published for this period, so no regional yields are shown; the full local-authority index above is unaffected.

Methodology

Formula: gross yield % = (average monthly rent × 12) ÷ average house price × 100

Sources: ONS (Price Index of Private Rents) (as at 22 July 2026); HM Land Registry (UK House Price Index) (as at 1 July 2026).

Coverage: 294 local authorities included, 0 excluded.

    Excluded: none

    Thin-LA handling

    An LA whose latest published monthly sales volume is below 50 is flagged thin.

    HM Land Registry itself warns that local-authority House Price Index averages are based on monthly sales volumes that can be small, which makes month-to-month movements volatile for lower-volume areas. Local authorities flagged 'thin' below are those whose latest published monthly sales volume falls under this index's suppression threshold. Read a thin-flagged figure with caution, and do not compare it directly against high-volume areas as if the two were equally stable measurements.

    Headline rankings

    Headline rankings (the highest and lowest tables) exclude local authorities flagged thin (low monthly sales volume); those areas appear in the full table below, flagged. A sort of the full table or CSV will therefore not reproduce the headline lists.

    What this index is — and is not

    The average rented property and the average sold property are not the same property. This index divides an aggregate rent series by an aggregate price series, so it measures the relative gross-yield attractiveness of an area — NOT an achievable return on any specific purchase.
    This is a GROSS yield: rent over price, before any costs. It models no voids, management, maintenance, tax, or finance, and forecasts nothing. It is a measurement, not investment advice.

    Revision policy

    Each published edition is immutable at its own URL and is never edited after release. Both inputs (ONS PIPR rent, HM Land Registry HPI price) are themselves revised at source after first publication. Where a prior edition's underlying figure is later revised, that revision is not applied retroactively — it appears in the NEXT edition, which shows the prior value alongside the current one and flags it as revised. Prior editions are never silently overwritten.

    Retrospective edition

    Retrospective editions are computed from the latest published data for each period — not the data as it stood at the time. ONS and HM Land Registry revise their figures, so a retrospective edition is not what would have been published then. Retrospective editions therefore carry no revision flags; revision tracking begins with the first live edition.

    Sources

    1. Derived: UKPP Rental Yield Index (ukppyield:*:gross_yield) — June 2025
    2. ← Rent input: ONS (Price Index of Private Rents), as at 22 July 2026
    3. ← Price input: HM Land Registry (UK House Price Index), as at 1 July 2026