UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

July 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
4.30Median gross yield %
Newcastle upon Tyne — 6.62%Highest gross yield
Derbyshire Dales — 2.73%Lowest gross yield
0Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,100 / £199,2716.62%
  2. 2Portsmouth£1,339 / £248,0546.48%
  3. 3Manchester£1,316 / £248,9526.34%
  4. 4Southampton£1,217 / £230,4486.34%
  5. 5Blackpool£668 / £128,8076.22%
  6. 6Nottingham£989 / £192,7026.16%
  7. 7Bristol, City of£1,765 / £345,5346.13%
  8. 8Gateshead£758 / £150,0096.06%
  9. 9Kingston upon Hull, City of£645 / £127,9566.05%
  10. 10Norwich£1,136 / £229,6415.94%

Lowest gross yields

  1. 285Uttlesford£1,284 / £469,7583.28%
  2. 286East Devon£910 / £335,6303.25%
  3. 287North Norfolk£823 / £303,5493.25%
  4. 288Melton£748 / £279,2493.21%
  5. 289Waverley£1,497 / £569,2363.16%
  6. 290Malvern Hills£867 / £332,7713.13%
  7. 291South Hams£978 / £375,8453.12%
  8. 292Kensington and Chelsea£3,601 / £1,428,2233.03%
  9. 293Elmbridge£1,848 / £737,4673.01%
  10. 294Derbyshire Dales£754 / £331,9792.73%

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 Tyne6.62£1,100£199,271340
2Portsmouth6.48£1,339£248,054194
3Manchester6.34£1,316£248,952445
4Southampton6.34£1,217£230,448222
5Blackpool6.22£668£128,807213
6Nottingham6.16£989£192,702256
7Bristol, City of6.13£1,765£345,534521
8Gateshead6.06£758£150,009220
9Kingston upon Hull, City of6.05£645£127,956257
10Norwich5.94£1,136£229,641140
11Salford5.91£1,127£228,761350
12Liverpool5.90£860£175,020439
13Middlesbrough5.90£668£135,916157
14Lincoln5.89£897£182,776116
15Burnley5.88£610£124,551125
16Sunderland5.75£673£140,355303
17Hyndburn5.72£621£130,202117
18Harlow5.71£1,458£306,363102
19Gosport5.67£1,101£233,14595
20Birmingham5.58£1,063£228,412896
21Barking and Dagenham5.54£1,650£357,320126
22Leeds5.53£1,100£238,654934
23Newham5.48£1,874£410,345169
24Tower Hamlets5.46£2,368£520,912244
25Stoke-on-Trent5.45£674£148,507271
26County Durham5.44£608£134,010728
27Coventry5.44£996£219,713314
28Exeter5.44£1,304£287,690141
29Gloucester5.42£1,036£229,389190
30Eastbourne5.38£1,158£258,144118
31Slough5.38£1,531£341,62872
32South Tyneside5.38£689£153,631186
33Boston5.35£795£178,37162
34Pendle5.35£627£140,534126
35Crawley5.33£1,441£324,552100
36Stevenage5.32£1,378£310,74588
37Brighton and Hove5.30£1,828£413,633291
38Redcar and Cleveland5.26£636£145,231172
39Ipswich5.25£954£218,241138
40St. Helens5.25£755£172,535201
41Reading5.24£1,544£353,459200
42Leicester5.23£1,001£229,606217
43Plymouth5.23£951£218,374343
44North East Lincolnshire5.21£600£138,104235
45Watford5.20£1,764£407,327103
46Blackburn with Darwen5.19£680£157,243174
47Hartlepool5.17£559£129,775154
48Bournemouth, Christchurch and Poole5.15£1,358£316,677465
49Dartford5.14£1,524£355,819152
50Stockton-on-Tees5.13£706£165,127268
51Sandwell5.10£879£206,796232
52Bath and North East Somerset5.09£1,751£413,169207
53Lambeth5.08£2,417£571,451354
54Preston5.05£742£176,238175
55South Gloucestershire5.05£1,393£330,823372
56Worthing5.05£1,303£309,421161
57Luton5.04£1,192£283,557169
58Tameside5.02£877£209,664248
59Bolton5.00£805£193,239300
60Sheffield4.99£889£213,727535
61Darlington4.98£646£155,517156
62Derby4.97£837£201,996237
63Hackney4.95£2,563£621,191190
64North Tyneside4.94£796£193,517295
65Wolverhampton4.94£847£205,809219
66Peterborough4.91£963£235,341200
67Sefton4.91£886£216,380340
68Southwark4.91£2,343£572,624288
69Swindon4.91£1,050£256,876322
70Knowsley4.90£765£187,282167
71Medway4.90£1,206£295,289306
72Ashfield4.89£756£185,519163
73Broxbourne4.89£1,636£401,724125
74Bradford4.88£725£178,402594
75Mansfield4.86£758£187,319137
76Rushmoor4.86£1,313£324,288118
77Bury4.85£953£236,023218
78Oldham4.85£839£207,605211
79Thanet4.85£1,073£265,429170
80Thurrock4.85£1,313£325,100176
81Milton Keynes4.82£1,294£322,039284
82Calderdale4.81£736£183,445267
83Greenwich4.80£1,876£469,287235
84Doncaster4.78£654£164,155369
85Lancaster4.77£769£193,474163
86Rossendale4.77£770£193,793110
87Tamworth4.77£916£230,311103
88Walsall4.76£843£212,343247
89Hastings4.74£991£251,058127
90Wakefield4.73£756£191,595432
91Rochdale4.70£785£200,593227
92Colchester4.69£1,169£299,191281
93Nuneaton and Bedworth4.69£877£224,628145
94Newcastle-under-Lyme4.67£766£196,995138
95Torbay4.67£879£225,702187
96Eastleigh4.66£1,173£302,378177
97Oxford4.66£1,875£482,907125
98North Somerset4.63£1,166£302,228331
99West Suffolk4.62£1,135£294,574272
100Erewash4.60£817£213,337126
101Southend-on-Sea4.60£1,238£323,166205
102Wirral4.60£797£207,952403
103Cumberland4.58£631£165,502429
104Tendring4.58£1,004£263,254234
105Barnsley4.56£644£169,383276
106Bolsover4.56£673£177,238104
107Solihull4.56£1,240£326,239272
108Islington4.55£2,694£710,344185
109Chesterfield4.54£736£194,385134
110Croydon4.54£1,531£404,312357
111Gravesham4.52£1,256£333,323130
112Swale4.52£1,093£290,176204
113Broxtowe4.50£954£254,604137
114Oadby and Wigston4.50£985£262,69457
115Cheltenham4.49£1,208£322,508209
116Cherwell4.49£1,276£341,092193
117Great Yarmouth4.49£778£208,018135
118Woking4.49£1,647£440,450127
119Arun4.48£1,191£319,349255
120North Northamptonshire4.48£936£250,696491
121Wyre4.48£691£185,189179
122Bexley4.47£1,512£405,472250
123Cambridge4.47£1,773£475,615123
124Fylde4.47£821£220,512117
125Wigan4.47£697£187,271411
126East Staffordshire4.44£807£217,883166
127Enfield4.44£1,732£468,380233
128Worcester4.44£929£250,917159
129Canterbury4.43£1,212£328,555190
130Fenland4.43£810£219,172128
131Basildon4.41£1,343£365,113221
132Dudley4.41£826£224,539328
133York4.41£1,122£305,266263
134Braintree4.40£1,184£322,916217
135Lewisham4.40£1,785£486,578263
136South Ribble4.39£760£207,532176
137Telford and Wrekin4.39£804£219,921204
138Cheshire West and Chester4.37£930£255,595458
139Halton4.37£696£191,144145
140Hounslow4.37£1,887£518,065186
141Gedling4.36£871£239,465154
142Wyre Forest4.36£843£232,047141
143Adur4.35£1,358£374,87867
144Trafford4.35£1,334£367,952291
145West Northamptonshire4.34£1,045£288,763554
146Chelmsford4.33£1,395£386,572247
147North Warwickshire4.30£926£258,34090
148Tonbridge and Malling4.30£1,437£401,155163
149Bracknell Forest4.28£1,430£401,338127
150Chorley4.28£740£207,599139
151North Lincolnshire4.28£614£171,975226
152High Peak4.27£870£244,540134
153Isle of Wight4.27£882£248,050215
154Spelthorne4.27£1,611£453,065113
155Westmorland and Furness4.27£763£214,557300
156Fareham4.26£1,169£329,039181
157Maidstone4.25£1,252£353,637197
158Dacorum4.24£1,579£446,522208
159Bedford4.22£1,132£321,535217
160Brent4.22£1,972£560,846172
161Cannock Chase4.22£810£230,267111
162Ealing4.22£2,041£579,840284
163Folkestone and Hythe4.22£1,059£300,922157
164Kirklees4.22£692£196,933536
165Ashford4.21£1,205£343,262168
166Havant4.21£1,120£319,522155
167Hinckley and Bosworth4.21£898£255,726146
168Redditch4.21£877£250,23591
169Rugby4.21£993£282,885172
170Cornwall4.20£972£277,933714
171King's Lynn and West Norfolk4.20£902£257,950207
172Basingstoke and Deane4.19£1,281£366,977211
173Rotherham4.19£658£188,297299
174Havering4.18£1,531£439,526309
175Somerset4.18£953£273,880800
176Wandsworth4.18£2,522£723,602450
177Bassetlaw4.17£709£203,945166
178Dover4.17£938£270,116161
179Amber Valley4.15£770£222,691213
180Stockport4.15£1,057£305,523392
181Haringey4.14£2,180£632,031212
182Warrington4.14£851£246,646247
183Rother4.13£1,157£335,999125
184Charnwood4.12£921£268,283215
185Central Bedfordshire4.11£1,205£352,244396
186Newark and Sherwood4.11£775£226,421203
187Lewes4.10£1,248£365,665150
188North Hertfordshire4.09£1,360£398,646176
189Huntingdonshire4.08£1,015£298,784269
190Redbridge4.08£1,687£496,584176
191Runnymede4.08£1,607£472,248115
192South Holland4.07£741£218,324129
193Waltham Forest4.07£1,746£515,398224
194Hammersmith and Fulham4.06£2,744£810,223230
195Sutton4.06£1,523£450,234205
196Vale of White Horse4.05£1,321£391,659209
197South Derbyshire4.04£842£250,375171
198Stafford4.04£845£250,796171
199Surrey Heath4.03£1,480£440,803106
200West Lancashire4.03£754£224,622132
201Breckland4.02£898£267,729206
202East Hertfordshire4.02£1,481£442,079202
203Warwick4.02£1,216£363,319211
204Reigate and Banstead4.01£1,608£480,642180
205Welwyn Hatfield3.99£1,456£437,549128
206Merton3.98£2,059£621,242213
207Blaby3.97£937£283,385108
208South Kesteven3.97£836£252,693218
209West Lindsey3.97£671£202,635149
210North Kesteven3.94£776£236,517183
211Epping Forest3.91£1,743£534,748172
212Northumberland3.91£647£198,345489
213Hertsmere3.89£1,757£541,77990
214Sevenoaks3.89£1,731£534,208153
215Castle Point3.88£1,200£371,477124
216North East Derbyshire3.88£758£234,166140
217Staffordshire Moorlands3.87£675£209,539124
218Tunbridge Wells3.87£1,462£452,993169
219Horsham3.86£1,416£440,312211
220Hillingdon3.85£1,533£477,331189
221Winchester3.84£1,450£452,928124
222East Riding of Yorkshire3.82£691£216,882582
223Kingston upon Thames3.82£1,829£574,029162
224East Lindsey3.81£657£206,667212
225Harrow3.81£1,721£541,346150
226Mid Sussex3.81£1,374£433,132247
227New Forest3.81£1,223£385,251233
228South Cambridgeshire3.81£1,359£428,468224
229West Berkshire3.79£1,273£402,641201
230Wiltshire3.79£1,012£320,441696
231Cheshire East3.77£926£294,702585
232East Cambridgeshire3.77£1,029£327,389123
233Wealden3.77£1,241£394,754244
234North Yorkshire3.76£827£264,215891
235Lichfield3.74£1,019£326,622166
236Bromley3.73£1,638£527,044366
237South Norfolk3.72£951£307,070179
238Tandridge3.72£1,572£507,521100
239Dorset3.70£1,003£325,525580
240Mid Suffolk3.70£946£306,556176
241Rochford3.70£1,235£400,577122
242Rushcliffe3.70£1,014£328,555178
243South Staffordshire3.69£905£294,327141
244Test Valley3.69£1,138£370,457164
245Mid Devon3.68£863£281,232125
246Three Rivers3.68£1,775£578,332107
247Teignbridge3.67£924£301,804218
248Camden3.66£2,788£913,567169
249North West Leicestershire3.66£829£272,078176
250West Oxfordshire3.64£1,292£425,680154
251Tewkesbury3.62£961£318,620176
252Epsom and Ewell3.60£1,676£558,066104
253Brentwood3.59£1,573£525,561119
254Guildford3.59£1,639£547,605206
255Barnet3.56£1,878£633,066314
256Buckinghamshire3.56£1,409£475,146661
257Torridge3.56£769£259,008110
258Windsor and Maidenhead3.56£1,778£599,596177
259South Oxfordshire3.55£1,365£462,029189
260St Albans3.55£1,874£633,384162
261Broadland3.54£898£304,542218
262Bromsgrove3.54£970£328,754135
263Rutland3.54£942£319,64072
264Westminster3.54£3,244£1,099,750185
265Chichester3.52£1,292£440,102127
266Hart3.52£1,372£468,139120
267Harborough3.51£936£319,718172
268North Devon3.50£846£290,100146
269Wychavon3.46£921£319,272172
270East Suffolk3.44£802£279,468329
271Stroud3.44£981£342,410174
272West Devon3.43£823£287,57383
273Wokingham3.43£1,435£501,400243
274Babergh3.42£932£327,273108
275Maldon3.39£1,095£387,46098
276Shropshire3.39£788£279,086392
277Forest of Dean3.38£823£291,96196
278Cotswold3.37£1,178£419,825135
279Ribble Valley3.37£774£275,91799
280Mole Valley3.36£1,521£543,680122
281East Hampshire3.35£1,247£446,047178
282Herefordshire, County of3.34£793£284,835230
283Stratford-on-Avon3.32£1,084£392,125213
284Richmond upon Thames3.31£2,230£809,638243
285Uttlesford3.28£1,284£469,758139
286East Devon3.25£910£335,630249
287North Norfolk3.25£823£303,549165
288Melton3.21£748£279,24976
289Waverley3.16£1,497£569,236205
290Malvern Hills3.13£867£332,771117
291South Hams3.12£978£375,845158
292Kensington and Chelsea3.03£3,601£1,428,223157
293Elmbridge3.01£1,848£737,467201
294Derbyshire Dales2.73£754£331,97988
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) — July 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