UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

October 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
4.31Median gross yield %
Newcastle upon Tyne — 6.93%Highest gross yield
Derbyshire Dales — 2.55%Lowest gross yield
0Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,155 / £200,0746.93%
  2. 2Portsmouth£1,336 / £247,1696.49%
  3. 3Manchester£1,324 / £250,3076.35%
  4. 4Southampton£1,220 / £234,8576.23%
  5. 5Bristol, City of£1,824 / £352,1386.22%
  6. 6Nottingham£1,001 / £194,8626.16%
  7. 7Blackpool£678 / £133,1276.11%
  8. 8Norwich£1,139 / £223,5856.11%
  9. 9Gateshead£771 / £152,4606.07%
  10. 10Lincoln£922 / £184,6865.99%

Lowest gross yields

  1. 285Richmond upon Thames£2,224 / £811,1703.29%
  2. 286South Hams£990 / £364,7763.26%
  3. 287Kensington and Chelsea£3,633 / £1,343,4373.25%
  4. 288Uttlesford£1,286 / £477,0193.24%
  5. 289East Devon£919 / £345,5133.19%
  6. 290Waverley£1,480 / £559,3333.18%
  7. 291Malvern Hills£912 / £345,1503.17%
  8. 292Melton£769 / £297,8513.10%
  9. 293Elmbridge£1,836 / £729,5393.02%
  10. 294Derbyshire Dales£755 / £355,1722.55%

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 Tyne6.93£1,155£200,074299
2Portsmouth6.49£1,336£247,169224
3Manchester6.35£1,324£250,307438
4Southampton6.23£1,220£234,857239
5Bristol, City of6.22£1,824£352,138558
6Nottingham6.16£1,001£194,862311
7Blackpool6.11£678£133,127232
8Norwich6.11£1,139£223,585189
9Gateshead6.07£771£152,460232
10Lincoln5.99£922£184,686120
11Kingston upon Hull, City of5.94£652£131,651241
12Salford5.91£1,143£231,914282
13Sunderland5.88£688£140,406309
14Middlesbrough5.83£674£138,748145
15Gosport5.80£1,131£233,834113
16Harlow5.77£1,476£307,07093
17Liverpool5.75£873£182,079443
18Tower Hamlets5.71£2,374£498,710168
19Newham5.60£1,882£403,641144
20Barking and Dagenham5.56£1,666£359,772122
21Hyndburn5.56£629£135,648102
22Burnley5.55£615£132,977121
23Birmingham5.53£1,075£233,309822
24Leeds5.47£1,104£242,319854
25Plymouth5.46£977£214,837295
26County Durham5.45£618£136,155681
27Coventry5.45£1,003£220,887325
28Watford5.45£1,806£398,01484
29Stoke-on-Trent5.44£691£152,330276
30Exeter5.39£1,319£293,710151
31Gloucester5.39£1,059£235,674171
32Bournemouth, Christchurch and Poole5.35£1,380£309,607516
33Slough5.35£1,532£343,33587
34Reading5.34£1,574£353,718168
35Eastbourne5.33£1,151£259,374134
36Pendle5.32£634£143,080123
37Lambeth5.30£2,476£560,860302
38South Tyneside5.27£700£159,390142
39Brighton and Hove5.26£1,833£418,549374
40Leicester5.25£1,016£232,254202
41Stevenage5.24£1,383£316,53089
42Sandwell5.18£897£207,754256
43Crawley5.16£1,452£337,46995
44Hartlepool5.16£554£128,771113
45Ipswich5.16£966£224,659164
46St. Helens5.13£761£177,840230
47Blackburn with Darwen5.10£692£162,953148
48South Gloucestershire5.10£1,424£334,833383
49Stockton-on-Tees5.07£715£169,128260
50Redcar and Cleveland5.06£633£149,992188
51Tameside5.06£897£212,664258
52Bath and North East Somerset5.05£1,770£420,436279
53Bolton5.05£842£200,239337
54Darlington5.05£654£155,518153
55Dartford5.04£1,535£365,317136
56North East Lincolnshire5.04£606£144,361198
57Worthing5.04£1,305£310,619155
58Sheffield5.03£907£216,284593
59Sefton5.02£899£214,790325
60Luton5.00£1,190£285,598160
61Derby4.95£835£202,520305
62Knowsley4.95£780£188,967154
63Rossendale4.95£788£190,974114
64Medway4.94£1,220£296,083319
65Swindon4.93£1,059£257,877293
66Wolverhampton4.92£868£211,846194
67Walsall4.91£862£210,667273
68Ashfield4.90£765£187,456185
69Hastings4.89£994£244,077132
70Peterborough4.89£969£237,762209
71Boston4.87£781£192,40174
72Greenwich4.87£1,888£465,581198
73Thurrock4.87£1,322£325,915201
74Bury4.86£960£237,264245
75Rushmoor4.86£1,339£330,686116
76North Tyneside4.85£817£202,006229
77Preston4.84£752£186,616177
78Hackney4.82£2,567£639,285151
79Tamworth4.79£932£233,567106
80Broxbourne4.78£1,634£410,139131
81Colchester4.78£1,188£298,312259
82Milton Keynes4.77£1,294£325,640273
83Bradford4.76£726£183,016617
84Nuneaton and Bedworth4.76£903£227,807165
85Mansfield4.75£758£191,328142
86Doncaster4.74£670£169,794371
87Oldham4.74£847£214,566183
88Thanet4.74£1,087£275,121217
89Calderdale4.73£735£186,387324
90Southend-on-Sea4.72£1,261£320,487192
91Southwark4.72£2,345£596,645275
92Torbay4.71£892£227,426198
93Lancaster4.70£782£199,531193
94North Somerset4.70£1,182£301,990338
95Wakefield4.69£769£196,954445
96Croydon4.66£1,537£395,594342
97Islington4.66£2,708£696,959170
98Newcastle-under-Lyme4.66£792£203,882149
99Cumberland4.62£645£167,658419
100Oadby and Wigston4.62£1,007£261,39352
101Rochdale4.61£792£205,961242
102Tendring4.61£1,029£267,739226
103West Suffolk4.61£1,150£299,373272
104Eastleigh4.58£1,180£309,195189
105Swale4.58£1,116£292,713204
106Oxford4.57£1,915£503,291124
107Wirral4.56£812£213,791420
108Gravesham4.53£1,296£342,97986
109Basildon4.51£1,374£365,306225
110Barnsley4.50£654£174,299252
111Bolsover4.49£683£182,341131
112North Northamptonshire4.49£955£255,147475
113Woking4.48£1,649£441,894120
114Erewash4.46£819£220,592182
115Solihull4.46£1,245£334,894248
116Wigan4.46£709£190,714428
117Bracknell Forest4.45£1,458£393,015157
118Fenland4.45£817£220,458124
119Halton4.45£711£191,834125
120Worcester4.45£929£250,424132
121Chelmsford4.43£1,427£386,702211
122Braintree4.42£1,202£326,056210
123Enfield4.42£1,741£473,013237
124York4.42£1,134£307,845217
125Great Yarmouth4.41£789£214,502138
126Telford and Wrekin4.41£816£222,153197
127Chesterfield4.40£731£199,307137
128South Ribble4.40£770£210,074171
129Wyre4.40£699£190,746174
130Bexley4.39£1,514£413,979257
131Fylde4.39£833£227,928127
132Dudley4.38£834£228,319369
133Spelthorne4.38£1,620£443,74592
134Arun4.37£1,201£329,489231
135Gedling4.37£884£242,957170
136Cambridge4.35£1,774£489,684122
137Cherwell4.35£1,276£352,197199
138Tonbridge and Malling4.35£1,453£400,629178
139Wyre Forest4.35£851£234,649146
140Adur4.34£1,372£379,76493
141Cheltenham4.34£1,199£331,623213
142Redditch4.34£886£244,879123
143Rugby4.34£1,006£278,231137
144West Northamptonshire4.34£1,057£292,527536
145Broxtowe4.33£961£266,575136
146Wandsworth4.33£2,552£707,717425
147Canterbury4.31£1,219£339,428174
148Ealing4.31£2,050£570,810239
149Hounslow4.31£1,894£527,035176
150Isle of Wight4.31£897£249,973191
151Lewisham4.31£1,800£501,017263
152Chorley4.30£753£210,237155
153North Warwickshire4.30£945£263,969104
154Cheshire West and Chester4.27£941£264,176498
155Maidstone4.27£1,267£356,124239
156Basingstoke and Deane4.25£1,305£368,121246
157East Staffordshire4.25£807£228,031173
158Rotherham4.24£669£189,306302
159Fareham4.23£1,167£330,692170
160Hinckley and Bosworth4.23£911£258,268141
161Hammersmith and Fulham4.22£2,731£776,439176
162Havant4.21£1,115£317,954149
163Havering4.20£1,561£445,775280
164Ashford4.19£1,218£348,573162
165Bedford4.19£1,145£328,075180
166Cornwall4.19£991£283,680711
167Stockport4.19£1,069£306,153433
168Trafford4.19£1,334£381,835282
169North Lincolnshire4.18£621£178,125206
170Folkestone and Hythe4.16£1,094£315,270139
171King's Lynn and West Norfolk4.16£913£263,283184
172Lewes4.16£1,292£373,026130
173High Peak4.15£875£253,006132
174Cannock Chase4.14£814£236,223149
175Kirklees4.14£703£203,960514
176Somerset4.14£966£280,041781
177Bassetlaw4.12£710£206,841174
178Brent4.12£1,926£561,582172
179Redbridge4.11£1,703£496,784216
180Central Bedfordshire4.09£1,210£354,747409
181Warrington4.09£862£252,745256
182Haringey4.08£2,203£647,542182
183Westmorland and Furness4.08£777£228,735309
184Charnwood4.07£929£274,100220
185Dacorum4.06£1,580£467,292194
186Sutton4.04£1,529£454,302202
187Merton4.03£2,072£617,281193
188Blaby4.01£954£285,331123
189Huntingdonshire4.01£1,028£307,418251
190Westminster4.01£3,223£963,842170
191Dover4.00£944£283,412177
192Warwick4.00£1,224£366,758199
193Rother3.99£1,148£345,186138
194Epping Forest3.97£1,752£529,170174
195Welwyn Hatfield3.97£1,463£442,060119
196Stafford3.95£851£258,375172
197Surrey Heath3.95£1,480£449,179130
198Newark and Sherwood3.94£780£237,700188
199South Derbyshire3.94£852£259,191167
200Hertsmere3.93£1,786£545,630115
201Reigate and Banstead3.92£1,604£491,079181
202Runnymede3.92£1,587£486,37090
203West Lancashire3.92£775£237,291172
204Amber Valley3.91£771£236,337177
205Breckland3.91£897£275,285193
206North Kesteven3.91£789£242,135173
207East Hertfordshire3.90£1,480£455,442209
208Harrow3.90£1,737£534,920159
209South Holland3.90£747£229,641140
210South Kesteven3.90£825£254,093222
211Camden3.89£2,795£862,122129
212Castle Point3.89£1,215£375,174117
213West Lindsey3.89£691£213,170137
214North Hertfordshire3.88£1,365£422,075157
215Hillingdon3.87£1,534£475,744192
216Tunbridge Wells3.87£1,471£455,879152
217Waltham Forest3.87£1,732£536,487257
218Test Valley3.86£1,204£374,146183
219Vale of White Horse3.84£1,311£409,525175
220Horsham3.83£1,426£446,573215
221Wiltshire3.83£1,042£326,633698
222Barnet3.82£1,910£599,974296
223Kingston upon Thames3.82£1,831£574,441185
224New Forest3.82£1,227£385,198254
225Sevenoaks3.82£1,717£539,671147
226East Riding of Yorkshire3.81£690£217,343518
227Wealden3.79£1,246£394,856235
228Bromley3.78£1,644£522,131343
229Northumberland3.77£653£207,915429
230Mid Sussex3.75£1,383£442,281201
231West Berkshire3.74£1,277£409,234196
232Winchester3.74£1,453£466,442185
233Teignbridge3.73£937£301,342184
234Lichfield3.72£1,037£334,179174
235Cheshire East3.71£933£301,620645
236Guildford3.71£1,673£541,089178
237Dorset3.70£1,023£331,717578
238East Lindsey3.70£660£214,130191
239South Cambridgeshire3.70£1,373£445,637197
240Brentwood3.69£1,595£519,019129
241Rochford3.69£1,247£405,460121
242Staffordshire Moorlands3.69£687£223,438119
243North West Leicestershire3.67£870£284,114148
244North Yorkshire3.67£835£272,822898
245North East Derbyshire3.65£767£251,824117
246Windsor and Maidenhead3.65£1,792£589,265172
247South Norfolk3.64£956£315,213213
248Tandridge3.64£1,558£513,683120
249Three Rivers3.64£1,798£592,661100
250Epsom and Ewell3.62£1,645£545,22080
251Rushcliffe3.61£1,024£340,409174
252Tewkesbury3.61£969£322,154170
253St Albans3.60£1,888£628,575196
254Mid Suffolk3.59£948£316,627163
255South Staffordshire3.58£915£306,724139
256Broadland3.57£912£306,268203
257Rutland3.53£950£323,36766
258East Cambridgeshire3.52£1,047£356,69387
259Mid Devon3.52£868£296,21296
260Buckinghamshire3.50£1,422£486,985643
261North Devon3.50£852£291,845137
262Torridge3.50£784£268,46489
263West Oxfordshire3.49£1,258£432,909156
264Wokingham3.48£1,480£510,082258
265Hart3.46£1,375£477,537136
266Bromsgrove3.44£973£339,469114
267South Oxfordshire3.44£1,348£470,546192
268Chichester3.43£1,300£454,552153
269Forest of Dean3.43£837£293,112104
270Maldon3.41£1,122£394,64688
271Babergh3.40£950£335,601134
272Shropshire3.39£792£280,183440
273North Norfolk3.38£836£296,834151
274East Hampshire3.37£1,241£441,910168
275Herefordshire, County of3.37£817£290,700230
276East Suffolk3.36£804£286,960356
277Harborough3.36£942£336,620158
278West Devon3.36£824£294,53585
279Cotswold3.34£1,206£433,606131
280Stratford-on-Avon3.33£1,087£391,430196
281Wychavon3.33£916£330,064183
282Ribble Valley3.32£783£283,256102
283Mole Valley3.31£1,510£547,649114
284Stroud3.31£986£357,465163
285Richmond upon Thames3.29£2,224£811,170228
286South Hams3.26£990£364,776129
287Kensington and Chelsea3.25£3,633£1,343,437140
288Uttlesford3.24£1,286£477,019108
289East Devon3.19£919£345,513243
290Waverley3.18£1,480£559,333151
291Malvern Hills3.17£912£345,150104
292Melton3.10£769£297,85169
293Elmbridge3.02£1,836£729,539209
294Derbyshire Dales2.55£755£355,172114
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) — October 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