UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

December 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
4.34Median gross yield %
Newcastle upon Tyne — 6.88%Highest gross yield
Derbyshire Dales — 2.64%Lowest gross yield
1Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,179 / £205,5926.88%
  2. 2Portsmouth£1,341 / £247,0096.51%
  3. 3Bristol, City of£1,889 / £350,8416.46%
  4. 4Manchester£1,337 / £254,2916.31%
  5. 5Southampton£1,231 / £234,3396.30%
  6. 6Gateshead£782 / £151,8456.18%
  7. 7Nottingham£1,000 / £194,1326.18%
  8. 8Norwich£1,139 / £223,2706.12%
  9. 9Kingston upon Hull, City of£666 / £131,6146.07%
  10. 10Tower Hamlets£2,387 / £472,8666.06%

Lowest gross yields

  1. 284Stratford-on-Avon£1,098 / £399,6893.30%
  2. 285Malvern Hills£931 / £340,6713.28%
  3. 286East Devon£922 / £338,9313.26%
  4. 288South Hams£996 / £371,8053.21%
  5. 289Melton£789 / £296,2683.20%
  6. 290Mole Valley£1,516 / £567,7933.20%
  7. 291Uttlesford£1,294 / £486,3413.19%
  8. 292Waverley£1,447 / £560,0813.10%
  9. 293Elmbridge£1,837 / £727,9413.03%
  10. 294Derbyshire Dales£760 / £345,2992.64%

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 Tyne6.88£1,179£205,592245
2Portsmouth6.51£1,341£247,009158
3Bristol, City of6.46£1,889£350,841436
4Manchester6.31£1,337£254,291343
5Southampton6.30£1,231£234,339233
6Gateshead6.18£782£151,845191
7Nottingham6.18£1,000£194,132199
8Norwich6.12£1,139£223,270155
9Kingston upon Hull, City of6.07£666£131,614243
10Tower Hamlets6.06£2,387£472,866158
11Salford6.05£1,157£229,496262
12Blackpool6.04£684£135,962162
13Lincoln5.96£938£188,788105
14Middlesbrough5.95£685£138,256125
15Gosport5.83£1,138£234,10093
16Liverpool5.76£881£183,693322
17Sunderland5.76£693£144,314242
18Harlow5.75£1,493£311,46791
19Newham5.72£1,900£398,939131
20Burnley5.67£619£131,05886
21Birmingham5.63£1,084£230,903648
22Barking and Dagenham5.62£1,678£358,03992
23Lambeth5.61£2,515£538,005262
24Stoke-on-Trent5.58£695£149,348189
25Watford5.51£1,815£395,08062
26Leeds5.50£1,118£243,998766
27Exeter5.48£1,323£289,469135
28Hyndburn5.46£632£138,943110
29Slough5.46£1,552£340,82064
30Eastbourne5.44£1,152£254,234142
31Gloucester5.43£1,068£236,235147
32Coventry5.42£1,011£223,652241
33Brighton and Hove5.40£1,834£407,777282
34Plymouth5.40£983£218,415336
35Sandwell5.40£926£205,852194
36Bournemouth, Christchurch and Poole5.39£1,391£309,556436
37Leicester5.35£1,023£229,573186
38Reading5.35£1,584£354,990142
39County Durham5.32£623£140,630554
40Ipswich5.29£980£222,292102
41South Tyneside5.28£712£161,789121
42Stevenage5.27£1,398£318,58057
43South Gloucestershire5.22£1,449£333,375322
44Bolton5.21£872£200,835253
45Pendle5.21£638£146,918140
46Dartford5.18£1,546£358,074124
47Crawley5.17£1,458£338,125100
48Hartlepool5.17£563£130,66988
49Wolverhampton5.17£907£210,532150
50Bath and North East Somerset5.16£1,812£420,998193
51Blackburn with Darwen5.15£699£162,933142
52Stockton-on-Tees5.13£721£168,631174
53Tameside5.08£905£213,698204
54Darlington5.07£661£156,353107
55Redcar and Cleveland5.07£630£149,113126
56St. Helens5.06£766£181,511181
57Greenwich5.03£1,927£459,985177
58Hastings5.03£1,004£239,73694
59Worthing5.03£1,304£311,392141
60Luton5.01£1,201£287,850126
61Sheffield5.01£918£219,825508
62Knowsley5.00£789£189,245125
63Medway5.00£1,229£295,141264
64Hackney4.98£2,578£621,339139
65Swindon4.97£1,075£259,323258
66Derby4.96£840£203,255246
67Sefton4.95£907£219,998274
68Peterborough4.93£972£236,434150
69Preston4.93£765£186,082148
70North East Lincolnshire4.92£610£148,835168
71Thanet4.91£1,095£267,760153
72Walsall4.91£890£217,712182
73Ashfield4.89£771£189,175125
74Broxbourne4.86£1,642£405,45979
75North Tyneside4.86£822£203,008208
76Rushmoor4.86£1,342£331,220116
77Boston4.85£787£194,88673
78Colchester4.85£1,208£298,822210
79Thurrock4.85£1,331£329,585136
80Milton Keynes4.84£1,315£326,084213
81Rossendale4.84£797£197,48783
82Bury4.83£961£238,607176
83Oldham4.83£866£215,199205
84Southwark4.83£2,374£589,543192
85Mansfield4.78£764£191,724115
86Oxford4.78£1,913£480,54694
87Tamworth4.78£941£236,43571
88Lancaster4.76£791£199,329140
89Wakefield4.73£779£197,696361
90Islington4.72£2,716£691,072128
91Newcastle-under-Lyme4.71£801£203,959104
92West Suffolk4.71£1,161£295,877166
93Calderdale4.70£736£187,875231
94Croydon4.68£1,547£396,831275
95Bradford4.66£728£187,430497
96Doncaster4.65£675£174,192327
97North Somerset4.65£1,189£306,954259
98Nuneaton and Bedworth4.64£908£234,833129
99Southend-on-Sea4.64£1,274£329,199193
100Torbay4.62£892£231,806140
101Tendring4.61£1,039£270,632197
102Basildon4.59£1,384£361,648194
103Eastleigh4.59£1,190£310,830149
104Rochdale4.58£798£209,089222
105Swale4.57£1,124£295,380135
106Telford and Wrekin4.55£830£219,074195
107Barnsley4.54£661£174,811222
108Bracknell Forest4.53£1,480£391,700126
109Cumberland4.53£651£172,409310
110Fylde4.53£838£222,198120
111Wandsworth4.53£2,605£690,036285
112Great Yarmouth4.51£800£212,73682
113Wigan4.51£719£191,507385
114Wirral4.51£819£217,746352
115Woking4.51£1,640£436,518125
116Arun4.50£1,207£321,900244
117Broxtowe4.50£966£257,627123
118Enfield4.50£1,753£467,681191
119Gravesham4.50£1,305£348,13187
120Solihull4.50£1,250£333,301206
121Halton4.49£719£192,302105
122North Northamptonshire4.49£966£258,445364
123Oadby and Wigston4.49£1,017£271,51053
124York4.49£1,157£308,951200
125Chelmsford4.48£1,437£384,962195
126Worcester4.48£938£251,215109
127Bexley4.44£1,530£413,126185
128Cheltenham4.44£1,221£329,987140
129South Ribble4.44£778£210,034138
130Cambridge4.43£1,793£485,18289
131Erewash4.42£827£224,370108
132Dudley4.41£844£229,666234
133Isle of Wight4.41£905£246,502147
134Spelthorne4.41£1,630£443,38790
135Wyre Forest4.41£858£233,442117
136Adur4.40£1,372£374,04559
137Braintree4.40£1,215£330,993145
138Bolsover4.39£686£187,48086
139Cherwell4.39£1,281£350,175158
140Lewisham4.39£1,805£492,872216
141Canterbury4.38£1,232£337,516161
142Hounslow4.38£1,897£519,960156
143Rugby4.37£1,017£279,444117
144Redditch4.36£893£245,68994
145West Northamptonshire4.36£1,064£293,076433
146Cheshire West and Chester4.35£950£261,911432
147East Staffordshire4.35£816£225,293140
148Chesterfield4.34£727£200,969112
149Chorley4.32£762£211,590136
150Lewes4.32£1,310£363,603121
151Tonbridge and Malling4.31£1,460£406,887141
152Wyre4.31£704£195,903156
153Cornwall4.29£998£279,305678
154Fenland4.29£823£230,017135
155Folkestone and Hythe4.29£1,112£310,869128
156Ealing4.28£2,051£574,490165
157Fareham4.28£1,181£330,908143
158Gedling4.28£887£248,464158
159Hammersmith and Fulham4.28£2,702£757,836120
160Westminster4.28£3,240£909,052123
161Kirklees4.27£733£205,870412
162Maidstone4.27£1,273£358,061186
163Rotherham4.27£677£190,288231
164Trafford4.26£1,350£380,045232
165Basingstoke and Deane4.25£1,314£370,862199
166Cannock Chase4.25£826£233,054112
167Havant4.24£1,118£316,526132
168Ashford4.23£1,227£347,767132
169Hinckley and Bosworth4.21£915£260,780151
170North Warwickshire4.20£951£271,97389
171Somerset4.19£969£277,552641
172Stockport4.19£1,079£308,819308
173Havering4.18£1,561£447,701224
174Bedford4.17£1,146£329,681157
175Haringey4.16£2,202£635,153155
176North Lincolnshire4.16£625£180,341172
177Central Bedfordshire4.14£1,223£354,496349
178Bassetlaw4.12£713£207,658132
179Reigate and Banstead4.12£1,614£470,215143
180Warrington4.11£870£253,771239
181Westmorland and Furness4.11£785£229,439261
182Charnwood4.10£936£274,223191
183King's Lynn and West Norfolk4.09£918£269,667178
184Redbridge4.09£1,711£501,403161
185Dacorum4.07£1,588£467,703158
186High Peak4.07£887£261,730116
187Brent4.06£1,927£569,119126
188South Derbyshire4.06£863£255,292135
189Sutton4.06£1,538£454,142141
190Huntingdonshire4.05£1,038£307,768228
191Merton4.05£2,080£615,863119
192Rother4.04£1,157£343,849120
193Warwick4.03£1,234£367,875164
194Welwyn Hatfield4.02£1,464£437,283100
195Dover4.01£950£284,137121
196West Lancashire4.01£789£236,074106
197Castle Point4.00£1,221£366,595106
198Waltham Forest4.00£1,740£522,484216
199Stafford3.99£866£260,126119
200Blaby3.98£961£289,637118
201Runnymede3.98£1,580£476,60587
202Harrow3.96£1,745£528,176112
203Newark and Sherwood3.96£785£237,873142
204Amber Valley3.95£776£235,500124
205Surrey Heath3.95£1,487£451,40998
206North Hertfordshire3.94£1,384£421,829140
207Sevenoaks3.94£1,762£536,891127
208West Lindsey3.94£703£214,353126
209East Hertfordshire3.93£1,490£455,261156
210Epping Forest3.93£1,786£544,866133
211South Holland3.93£752£229,419110
212Barnet3.92£1,921£588,581236
213Hertsmere3.91£1,795£551,49793
214Horsham3.91£1,435£440,774166
215North Kesteven3.91£796£244,118123
216Hillingdon3.90£1,545£474,983150
217Test Valley3.90£1,208£371,419149
218Tunbridge Wells3.90£1,482£456,087103
219Breckland3.89£902£278,009137
220Camden3.89£2,684£827,054114
221South Cambridgeshire3.88£1,393£430,697162
222Kingston upon Thames3.87£1,832£568,439145
223Mid Sussex3.84£1,395£436,195177
224Windsor and Maidenhead3.83£1,808£566,867130
225Wiltshire3.82£1,056£331,589551
226Lichfield3.81£1,051£331,144110
227Vale of White Horse3.81£1,317£414,324148
228Guildford3.80£1,689£533,400117
229West Berkshire3.80£1,270£400,686161
230South Kesteven3.79£830£263,133149
231Wealden3.79£1,254£396,991188
232Bromley3.78£1,652£524,700295
233Cheshire East3.78£951£301,861535
234Staffordshire Moorlands3.78£699£221,835120
235New Forest3.77£1,220£387,987200
236Winchester3.77£1,473£469,441135
237East Riding of Yorkshire3.76£687£219,530438
238Northumberland3.76£659£210,364382
239Tandridge3.76£1,581£504,13769
240Dorset3.75£1,029£329,349439
241North West Leicestershire3.75£891£285,181124
242Teignbridge3.75£937£299,687163
243Rochford3.73£1,265£407,17487
244North East Derbyshire3.72£769£247,89095
245Three Rivers3.71£1,808£585,14563
246South Staffordshire3.70£935£303,10087
247Brentwood3.69£1,597£519,61789
248St Albans3.68£1,901£619,433135
249South Norfolk3.67£962£314,302182
250Mid Suffolk3.66£955£313,086131
251North Yorkshire3.66£828£271,434726
252East Lindsey3.64£664£219,060133
253Epsom and Ewell3.64£1,660£546,90387
254Rushcliffe3.64£1,027£338,437138
255Rutland3.63£962£318,39951
256Buckinghamshire3.61£1,456£484,507548
257Stroud3.58£1,013£339,560154
258Wokingham3.58£1,495£500,578179
259Torridge3.57£792£265,87279
260Chichester3.55£1,307£441,576146
261West Oxfordshire3.55£1,261£426,158106
262Cotswold3.53£1,251£425,175107
263North Devon3.53£853£289,780125
264North Norfolk3.53£843£286,631105
265Tewkesbury3.53£971£330,477123
266Broadland3.52£923£314,795166
267Bromsgrove3.52£971£331,22783
268East Cambridgeshire3.48£1,025£353,24097
269East Suffolk3.47£816£282,348285
270Maldon3.47£1,138£393,05982
271Mid Devon3.47£864£298,72579
272Babergh3.45£964£335,677104
273Herefordshire, County of3.45£826£287,322204
274South Oxfordshire3.45£1,358£472,096152
275Forest of Dean3.44£843£294,47668
276Kensington and Chelsea3.44£3,651£1,275,007104
277Shropshire3.42£796£279,472371
278East Hampshire3.41£1,245£437,943166
279Ribble Valley3.39£790£279,93280
280Hart3.37£1,382£491,788120
281Richmond upon Thames3.35£2,232£798,928175
282Harborough3.32£952£344,264156
283Wychavon3.31£918£332,600132
284Stratford-on-Avon3.30£1,098£399,689155
285Malvern Hills3.28£931£340,67199
286East Devon3.26£922£338,931188
287West Devon3.23£831£308,40446 thin
288South Hams3.21£996£371,805124
289Melton3.20£789£296,26869
290Mole Valley3.20£1,516£567,79374
291Uttlesford3.19£1,294£486,341106
292Waverley3.10£1,447£560,081135
293Elmbridge3.03£1,837£727,941170
294Derbyshire Dales2.64£760£345,29965
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) — December 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