UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

January 2026

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 — 6.88%Highest gross yield
Derbyshire Dales — 2.70%Lowest gross yield
12Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,190 / £207,6776.88%
  2. 2Portsmouth£1,345 / £245,9856.56%
  3. 3Bristol, City of£1,893 / £349,7216.50%
  4. 4Southampton£1,238 / £232,7336.38%
  5. 5Manchester£1,343 / £254,6096.33%
  6. 6Gateshead£783 / £150,6626.24%
  7. 7Nottingham£1,003 / £193,4586.22%
  8. 8Tower Hamlets£2,389 / £464,3106.17%
  9. 9Kingston upon Hull, City of£670 / £130,9966.14%
  10. 10Salford£1,161 / £227,0346.14%

Lowest gross yields

  1. 283Stratford-on-Avon£1,101 / £396,1843.33%
  2. 284Wychavon£919 / £332,6163.32%
  3. 285East Devon£921 / £335,1573.30%
  4. 286South Hams£996 / £362,1593.30%
  5. 287Malvern Hills£933 / £340,3573.29%
  6. 290Uttlesford£1,295 / £480,6433.23%
  7. 291Mole Valley£1,525 / £576,7913.17%
  8. 292Waverley£1,427 / £552,4633.10%
  9. 293Elmbridge£1,837 / £732,2303.01%
  10. 294Derbyshire Dales£768 / £341,9552.70%

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£1,190£207,677187
2Portsmouth6.56£1,345£245,985129
3Bristol, City of6.50£1,893£349,721389
4Southampton6.38£1,238£232,733163
5Manchester6.33£1,343£254,609291
6Gateshead6.24£783£150,662160
7Nottingham6.22£1,003£193,458168
8Tower Hamlets6.17£2,389£464,310136
9Kingston upon Hull, City of6.14£670£130,996143
10Salford6.14£1,161£227,034143
11Lincoln6.09£940£185,16682
12Norwich6.09£1,142£224,945119
13Middlesbrough6.08£697£137,453102
14Blackpool6.06£689£136,476108
15Liverpool5.92£885£179,323278
16Sunderland5.76£693£144,285167
17Burnley5.75£624£130,22870
18Gosport5.75£1,143£238,52271
19Harlow5.74£1,503£314,14452
20Birmingham5.68£1,087£229,740552
21Newham5.68£1,906£402,35295
22Barking and Dagenham5.62£1,681£359,05371
23Stoke-on-Trent5.61£698£149,232174
24Lambeth5.56£2,520£544,264193
25Blackburn with Darwen5.55£702£151,793144
26Watford5.53£1,817£394,23550
27Exeter5.52£1,319£286,48083
28Hyndburn5.52£634£137,76646 thin
29Slough5.51£1,562£339,96861
30Eastbourne5.50£1,155£252,15089
31Leeds5.49£1,123£245,390562
32Brighton and Hove5.48£1,833£401,560190
33Coventry5.48£1,016£222,587192
34County Durham5.47£626£137,319410
35Sandwell5.47£936£205,300125
36Gloucester5.46£1,069£234,81598
37Plymouth5.42£981£217,064203
38Bournemouth, Christchurch and Poole5.38£1,392£310,598396
39Reading5.38£1,583£353,045102
40Ipswich5.37£983£219,511118
41Stevenage5.37£1,407£314,20548 thin
42South Tyneside5.36£716£160,26389
43Bath and North East Somerset5.35£1,846£414,276150
44Dartford5.32£1,551£349,60879
45Leicester5.30£1,024£231,673141
46Wolverhampton5.26£921£210,275118
47Crawley5.25£1,463£334,26465
48South Gloucestershire5.25£1,447£330,808239
49Bolton5.23£873£200,374174
50Stockton-on-Tees5.20£725£167,205145
51Tameside5.17£908£210,913142
52Pendle5.13£640£149,67963
53Boston5.11£790£185,53943 thin
54Hartlepool5.11£566£132,80076
55Worthing5.11£1,306£306,448114
56Luton5.10£1,205£283,576141
57St. Helens5.04£767£182,568128
58Hastings5.02£1,007£240,75975
59Knowsley5.02£795£190,17978
60Hackney5.01£2,582£618,491108
61Sheffield5.01£920£220,317362
62Swindon5.01£1,078£258,134179
63Preston5.00£772£185,173110
64Rushmoor5.00£1,344£322,52049 thin
65Thanet5.00£1,099£263,745110
66Medway4.99£1,234£296,936205
67Walsall4.99£898£215,977167
68Milton Keynes4.98£1,325£319,478211
69Oldham4.98£882£212,569131
70Redcar and Cleveland4.98£632£152,35580
71Derby4.96£843£204,035178
72Ashfield4.95£773£187,32581
73Darlington4.95£662£160,63496
74Southwark4.93£2,387£581,143168
75Colchester4.92£1,215£296,213154
76North East Lincolnshire4.91£612£149,708158
77Greenwich4.90£1,941£475,647151
78Peterborough4.89£973£238,819122
79North Tyneside4.88£824£202,485148
80Sefton4.88£910£223,549203
81Thurrock4.85£1,336£330,240120
82Mansfield4.84£766£189,72579
83Rossendale4.84£804£199,38354
84Oxford4.83£1,923£478,06579
85Broxbourne4.82£1,648£410,11772
86Lancaster4.82£795£197,92595
87Bury4.80£962£240,695140
88Tendring4.77£1,043£262,188144
89West Suffolk4.77£1,166£293,569148
90Newcastle-under-Lyme4.75£808£203,99597
91Tamworth4.75£948£239,59368
92Croydon4.74£1,553£393,122231
93Wakefield4.73£782£198,383234
94Islington4.71£2,713£691,18191
95Nuneaton and Bedworth4.68£910£233,21897
96Torbay4.68£895£229,667120
97Bradford4.67£729£187,429338
98Calderdale4.67£737£189,230183
99Rochdale4.66£806£207,491130
100Bracknell Forest4.65£1,488£383,72797
101Doncaster4.65£677£174,652198
102Southend-on-Sea4.65£1,275£329,321122
103North Somerset4.64£1,192£308,255208
104Basildon4.62£1,387£360,061151
105Eastleigh4.61£1,196£311,393136
106Great Yarmouth4.61£807£210,16288
107Swale4.60£1,128£294,442121
108Arun4.59£1,211£316,578142
109Barnsley4.59£664£173,590181
110Broxtowe4.58£967£253,54588
111Cambridge4.57£1,797£471,83577
112Chelmsford4.57£1,441£378,195130
113Cumberland4.56£653£171,800243
114Isle of Wight4.56£918£241,596130
115Telford and Wrekin4.56£838£220,358126
116Wigan4.55£723£190,574223
117Gravesham4.54£1,309£346,24370
118Wandsworth4.53£2,609£691,370245
119York4.53£1,170£310,025144
120Cheltenham4.52£1,227£326,110101
121North Northamptonshire4.52£970£257,525283
122Wyre Forest4.52£862£228,78182
123Enfield4.50£1,760£469,351137
124Fylde4.50£842£224,68073
125Spelthorne4.50£1,632£435,62767
126Bexley4.49£1,539£411,279142
127Solihull4.49£1,252£334,844179
128Erewash4.48£829£222,25489
129South Ribble4.47£781£209,750100
130Oadby and Wigston4.46£1,019£274,43943 thin
131Worcester4.45£943£254,13175
132Braintree4.44£1,221£330,165144
133Woking4.44£1,628£440,44178
134Cherwell4.42£1,284£348,271139
135Lewes4.42£1,314£356,40283
136Redditch4.42£894£242,81347 thin
137Wirral4.42£823£223,246251
138Halton4.41£724£196,94791
139Cannock Chase4.40£832£226,70267
140Hounslow4.40£1,899£517,336106
141Fareham4.39£1,191£325,896103
142Folkestone and Hythe4.39£1,120£306,45997
143Kirklees4.39£748£204,460310
144Canterbury4.38£1,241£340,030112
145Lewisham4.38£1,805£494,150146
146Adur4.36£1,374£378,54862
147Bolsover4.36£688£189,25258
148Chesterfield4.36£729£200,59885
149Dudley4.36£846£232,603193
150West Northamptonshire4.36£1,066£293,228328
151Fenland4.35£826£228,10373
152Cornwall4.34£1,004£277,773446
153East Staffordshire4.34£822£227,06984
154Rugby4.34£1,019£281,62881
155Rotherham4.33£678£187,958174
156Hammersmith and Fulham4.31£2,687£747,29893
157Tonbridge and Malling4.31£1,461£407,234109
158Wyre4.31£708£197,30294
159Cheshire West and Chester4.30£954£266,120322
160Chorley4.29£765£213,862102
161North Warwickshire4.28£957£268,50248 thin
162Bedford4.26£1,153£324,603103
163Ashford4.25£1,231£347,732106
164Ealing4.25£2,051£579,001173
165Gedling4.24£889£251,88280
166Maidstone4.24£1,276£361,236162
167Trafford4.24£1,358£384,537201
168Basingstoke and Deane4.23£1,318£373,553153
169Havant4.23£1,120£317,391109
170Hinckley and Bosworth4.20£916£261,615106
171Westmorland and Furness4.20£788£225,085210
172Havering4.19£1,561£447,432221
173North Lincolnshire4.18£626£179,580152
174Somerset4.18£972£279,135499
175King's Lynn and West Norfolk4.17£921£265,184146
176Stockport4.17£1,084£311,614262
177Brent4.16£1,933£556,94593
178Reigate and Banstead4.16£1,619£467,117100
179Central Bedfordshire4.15£1,229£355,348251
180Redbridge4.13£1,714£498,278107
181Westminster4.13£3,181£925,05194
182Dacorum4.12£1,586£461,867120
183Haringey4.12£2,197£639,251132
184South Derbyshire4.12£867£252,51196
185Charnwood4.11£940£274,225157
186Sutton4.11£1,542£450,418111
187Warrington4.11£873£254,909171
188High Peak4.08£895£263,39390
189Huntingdonshire4.08£1,042£306,236149
190Stafford4.07£872£257,23485
191Bassetlaw4.06£715£211,28579
192Blaby4.04£969£288,13678
193South Holland4.04£755£223,99582
194Dover4.03£956£284,69196
195Rother4.03£1,162£346,00575
196Merton4.02£2,080£620,808136
197Epping Forest4.01£1,808£540,73293
198North Hertfordshire4.01£1,394£416,861113
199Warwick4.01£1,236£370,093113
200West Lancashire4.01£790£236,12670
201Amber Valley4.00£779£233,65986
202Runnymede4.00£1,573£471,38264
203Waltham Forest4.00£1,743£523,231156
204West Lindsey4.00£706£211,68192
205Castle Point3.99£1,222£367,24457
206Welwyn Hatfield3.99£1,465£440,17273
207Newark and Sherwood3.98£786£237,16597
208Harrow3.97£1,750£529,27794
209North Kesteven3.97£816£246,883107
210Tunbridge Wells3.97£1,487£449,21094
211Barnet3.96£1,923£583,105194
212East Hertfordshire3.96£1,500£454,94893
213Sevenoaks3.95£1,780£540,49397
214Breckland3.94£903£274,835129
215Horsham3.91£1,439£441,931141
216South Cambridgeshire3.91£1,399£429,56898
217Hillingdon3.90£1,548£476,321154
218Surrey Heath3.89£1,487£458,32773
219Test Valley3.88£1,207£373,233100
220Tandridge3.87£1,590£493,42563
221Windsor and Maidenhead3.87£1,810£561,209106
222Lichfield3.86£1,065£330,72883
223South Kesteven3.86£832£258,754120
224Staffordshire Moorlands3.86£709£220,41575
225Bromley3.85£1,658£517,288266
226Guildford3.85£1,689£525,859110
227Hertsmere3.85£1,789£557,97664
228Wiltshire3.85£1,057£329,877378
229Cheshire East3.84£961£300,023354
230Mid Sussex3.84£1,398£437,417146
231Northumberland3.84£661£206,563263
232Wealden3.84£1,258£393,584127
233Kingston upon Thames3.83£1,821£570,92395
234Winchester3.83£1,483£464,355108
235New Forest3.82£1,221£384,022143
236Camden3.81£2,614£822,923112
237North East Derbyshire3.80£771£243,51169
238North West Leicestershire3.80£893£282,276101
239Vale of White Horse3.80£1,321£417,53597
240West Berkshire3.80£1,266£399,712116
241East Riding of Yorkshire3.79£691£218,965279
242South Staffordshire3.78£939£297,82773
243Dorset3.76£1,031£329,088373
244Three Rivers3.76£1,810£578,11042 thin
245Teignbridge3.75£939£300,277118
246Mid Suffolk3.72£959£309,52278
247Brentwood3.70£1,597£518,01868
248Rutland3.70£969£314,21928 thin
249South Norfolk3.70£964£312,278122
250Epsom and Ewell3.69£1,671£543,06065
251Rochford3.68£1,268£413,70862
252St Albans3.66£1,907£624,968115
253Buckinghamshire3.65£1,460£480,368394
254East Lindsey3.65£665£218,828107
255North Yorkshire3.63£825£272,693526
256Rushcliffe3.62£1,029£341,066105
257Stroud3.62£1,026£339,94295
258Chichester3.60£1,312£437,305104
259North Devon3.59£858£286,43392
260Wokingham3.59£1,487£496,739110
261Maldon3.58£1,145£384,13449 thin
262Cotswold3.56£1,260£424,82078
263Torridge3.56£791£266,54761
264West Oxfordshire3.55£1,264£427,62983
265Broadland3.54£928£314,497116
266Tewkesbury3.53£972£329,96473
267Herefordshire, County of3.52£826£281,936126
268East Cambridgeshire3.51£1,012£346,38253
269Bromsgrove3.50£972£333,15282
270North Norfolk3.50£848£291,02091
271East Suffolk3.49£824£283,137195
272Babergh3.48£967£333,42182
273Mid Devon3.47£863£298,15860
274South Oxfordshire3.46£1,365£474,023107
275Ribble Valley3.45£794£276,31062
276Kensington and Chelsea3.43£3,640£1,273,37280
277Shropshire3.43£798£279,046227
278Richmond upon Thames3.40£2,254£796,188151
279Forest of Dean3.39£834£294,96456
280Hart3.39£1,386£491,27178
281East Hampshire3.37£1,248£443,738106
282Harborough3.36£956£341,16178
283Stratford-on-Avon3.33£1,101£396,184131
284Wychavon3.32£919£332,61691
285East Devon3.30£921£335,157102
286South Hams3.30£996£362,15973
287Malvern Hills3.29£933£340,35752
288Melton3.29£793£289,63849 thin
289West Devon3.25£835£308,47048 thin
290Uttlesford3.23£1,295£480,64368
291Mole Valley3.17£1,525£576,79175
292Waverley3.10£1,427£552,463132
293Elmbridge3.01£1,837£732,230112
294Derbyshire Dales2.70£768£341,95564
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) — January 2026
    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