UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

February 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
4.40Median gross yield %
Newcastle upon Tyne — 6.99%Highest gross yield
Derbyshire Dales — 2.73%Lowest gross yield
7Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,199 / £205,7866.99%
  2. 2Bristol, City of£1,891 / £344,0486.60%
  3. 3Portsmouth£1,349 / £247,3056.55%
  4. 4Southampton£1,243 / £232,2146.42%
  5. 5Manchester£1,345 / £252,2856.40%
  6. 6Tower Hamlets£2,391 / £457,8346.27%
  7. 7Nottingham£1,006 / £192,9286.26%
  8. 8Norwich£1,144 / £221,2426.20%
  9. 9Middlesbrough£705 / £136,7156.19%
  10. 10Lincoln£944 / £183,4306.18%

Lowest gross yields

  1. 283East Hampshire£1,250 / £442,3003.39%
  2. 284Kensington and Chelsea£3,628 / £1,285,7383.39%
  3. 285Wychavon£921 / £327,8623.37%
  4. 286Uttlesford£1,290 / £465,3673.33%
  5. 287East Devon£937 / £338,6523.32%
  6. 288Malvern Hills£936 / £343,3883.27%
  7. 289Mole Valley£1,534 / £564,0133.26%
  8. 292Waverley£1,427 / £543,7083.15%
  9. 293Elmbridge£1,834 / £729,7703.02%
  10. 294Derbyshire Dales£783 / £344,5412.73%

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 Tyne6.99£1,199£205,786190
2Bristol, City of6.60£1,891£344,048361
3Portsmouth6.55£1,349£247,305142
4Southampton6.42£1,243£232,214160
5Manchester6.40£1,345£252,285308
6Tower Hamlets6.27£2,391£457,834108
7Nottingham6.26£1,006£192,928174
8Norwich6.20£1,144£221,24290
9Middlesbrough6.19£705£136,71562
10Lincoln6.18£944£183,43082
11Salford6.16£1,162£226,427189
12Blackpool6.08£693£136,817106
13Kingston upon Hull, City of6.08£676£133,360190
14Gateshead6.07£784£155,075154
15Liverpool5.98£888£178,053254
16Newham5.90£1,910£388,40790
17Gosport5.82£1,146£236,33467
18Burnley5.74£624£130,55684
19Sunderland5.71£694£145,807173
20Birmingham5.66£1,087£230,525559
21Harlow5.63£1,509£321,56362
22Stoke-on-Trent5.60£701£150,106145
23Barking and Dagenham5.59£1,684£361,73474
24Blackburn with Darwen5.58£705£151,592105
25Exeter5.53£1,316£285,48892
26County Durham5.52£629£136,832401
27Coventry5.52£1,020£221,887200
28Eastbourne5.51£1,158£252,23577
29Leeds5.51£1,126£245,175567
30Bath and North East Somerset5.50£1,863£406,799137
31Brighton and Hove5.50£1,831£399,759198
32Gloucester5.49£1,087£237,56099
33Watford5.49£1,815£397,05259
34Lambeth5.47£2,522£553,198169
35Bournemouth, Christchurch and Poole5.45£1,393£306,993321
36Ipswich5.44£985£217,13488
37Reading5.44£1,581£348,505116
38Slough5.44£1,561£344,12667
39Plymouth5.43£982£216,832231
40South Tyneside5.42£718£158,84480
41Hyndburn5.41£636£141,10877
42Sandwell5.39£937£208,572124
43Stevenage5.35£1,412£316,56963
44Crawley5.30£1,470£332,69563
45Dartford5.27£1,554£353,92286
46Wolverhampton5.27£926£210,933129
47Stockton-on-Tees5.25£728£166,298132
48Boston5.24£792£181,20555
49Leicester5.23£1,024£235,057128
50South Gloucestershire5.22£1,445£332,236242
51Bolton5.20£873£201,311232
52Hackney5.19£2,589£598,721101
53Luton5.19£1,207£278,963127
54Worthing5.18£1,309£303,26698
55Rushmoor5.17£1,359£315,43590
56Tameside5.17£913£212,076168
57Pendle5.16£643£149,64977
58Hartlepool5.11£567£133,06377
59Hastings5.10£1,009£237,37971
60Darlington5.08£664£156,96085
61Swindon5.08£1,080£254,981165
62Oldham5.07£899£212,986164
63North Tyneside5.03£827£197,199170
64St. Helens5.03£770£183,761133
65Southwark5.01£2,388£571,436125
66Thanet5.01£1,103£264,030133
67Knowsley4.98£800£192,79880
68Medway4.98£1,238£298,268183
69Sheffield4.98£920£221,839386
70Derby4.97£844£203,945173
71Mansfield4.97£768£185,58370
72Preston4.97£775£187,130103
73Redcar and Cleveland4.97£636£153,57595
74Walsall4.97£901£217,541150
75Sefton4.95£914£221,540201
76Milton Keynes4.94£1,327£322,084190
77Greenwich4.91£1,943£474,947144
78Thurrock4.90£1,341£328,247102
79Ashfield4.89£775£190,09889
80Colchester4.89£1,216£298,704164
81Peterborough4.89£974£239,165123
82Rossendale4.88£808£198,66460
83Lancaster4.87£799£196,799113
84North East Lincolnshire4.87£613£150,945109
85Oxford4.84£1,937£480,67177
86Tamworth4.83£955£237,19866
87Islington4.82£2,733£680,10587
88Newcastle-under-Lyme4.82£816£203,243112
89Bury4.81£963£240,118140
90Croydon4.81£1,556£388,264218
91Tendring4.81£1,045£260,755143
92Nuneaton and Bedworth4.79£912£228,37691
93West Suffolk4.75£1,171£295,929143
94Bradford4.73£732£185,748394
95Broxbourne4.73£1,652£419,09170
96Rochdale4.72£814£207,134144
97Wakefield4.72£785£199,545267
98Doncaster4.69£681£174,389247
99Torbay4.69£898£229,833132
100North Somerset4.67£1,193£306,727202
101Bracknell Forest4.66£1,497£385,267102
102Eastleigh4.66£1,201£309,359118
103Basildon4.65£1,392£359,271149
104Calderdale4.64£738£190,814191
105Southend-on-Sea4.64£1,275£329,569152
106Wigan4.64£727£188,206266
107Cumberland4.62£656£170,259282
108Swale4.62£1,119£290,500117
109Gravesham4.60£1,314£343,02756
110Wandsworth4.60£2,603£678,667210
111Isle of Wight4.59£930£243,220144
112Barnsley4.58£667£174,633178
113Broxtowe4.58£966£253,16589
114Great Yarmouth4.58£810£212,24974
115York4.57£1,172£307,933158
116Arun4.56£1,215£319,889162
117Chelmsford4.56£1,442£379,827147
118Solihull4.56£1,254£330,158171
119Bexley4.55£1,536£405,260161
120Cambridge4.55£1,793£473,38779
121Erewash4.55£830£219,12099
122Wyre Forest4.55£865£228,37068
123Braintree4.54£1,225£324,088133
124Cheltenham4.53£1,229£325,642116
125Fylde4.53£846£224,29692
126North Northamptonshire4.53£974£257,733283
127Worcester4.53£949£251,46669
128Oadby and Wigston4.52£1,018£270,20643 thin
129Enfield4.51£1,767£469,779110
130Hounslow4.51£1,902£506,445116
131Cherwell4.50£1,288£343,491101
132Telford and Wrekin4.50£844£224,840127
133South Ribble4.49£784£209,365102
134Spelthorne4.47£1,633£438,70665
135Woking4.47£1,615£434,01487
136Adur4.45£1,377£371,04042 thin
137Chesterfield4.44£732£197,69674
138Kirklees4.44£756£204,435320
139Wirral4.44£827£223,439261
140Bolsover4.43£689£186,75862
141Redditch4.43£896£242,79155
142Dudley4.42£846£229,620175
143Rugby4.42£1,023£277,75690
144Halton4.41£728£198,20071
145Lewisham4.41£1,806£491,629146
146Fareham4.40£1,198£327,073120
147Lewes4.40£1,318£359,81089
148Wyre4.40£713£194,50999
149Canterbury4.39£1,250£341,727102
150North Warwickshire4.39£963£262,96255
151Cannock Chase4.38£837£229,26691
152Folkestone and Hythe4.38£1,126£308,42581
153West Northamptonshire4.38£1,067£292,237354
154Hammersmith and Fulham4.37£2,701£741,67183
155Cornwall4.36£1,005£276,787463
156Rotherham4.35£678£186,906177
157Gedling4.34£890£246,29297
158Fenland4.33£829£229,75289
159Tonbridge and Malling4.33£1,462£405,12596
160Brent4.32£1,946£540,05978
161Cheshire West and Chester4.32£957£265,967297
162East Staffordshire4.32£828£230,164101
163Chorley4.30£769£214,42281
164Basingstoke and Deane4.29£1,321£369,726159
165Trafford4.29£1,360£380,099154
166Bedford4.28£1,159£325,055127
167Ealing4.28£2,052£575,578130
168Havant4.28£1,122£314,61192
169Westmorland and Furness4.27£792£222,509210
170Maidstone4.26£1,280£360,356137
171Westminster4.26£3,138£883,94574
172Ashford4.25£1,236£349,10993
173King's Lynn and West Norfolk4.22£926£263,378110
174Havering4.20£1,564£447,388190
175Dacorum4.19£1,582£453,355111
176North Lincolnshire4.19£628£179,868133
177Somerset4.19£975£279,396532
178Stockport4.18£1,088£312,044278
179Charnwood4.15£944£273,133128
180Dover4.15£959£277,26087
181Hinckley and Bosworth4.15£918£265,335107
182South Holland4.14£757£219,54593
183Central Bedfordshire4.13£1,235£359,192251
184Redbridge4.13£1,716£498,724122
185High Peak4.12£898£261,85786
186Warrington4.12£876£255,399180
187Huntingdonshire4.11£1,044£304,967174
188South Derbyshire4.11£869£254,00292
189Reigate and Banstead4.10£1,624£475,352101
190Epping Forest4.09£1,815£532,11893
191Haringey4.08£2,197£645,66688
192Blaby4.07£973£286,95568
193Merton4.07£2,079£613,279111
194North Hertfordshire4.07£1,400£413,183100
195Sutton4.07£1,544£454,695143
196Stafford4.06£877£259,218106
197Amber Valley4.05£781£231,131113
198North Kesteven4.05£840£248,597122
199Tunbridge Wells4.04£1,496£444,63489
200Rother4.02£1,162£347,20479
201West Lindsey4.02£708£211,09971
202Castle Point4.00£1,225£367,61176
203Camden3.99£2,624£788,62863
204Surrey Heath3.99£1,487£447,60665
205East Hertfordshire3.98£1,505£454,296127
206Barnet3.97£1,926£582,243172
207Newark and Sherwood3.97£787£237,651107
208Waltham Forest3.97£1,748£527,704140
209Bassetlaw3.96£715£216,772103
210Sevenoaks3.96£1,781£540,18086
211Cheshire East3.95£967£293,986359
212Horsham3.95£1,442£437,691110
213South Kesteven3.95£832£252,983107
214Warwick3.95£1,236£375,928116
215Harrow3.94£1,752£532,94165
216Runnymede3.94£1,565£477,07270
217West Lancashire3.94£789£240,27977
218Breckland3.93£905£276,551105
219Hillingdon3.93£1,548£472,761146
220Staffordshire Moorlands3.93£716£218,61580
221North East Derbyshire3.91£775£237,78576
222Welwyn Hatfield3.91£1,466£450,13672
223Lichfield3.90£1,080£332,25192
224Bromley3.89£1,663£512,608207
225Wealden3.89£1,259£388,249133
226Winchester3.89£1,493£460,12293
227South Cambridgeshire3.88£1,397£432,240109
228Tandridge3.87£1,594£494,23569
229Test Valley3.87£1,203£373,078118
230Vale of White Horse3.87£1,327£411,408116
231Wiltshire3.87£1,057£327,476442
232East Riding of Yorkshire3.86£699£217,093345
233Guildford3.86£1,692£525,41897
234Northumberland3.86£662£205,884247
235Mid Sussex3.85£1,401£436,390147
236Teignbridge3.84£941£294,295129
237Windsor and Maidenhead3.84£1,808£565,10599
238New Forest3.83£1,226£383,809165
239Hertsmere3.82£1,787£560,88360
240Kingston upon Thames3.82£1,808£568,496117
241North West Leicestershire3.82£895£281,397111
242Dorset3.77£1,034£329,431364
243West Berkshire3.76£1,269£404,675139
244South Staffordshire3.75£941£301,50685
245Three Rivers3.74£1,809£580,55457
246Brentwood3.72£1,600£516,33655
247Rochford3.72£1,277£411,96783
248Rutland3.71£969£313,29725 thin
249South Norfolk3.71£963£311,123116
250Mid Suffolk3.69£963£312,90289
251Buckinghamshire3.67£1,463£478,364388
252East Lindsey3.67£669£218,469115
253Epsom and Ewell3.67£1,678£549,08543 thin
254North Devon3.67£861£281,33659
255Chichester3.65£1,316£432,44677
256East Cambridgeshire3.65£1,014£333,75081
257St Albans3.65£1,910£628,39091
258North Yorkshire3.64£828£273,093557
259Rushcliffe3.64£1,029£339,420106
260Cotswold3.62£1,263£418,44475
261Tewkesbury3.59£977£326,81088
262Wokingham3.59£1,480£494,920117
263West Oxfordshire3.58£1,267£425,02574
264Maldon3.56£1,150£387,16248 thin
265Broadland3.55£930£314,335124
266Babergh3.54£968£327,78474
267East Suffolk3.53£829£282,048215
268Stroud3.53£1,031£350,03090
269Bromsgrove3.52£974£332,44376
270North Norfolk3.51£854£291,909110
271Mid Devon3.49£868£298,74359
272Torridge3.49£788£270,75458
273Forest of Dean3.48£829£285,60672
274Herefordshire, County of3.48£820£282,452165
275South Oxfordshire3.46£1,372£475,58189
276Hart3.45£1,395£485,34387
277Ribble Valley3.45£798£277,25760
278Richmond upon Thames3.44£2,276£794,282110
279Harborough3.42£958£335,81388
280Shropshire3.42£801£280,667265
281Stratford-on-Avon3.41£1,110£390,929131
282South Hams3.40£996£351,74088
283East Hampshire3.39£1,250£442,300101
284Kensington and Chelsea3.39£3,628£1,285,73850
285Wychavon3.37£921£327,86292
286Uttlesford3.33£1,290£465,36750
287East Devon3.32£937£338,652181
288Malvern Hills3.27£936£343,38869
289Mole Valley3.26£1,534£564,01374
290Melton3.24£791£292,62142 thin
291West Devon3.22£836£311,31037 thin
292Waverley3.15£1,427£543,708124
293Elmbridge3.02£1,834£729,77099
294Derbyshire Dales2.73£783£344,54154
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) — February 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