UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

April 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
4.42Median gross yield %
Newcastle upon Tyne — 6.92%Highest gross yield
Derbyshire Dales — 2.84%Lowest gross yield
7Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,206 / £209,0006.92%
  2. 2Manchester£1,349 / £248,2646.52%
  3. 3Portsmouth£1,362 / £250,6596.52%
  4. 4Bristol, City of£1,885 / £351,8186.43%
  5. 5Southampton£1,248 / £234,3616.39%
  6. 6Tower Hamlets£2,410 / £453,4056.38%
  7. 7Nottingham£1,007 / £192,3816.28%
  8. 8Blackpool£700 / £135,5276.20%
  9. 9Lincoln£950 / £185,0176.16%
  10. 10Middlesbrough£709 / £138,2366.15%

Lowest gross yields

  1. 284Herefordshire, County of£809 / £288,8943.36%
  2. 285Kensington and Chelsea£3,597 / £1,286,7083.35%
  3. 286East Devon£970 / £348,5043.34%
  4. 287Uttlesford£1,282 / £467,4083.29%
  5. 288Malvern Hills£941 / £343,9823.28%
  6. 289West Devon£837 / £307,3213.27%
  7. 290Melton£790 / £291,7923.25%
  8. 291South Hams£998 / £368,2723.25%
  9. 292Waverley£1,441 / £568,0123.04%
  10. 293Elmbridge£1,831 / £743,7812.95%

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 Tyne6.92£1,206£209,000175
2Manchester6.52£1,349£248,264289
3Portsmouth6.52£1,362£250,659127
4Bristol, City of6.43£1,885£351,818393
5Southampton6.39£1,248£234,361176
6Tower Hamlets6.38£2,410£453,405154
7Nottingham6.28£1,007£192,381173
8Blackpool6.20£700£135,527113
9Lincoln6.16£950£185,01771
10Middlesbrough6.15£709£138,23680
11Kingston upon Hull, City of6.10£689£135,461177
12Salford6.06£1,162£229,946192
13Gosport5.98£1,154£231,68987
14Norwich5.97£1,149£231,138117
15Gateshead5.93£788£159,566137
16Liverpool5.86£897£183,581288
17Newham5.82£1,918£395,180101
18Sunderland5.74£699£146,020188
19Harlow5.72£1,514£317,80467
20Burnley5.70£620£130,44681
21Barking and Dagenham5.67£1,688£357,37571
22Bath and North East Somerset5.61£1,877£401,695159
23Coventry5.61£1,019£218,061173
24Stoke-on-Trent5.59£708£152,070160
25Slough5.56£1,571£338,90452
26Birmingham5.55£1,086£234,638535
27Gloucester5.54£1,110£240,611112
28Lambeth5.53£2,529£549,150167
29County Durham5.52£635£138,153447
30Watford5.52£1,811£393,46461
31Exeter5.51£1,313£285,836105
32South Tyneside5.51£723£157,490102
33Hyndburn5.49£639£139,76871
34Leeds5.49£1,133£247,753571
35Eastbourne5.48£1,160£253,85085
36Brighton and Hove5.45£1,822£401,535192
37Ipswich5.45£986£217,29598
38Plymouth5.45£989£217,961290
39Reading5.45£1,579£347,504118
40Dartford5.43£1,559£344,33690
41Bournemouth, Christchurch and Poole5.36£1,402£313,705332
42Sandwell5.34£939£211,148166
43Stevenage5.34£1,421£319,58053
44Crawley5.31£1,478£334,24464
45Bolton5.30£882£199,518188
46Hartlepool5.28£566£128,62373
47Worthing5.25£1,311£299,40867
48Leicester5.24£1,025£234,566153
49Boston5.23£794£182,25242 thin
50Stockton-on-Tees5.21£736£169,523151
51Wolverhampton5.20£931£214,716143
52Pendle5.19£647£149,49489
53Tameside5.19£919£212,581140
54Oldham5.18£915£211,782143
55Darlington5.16£671£156,063101
56Hastings5.16£1,007£234,39976
57Luton5.16£1,214£282,47799
58Rushmoor5.15£1,378£321,20159
59Blackburn with Darwen5.14£709£165,58297
60Hackney5.14£2,615£610,70495
61South Gloucestershire5.13£1,446£338,279250
62Rossendale5.12£810£190,02365
63St. Helens5.11£782£183,808160
64Greenwich5.10£1,949£458,284144
65North Tyneside5.10£834£196,120145
66Knowsley5.08£809£191,03166
67Sefton5.08£924£218,441243
68Islington5.04£2,811£669,23298
69Tamworth5.04£953£226,77068
70Walsall5.04£906£215,657163
71Lancaster5.03£804£191,859113
72Medway5.03£1,237£294,934204
73Thanet5.02£1,108£264,828114
74Mansfield5.01£772£184,77965
75Milton Keynes5.01£1,332£319,130222
76Southwark5.01£2,395£573,981126
77Swindon5.00£1,085£260,289188
78Peterborough4.99£978£235,190125
79Redcar and Cleveland4.99£644£154,772112
80Sheffield4.97£920£222,325395
81Bury4.96£966£233,942154
82Derby4.95£849£205,664204
83Newcastle-under-Lyme4.95£825£200,12272
84Ashfield4.94£780£189,64779
85Preston4.94£780£189,570137
86Thurrock4.94£1,355£329,278123
87North East Lincolnshire4.92£617£150,417138
88Oxford4.91£1,956£477,99673
89Colchester4.85£1,217£301,055167
90Nuneaton and Bedworth4.85£915£226,31494
91Tendring4.85£1,050£259,669149
92Broxbourne4.83£1,648£409,56962
93Torbay4.82£901£224,120110
94Wakefield4.82£791£196,949245
95Great Yarmouth4.76£825£207,76883
96Bradford4.74£742£187,920412
97Croydon4.74£1,565£396,171223
98Doncaster4.74£687£173,893249
99Rochdale4.72£827£210,401159
100Eastleigh4.71£1,208£307,708140
101West Suffolk4.71£1,176£299,796174
102Basildon4.70£1,402£357,578166
103Isle of Wight4.70£943£240,838167
104Wandsworth4.70£2,599£663,584226
105Southend-on-Sea4.69£1,282£328,246163
106Gravesham4.68£1,324£339,41365
107Telford and Wrekin4.68£853£218,940114
108Barnsley4.67£674£173,032186
109Calderdale4.66£746£192,231199
110Braintree4.65£1,230£317,697135
111Cambridge4.65£1,800£464,47661
112Hounslow4.63£1,922£498,662131
113Wirral4.63£835£216,609271
114Adur4.62£1,383£359,08942 thin
115North Northamptonshire4.62£982£255,289302
116Oadby and Wigston4.62£1,022£265,68526 thin
117Broxtowe4.61£958£249,19890
118Wigan4.61£737£191,636258
119Wyre4.61£721£187,55987
120Cumberland4.60£662£172,555271
121Worcester4.60£960£250,23984
122York4.60£1,178£307,396146
123North Somerset4.59£1,195£312,686237
124Westminster4.59£3,149£823,14595
125Enfield4.58£1,775£465,066105
126South Ribble4.57£790£207,61482
127Arun4.55£1,221£322,105169
128Fylde4.55£853£224,79183
129Solihull4.55£1,259£331,696197
130Chelmsford4.53£1,442£381,632154
131Spelthorne4.52£1,632£433,74474
132Swale4.52£1,091£289,739146
133Kirklees4.51£767£204,205320
134Bolsover4.50£697£185,78873
135Erewash4.50£832£221,84581
136Bracknell Forest4.49£1,499£400,30093
137Cheltenham4.49£1,240£331,41984
138Halton4.49£735£196,34362
139Hammersmith and Fulham4.49£2,755£735,69591
140Bexley4.47£1,525£409,197161
141Rugby4.46£1,033£278,129102
142Lewisham4.45£1,816£490,098185
143Canterbury4.44£1,268£342,754138
144Dudley4.44£847£229,142219
145Cannock Chase4.43£845£228,79071
146East Staffordshire4.43£836£226,643115
147Folkestone and Hythe4.42£1,145£310,58694
148North Warwickshire4.42£974£264,53959
149Fareham4.41£1,209£329,252104
150Tonbridge and Malling4.41£1,474£400,654111
151Woking4.41£1,615£439,59073
152Redditch4.40£900£245,62547 thin
153West Northamptonshire4.40£1,071£292,233340
154Basingstoke and Deane4.38£1,324£362,777163
155Cherwell4.38£1,289£352,839132
156Fenland4.38£832£227,71698
157Gedling4.38£891£244,11070
158Ealing4.37£2,057£564,242134
159Cheshire West and Chester4.36£966£266,076306
160Chesterfield4.36£734£201,99476
161Chorley4.34£775£214,112100
162Dover4.34£980£270,84184
163Maidstone4.34£1,286£355,607137
164Wyre Forest4.34£835£230,72490
165Brent4.33£1,990£551,32585
166Havant4.33£1,131£313,73985
167Ashford4.32£1,241£344,499135
168Cornwall4.29£1,002£280,044562
169Trafford4.29£1,359£380,181168
170Westmorland and Furness4.29£801£224,138245
171King's Lynn and West Norfolk4.27£933£262,347127
172Lewes4.27£1,322£371,206110
173Rotherham4.27£679£190,657179
174High Peak4.26£903£254,18681
175Bedford4.25£1,166£329,049121
176Somerset4.25£986£278,702513
177North Lincolnshire4.24£638£180,482152
178Dacorum4.20£1,577£450,473118
179Stockport4.20£1,095£313,136240
180Camden4.19£2,724£779,66486
181Epping Forest4.19£1,835£525,78884
182Haringey4.19£2,214£634,191112
183Hinckley and Bosworth4.19£922£263,840103
184Havering4.18£1,565£448,935191
185Merton4.18£2,097£601,45388
186Warrington4.18£882£253,161174
187Central Bedfordshire4.15£1,242£359,314244
188North Kesteven4.15£845£244,606123
189Blaby4.14£978£283,73179
190Charnwood4.13£952£276,429139
191Redbridge4.10£1,724£505,037146
192Sutton4.10£1,547£452,725121
193Bassetlaw4.09£717£210,473105
194Huntingdonshire4.09£1,046£306,554157
195Castle Point4.06£1,241£367,06879
196South Derbyshire4.06£873£258,054129
197North Hertfordshire4.04£1,415£420,29994
198Rother4.04£1,163£345,70097
199Amber Valley4.03£787£234,142121
200South Holland4.03£760£226,54188
201Stafford4.03£888£264,457142
202Tunbridge Wells4.03£1,509£449,63593
203Surrey Heath4.02£1,498£447,55897
204Waltham Forest4.02£1,758£525,276123
205West Lindsey4.02£713£212,86580
206Newark and Sherwood4.00£789£236,520111
207West Lancashire3.99£797£239,55779
208Harrow3.98£1,755£529,263105
209Hillingdon3.98£1,553£468,269135
210Reigate and Banstead3.98£1,632£492,162121
211Horsham3.97£1,449£438,340138
212Warwick3.97£1,237£373,639142
213New Forest3.96£1,237£375,204155
214Barnet3.95£1,931£586,600172
215Breckland3.95£913£277,186144
216Wealden3.94£1,260£383,636140
217East Riding of Yorkshire3.93£717£219,022326
218Cheshire East3.92£975£298,494381
219East Hertfordshire3.92£1,500£459,097139
220Lichfield3.92£1,094£335,00189
221South Kesteven3.91£837£256,911129
222Mid Sussex3.90£1,410£433,614127
223Runnymede3.90£1,571£483,91976
224Sevenoaks3.90£1,785£549,52377
225Vale of White Horse3.90£1,332£410,036112
226Wiltshire3.90£1,059£326,201428
227South Cambridgeshire3.89£1,402£432,618102
228Guildford3.88£1,716£530,980129
229Northumberland3.88£671£207,386269
230Rutland3.88£963£298,17636 thin
231Teignbridge3.88£946£292,799141
232East Lindsey3.87£687£213,086130
233Tandridge3.87£1,608£498,58474
234Staffordshire Moorlands3.86£717£223,04062
235Welwyn Hatfield3.86£1,471£457,42485
236Hertsmere3.85£1,796£559,89486
237Test Valley3.85£1,204£375,176117
238Rochford3.84£1,293£404,42955
239Winchester3.84£1,501£469,588106
240Bromley3.83£1,673£524,087252
241West Berkshire3.83£1,283£401,803119
242Dorset3.82£1,039£326,328354
243Windsor and Maidenhead3.78£1,814£575,347101
244North West Leicestershire3.77£901£286,82695
245Kingston upon Thames3.75£1,799£575,35396
246North East Derbyshire3.74£774£248,09091
247Three Rivers3.74£1,808£579,64374
248South Norfolk3.73£973£312,750132
249Cotswold3.71£1,262£407,80065
250Mid Suffolk3.71£983£317,713101
251North Yorkshire3.69£832£270,535635
252Chichester3.68£1,322£431,56476
253Brentwood3.67£1,610£526,82070
254Buckinghamshire3.67£1,473£481,940416
255South Staffordshire3.65£945£310,94085
256St Albans3.65£1,919£630,303117
257West Oxfordshire3.65£1,273£419,01291
258Tewkesbury3.64£989£326,17189
259Wokingham3.64£1,481£487,945114
260North Devon3.63£851£281,21589
261Rushcliffe3.63£1,032£340,99598
262Mid Devon3.60£872£290,96282
263East Cambridgeshire3.59£1,018£340,24973
264Epsom and Ewell3.59£1,683£562,89160
265Broadland3.58£935£313,199131
266Torridge3.58£787£264,06545 thin
267Stroud3.57£1,039£349,639119
268Babergh3.55£970£327,70383
269North Norfolk3.55£858£290,043117
270Bromsgrove3.54£979£332,10073
271Hart3.54£1,414£479,66493
272Maldon3.54£1,151£389,86469
273East Suffolk3.53£832£282,445263
274South Oxfordshire3.51£1,380£471,634107
275Richmond upon Thames3.48£2,307£794,623112
276Ribble Valley3.47£806£278,66262
277East Hampshire3.46£1,257£435,663106
278Shropshire3.44£808£282,129260
279Stratford-on-Avon3.44£1,132£394,612137
280Wychavon3.44£929£324,216116
281Forest of Dean3.43£823£287,72661
282Harborough3.41£961£338,621103
283Mole Valley3.40£1,546£545,66765
284Herefordshire, County of3.36£809£288,894144
285Kensington and Chelsea3.35£3,597£1,286,70864
286East Devon3.34£970£348,504148
287Uttlesford3.29£1,282£467,40862
288Malvern Hills3.28£941£343,98253
289West Devon3.27£837£307,32160
290Melton3.25£790£291,79252
291South Hams3.25£998£368,27274
292Waverley3.04£1,441£568,01293
293Elmbridge2.95£1,831£743,78186
294Derbyshire Dales2.84£805£340,29149 thin
Download full table (CSV)

Regional breakdown

RankRegionGross yield %Avg monthly rentAvg priceSales volume
1North East5.72£776£162,911
2North West5.28£951£216,138
3London4.97£2,290£552,655
4West Midlands4.93£964£234,635
5Yorkshire and The Humber4.93£855£207,974
6South West4.88£1,231£302,618
7East of England4.56£1,278£336,300
8East Midlands4.52£911£241,620
9South East4.50£1,414£376,819

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) — April 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