UKPP RENTAL YIELD INDEX

UKPP Rental Yield Index

May 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
4.45Median gross yield %
Newcastle upon Tyne — 6.98%Highest gross yield
Derbyshire Dales — 2.82%Lowest gross yield
7Thin-flagged
0Excluded

Highest gross yields

  1. 1Newcastle upon Tyne£1,204 / £207,0296.98%
  2. 2Manchester£1,352 / £247,4696.56%
  3. 3Tower Hamlets£2,419 / £444,3326.53%
  4. 4Portsmouth£1,366 / £252,3256.50%
  5. 5Bristol, City of£1,883 / £354,9246.37%
  6. 6Southampton£1,250 / £235,7576.36%
  7. 7Nottingham£1,006 / £190,8066.33%
  8. 8Blackpool£704 / £133,9196.31%
  9. 9Kingston upon Hull, City of£690 / £133,4856.20%
  10. 10Middlesbrough£707 / £138,1226.14%

Lowest gross yields

  1. 284Forest of Dean£823 / £289,6713.41%
  2. 285East Devon£973 / £344,3473.39%
  3. 286Herefordshire, County of£809 / £286,9953.38%
  4. 287Malvern Hills£940 / £337,5583.34%
  5. 288Harborough£962 / £346,2783.33%
  6. 289South Hams£1,000 / £363,6033.30%
  7. 290Melton£791 / £288,5133.29%
  8. 291Uttlesford£1,283 / £480,7333.20%
  9. 292Waverley£1,445 / £567,2143.06%
  10. 293Elmbridge£1,831 / £750,1572.93%

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 Tyne6.98£1,204£207,029175
2Manchester6.56£1,352£247,469289
3Tower Hamlets6.53£2,419£444,332154
4Portsmouth6.50£1,366£252,325127
5Bristol, City of6.37£1,883£354,924393
6Southampton6.36£1,250£235,757176
7Nottingham6.33£1,006£190,806173
8Blackpool6.31£704£133,919113
9Kingston upon Hull, City of6.20£690£133,485177
10Middlesbrough6.14£707£138,12280
11Lincoln6.11£951£186,72271
12Salford6.03£1,162£231,153192
13Gateshead5.97£790£158,765137
14Gosport5.87£1,158£236,66087
15Liverpool5.85£901£184,670288
16Norwich5.82£1,152£237,629117
17Harlow5.81£1,517£313,49767
18Burnley5.76£622£129,64381
19Sunderland5.76£701£145,921188
20Slough5.73£1,575£329,71352
21Newham5.70£1,923£405,002101
22Barking and Dagenham5.62£1,690£360,88971
23Stoke-on-Trent5.62£709£151,355160
24Birmingham5.61£1,088£232,657535
25Exeter5.61£1,314£281,197105
26County Durham5.58£638£137,167447
27Eastbourne5.57£1,162£250,52385
28Bath and North East Somerset5.56£1,881£406,169159
29Dartford5.56£1,562£337,33390
30Lambeth5.56£2,527£545,315167
31Hyndburn5.55£640£138,47771
32Coventry5.54£1,017£220,410173
33Leeds5.52£1,134£246,699571
34Watford5.51£1,814£395,36061
35Gloucester5.48£1,105£242,097112
36South Tyneside5.47£726£159,318102
37Plymouth5.44£994£219,145290
38Ipswich5.40£989£219,71898
39Brighton and Hove5.39£1,816£403,999192
40Reading5.39£1,577£351,267118
41Sandwell5.39£940£209,354166
42Stevenage5.38£1,426£317,94853
43Boston5.34£796£179,02742 thin
44Bournemouth, Christchurch and Poole5.34£1,404£315,473332
45Leicester5.34£1,024£230,107153
46Crawley5.33£1,482£333,66264
47Bolton5.29£883£200,126188
48Tameside5.26£920£209,691140
49Worthing5.26£1,311£299,29867
50Stockton-on-Tees5.24£738£169,010151
51Knowsley5.18£814£188,72766
52St. Helens5.18£790£182,923160
53Wolverhampton5.18£934£216,339143
54Hackney5.17£2,622£608,47095
55Luton5.17£1,217£282,65399
56Oldham5.17£917£212,997143
57Pendle5.17£652£151,42789
58Blackburn with Darwen5.16£711£165,43797
59Darlington5.16£676£157,239101
60Hartlepool5.13£561£131,34273
61Rossendale5.12£808£189,24365
62South Gloucestershire5.11£1,450£340,401250
63Hastings5.10£1,006£236,87976
64Walsall5.09£908£214,032163
65Medway5.08£1,238£292,653204
66Islington5.07£2,828£669,87998
67Greenwich5.05£1,952£463,436144
68Preston5.03£782£186,418137
69North Tyneside5.02£838£200,392145
70Lancaster5.01£807£193,434113
71Sefton5.01£928£222,406243
72Sheffield5.01£922£220,804395
73Thurrock5.01£1,366£327,028123
74Ashfield5.00£785£188,42379
75North East Lincolnshire5.00£618£148,294138
76Redcar and Cleveland5.00£645£154,696112
77Rushmoor5.00£1,380£330,95459
78Swindon5.00£1,089£261,170188
79Peterborough4.99£981£235,773125
80Derby4.98£852£205,425204
81Thanet4.97£1,109£267,616114
82Broxbourne4.96£1,665£403,02962
83Oxford4.96£1,958£473,46773
84Southwark4.96£2,394£578,683126
85Mansfield4.95£779£188,71865
86Milton Keynes4.94£1,336£324,767222
87Newcastle-under-Lyme4.92£826£201,52472
88Torbay4.90£908£222,289110
89Bury4.87£967£238,266154
90Colchester4.87£1,211£298,257167
91Great Yarmouth4.87£833£205,31683
92Tamworth4.86£938£231,48868
93Tendring4.86£1,051£259,697149
94Nuneaton and Bedworth4.85£916£226,53894
95Wakefield4.83£794£197,140245
96Bradford4.78£746£187,452412
97Doncaster4.78£689£172,857249
98Rochdale4.78£829£208,286159
99Isle of Wight4.76£946£238,456167
100Calderdale4.75£750£189,509199
101Croydon4.75£1,572£396,760223
102West Suffolk4.75£1,177£297,440174
103Telford and Wrekin4.74£856£216,685114
104Basildon4.73£1,410£357,972166
105Wandsworth4.73£2,599£659,547226
106Eastleigh4.72£1,210£307,883140
107Barnsley4.70£678£173,077186
108Southend-on-Sea4.70£1,287£328,939163
109Gravesham4.67£1,328£341,47265
110Oadby and Wigston4.67£1,024£263,38026 thin
111Cambridge4.64£1,805£467,02861
112Hounslow4.63£1,933£501,326131
113Wirral4.63£838£217,407271
114Wyre4.63£726£188,17587
115Cumberland4.62£666£173,130271
116Braintree4.60£1,232£321,485135
117North Northamptonshire4.60£984£256,769302
118North Somerset4.60£1,197£312,303237
119Worcester4.60£965£251,70384
120York4.59£1,182£308,786146
121Enfield4.57£1,788£469,164105
122Wigan4.57£741£194,494258
123Hammersmith and Fulham4.56£2,770£729,40791
124Cheltenham4.55£1,249£329,18384
125Spelthorne4.55£1,631£429,91674
126Arun4.54£1,224£323,532169
127Chelmsford4.54£1,445£382,131154
128Westminster4.54£3,163£836,33195
129Rugby4.53£1,038£274,942102
130Bolsover4.52£704£186,90873
131Broxtowe4.52£955£253,56790
132Halton4.52£738£195,81362
133Kirklees4.52£775£205,971320
134Fylde4.50£858£228,73783
135South Ribble4.50£793£211,40682
136Bexley4.49£1,528£408,585161
137Cannock Chase4.49£848£226,76171
138Solihull4.49£1,260£336,572197
139Dover4.48£1,012£271,26384
140East Staffordshire4.48£838£224,622115
141Folkestone and Hythe4.48£1,161£311,16394
142Erewash4.46£834£224,50981
143Fareham4.46£1,213£326,107104
144Adur4.45£1,383£373,08242 thin
145Bracknell Forest4.45£1,490£401,88693
146Redditch4.45£904£243,58547 thin
147Swale4.45£1,091£294,113146
148Dudley4.44£849£229,616219
149Fenland4.44£835£225,72598
150Canterbury4.42£1,276£346,674138
151Lewisham4.40£1,821£496,774185
152North Warwickshire4.40£975£265,74259
153Tonbridge and Malling4.40£1,479£403,227111
154West Northamptonshire4.40£1,072£292,495340
155Woking4.40£1,618£441,43573
156Maidstone4.39£1,290£352,309137
157Brent4.38£2,005£548,89585
158Chesterfield4.36£738£203,11076
159Chorley4.36£779£214,636100
160Cheshire West and Chester4.35£974£268,449306
161Ealing4.35£2,060£568,887134
162Gedling4.35£892£246,12070
163Ashford4.33£1,243£344,404135
164Cherwell4.32£1,289£357,800132
165Havant4.32£1,135£315,07885
166Basingstoke and Deane4.31£1,317£366,291163
167Cornwall4.30£1,003£279,722562
168High Peak4.28£907£254,48981
169Lewes4.28£1,323£370,799110
170Hinckley and Bosworth4.27£926£260,282103
171King's Lynn and West Norfolk4.27£935£262,525127
172North Lincolnshire4.26£645£181,761152
173Merton4.25£2,114£597,13888
174Rotherham4.24£679£192,309179
175Westmorland and Furness4.24£805£227,987245
176Somerset4.23£990£280,768513
177Central Bedfordshire4.22£1,247£354,320244
178Bedford4.21£1,168£332,893121
179West Lindsey4.21£728£207,42480
180Wyre Forest4.20£821£234,41390
181Blaby4.19£982£281,45979
182Haringey4.19£2,212£633,853112
183Sutton4.18£1,550£445,451121
184Warrington4.18£885£253,937174
185West Lancashire4.18£799£229,54779
186Dacorum4.17£1,579£454,770118
187Redbridge4.17£1,725£495,947146
188Trafford4.16£1,362£393,244168
189Bassetlaw4.15£718£207,844105
190Stockport4.15£1,100£318,163240
191Havering4.14£1,564£452,798191
192Epping Forest4.13£1,842£535,68284
193North Kesteven4.12£828£241,121123
194Camden4.11£2,759£805,83786
195Charnwood4.11£955£278,883139
196Huntingdonshire4.10£1,047£306,605157
197North Hertfordshire4.09£1,421£416,73594
198Castle Point4.08£1,249£367,23779
199Tandridge4.08£1,622£476,83274
200Newark and Sherwood4.07£794£234,266111
201Rother4.07£1,165£343,52997
202Reigate and Banstead4.06£1,636£483,340121
203Stafford4.06£891£263,494142
204Warwick4.05£1,238£366,942142
205Waltham Forest4.03£1,763£524,337123
206Tunbridge Wells4.02£1,517£452,28693
207Amber Valley4.01£789£236,305121
208Breckland4.01£920£275,544144
209South Derbyshire4.01£874£261,231129
210South Cambridgeshire4.00£1,407£422,363102
211Hillingdon3.99£1,557£467,887135
212Harrow3.98£1,759£530,021105
213Guildford3.97£1,728£522,008129
214Horsham3.96£1,455£440,863138
215New Forest3.96£1,240£375,728155
216South Holland3.96£762£231,15688
217Surrey Heath3.96£1,508£457,45497
218South Kesteven3.95£838£254,647129
219Mid Sussex3.94£1,415£430,711127
220Test Valley3.94£1,215£370,329117
221Barnet3.93£1,934£590,583172
222East Hertfordshire3.92£1,503£460,485139
223East Lindsey3.92£694£212,312130
224East Riding of Yorkshire3.92£721£220,913326
225Runnymede3.92£1,575£482,17076
226Vale of White Horse3.92£1,333£407,966112
227Welwyn Hatfield3.92£1,482£453,55285
228Rutland3.91£964£295,69336 thin
229Wealden3.91£1,266£388,501140
230Lichfield3.90£1,096£337,17589
231Northumberland3.90£679£209,135269
232Wiltshire3.90£1,064£327,384428
233Cheshire East3.89£979£302,367381
234Sevenoaks3.88£1,790£553,75277
235West Berkshire3.86£1,290£400,698119
236Hertsmere3.85£1,802£562,26186
237Bromley3.83£1,675£524,638252
238Dorset3.83£1,041£326,381354
239Staffordshire Moorlands3.80£716£226,24962
240North West Leicestershire3.79£905£286,82695
241Winchester3.79£1,505£476,639106
242Rochford3.78£1,296£411,36755
243Teignbridge3.78£951£302,202141
244Three Rivers3.76£1,809£576,94274
245South Norfolk3.75£981£314,302132
246Mid Suffolk3.74£994£318,641101
247Tewkesbury3.74£1,020£327,41089
248Windsor and Maidenhead3.73£1,818£584,743101
249Kingston upon Thames3.71£1,803£582,40396
250North Yorkshire3.70£833£270,320635
251Cotswold3.69£1,255£408,43365
252Torridge3.67£787£257,05245 thin
253West Oxfordshire3.67£1,277£417,24691
254Mid Devon3.66£873£285,94182
255Rushcliffe3.66£1,033£338,30198
256South Staffordshire3.66£945£309,92385
257Brentwood3.65£1,613£530,08870
258Buckinghamshire3.65£1,477£485,824416
259North Devon3.65£845£277,86789
260North East Derbyshire3.65£774£254,78791
261Chichester3.64£1,325£436,31276
262St Albans3.62£1,925£638,489117
263Wokingham3.59£1,482£495,261114
264Babergh3.58£972£325,40783
265Broadland3.58£939£314,426131
266East Suffolk3.58£834£279,914263
267Maldon3.58£1,151£385,34269
268Epsom and Ewell3.57£1,690£568,75560
269Stroud3.57£1,039£348,815119
270Bromsgrove3.56£979£330,19473
271East Cambridgeshire3.54£1,024£347,02073
272South Oxfordshire3.52£1,381£470,720107
273North Norfolk3.51£860£293,640117
274Richmond upon Thames3.51£2,305£788,872112
275Wychavon3.50£938£321,348116
276Hart3.49£1,418£486,88293
277Shropshire3.48£813£280,739260
278Stratford-on-Avon3.47£1,135£392,880137
279Mole Valley3.44£1,548£540,64365
280East Hampshire3.43£1,260£440,217106
281Kensington and Chelsea3.43£3,591£1,255,56764
282Ribble Valley3.43£810£283,32562
283West Devon3.42£839£294,78260
284Forest of Dean3.41£823£289,67161
285East Devon3.39£973£344,347148
286Herefordshire, County of3.38£809£286,995144
287Malvern Hills3.34£940£337,55853
288Harborough3.33£962£346,278103
289South Hams3.30£1,000£363,60374
290Melton3.29£791£288,51352
291Uttlesford3.20£1,283£480,73362
292Waverley3.06£1,445£567,21493
293Elmbridge2.93£1,831£750,15786
294Derbyshire Dales2.82£805£343,04949 thin
Download full table (CSV)

Regional breakdown

RankRegionGross yield %Avg monthly rentAvg priceSales volume
1North East5.68£776£163,933
2North West5.22£954£219,506
3London5.05£2,294£544,814
4West Midlands4.95£966£233,957
5Yorkshire and The Humber4.93£856£208,549
6South West4.89£1,234£302,559
7East Midlands4.56£914£240,758
8East of England4.54£1,280£338,224
9South East4.46£1,418£381,311

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) — May 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