Best UK rental yield by area
Updated monthly · as of May 2026 rent · April 2026 price · · ONS + HM Land Registry
Which UK areas have the best rental yield right now?
As of May 2026 rent · April 2026 price, the UK-wide gross rental yield is 6.14%, from ONS average rent over HM Land Registry average price. Of 316 local authorities with both figures, Newcastle upon Tyne has the highest gross yield at 6.91% (Gera Yield Index 113, UK = 100). GeraRent re-dates this monthly.
The Gera Yield Index expresses an area's gross rental yield as a percentage of the UK-wide gross yield (6.14%), so 100 equals the UK average. See the methodology.
Calculate your rental yield
Enter a property price and monthly rent — or pre-fill from an area — to see your gross yield, indicative net yield, price-to-rent ratio and where it sits on the Gera Yield Index.
Gera Yield Index: 113 (UK average = 100) — your yield is 13% above the UK-wide gross yield of 6.14%.
Indicative net yield deducts 28% of gross rent for landlord running costs (management, maintenance, voids, insurance) — an assumption, not a source figure. Actual costs vary by property.
Area pre-fill values are real ONS rent and HM Land Registry price figures. Your inputs are used only in your browser to produce this calculation.
Highest gross rental yield by local authority
316 UK local authorities have BOTH a published ONS rent and an HM Land Registry price (joined on the ONS area code). Showing the top 40 by gross yield. Net yield is indicative (gross less 28% running costs); price-to-rent is years of gross rent to equal the price.
| # | Area | Avg price | Rent / mo | Gross yield | Net (indic.) | Price-to-rent | Gera Index |
|---|---|---|---|---|---|---|---|
| 1 | Newcastle upon Tyne | £209,071 | £1,204 | 6.91% | 4.98% | 14.5 | 113 |
| 2 | Manchester | £247,344 | £1,352 | 6.56% | 4.72% | 15.2 | 107 |
| 3 | Portsmouth | £250,377 | £1,366 | 6.55% | 4.72% | 15.3 | 107 |
| 4 | Merthyr Tydfil | £139,322 | £754 | 6.49% | 4.67% | 15.4 | 106 |
| 5 | Southampton | £234,150 | £1,250 | 6.41% | 4.62% | 15.6 | 104 |
| 6 | Bristol, City of | £353,662 | £1,883 | 6.39% | 4.60% | 15.7 | 104 |
| 7 | Tower Hamlets | £457,504 | £2,419 | 6.34% | 4.56% | 15.8 | 103 |
| 8 | Blackpool | £134,732 | £704 | 6.27% | 4.51% | 15.9 | 102 |
| 9 | Nottingham | £192,543 | £1,006 | 6.27% | 4.51% | 15.9 | 102 |
| 10 | Lincoln | £185,464 | £951 | 6.15% | 4.43% | 16.3 | 100 |
| 11 | Kingston upon Hull, City of | £135,051 | £690 | 6.13% | 4.41% | 16.3 | 100 |
| 12 | Middlesbrough | £139,005 | £707 | 6.10% | 4.39% | 16.4 | 99 |
| 13 | Norwich | £230,372 | £1,152 | 6.00% | 4.32% | 16.7 | 98 |
| 14 | Salford | £232,391 | £1,162 | 6.00% | 4.32% | 16.7 | 98 |
| 15 | Gosport | £232,020 | £1,158 | 5.99% | 4.31% | 16.7 | 98 |
| 16 | Gateshead | £158,885 | £790 | 5.97% | 4.30% | 16.8 | 97 |
| 17 | Liverpool | £183,615 | £901 | 5.89% | 4.24% | 17.0 | 96 |
| 18 | Newham | £395,266 | £1,923 | 5.84% | 4.20% | 17.1 | 95 |
| 19 | Sunderland | £145,293 | £701 | 5.79% | 4.17% | 17.3 | 94 |
| 20 | Burnley | £129,556 | £622 | 5.76% | 4.15% | 17.4 | 94 |
| 21 | Harlow | £318,143 | £1,517 | 5.72% | 4.12% | 17.5 | 93 |
| 22 | Blaenau Gwent | £142,421 | £674 | 5.68% | 4.09% | 17.6 | 93 |
| 23 | Bath and North East Somerset | £400,205 | £1,881 | 5.64% | 4.06% | 17.7 | 92 |
| 24 | Barking and Dagenham | £360,007 | £1,690 | 5.63% | 4.05% | 17.8 | 92 |
| 25 | Watford | £387,493 | £1,814 | 5.62% | 4.05% | 17.8 | 92 |
| 26 | Coventry | £218,334 | £1,017 | 5.59% | 4.02% | 17.9 | 91 |
| 27 | Slough | £338,287 | £1,575 | 5.59% | 4.02% | 17.9 | 91 |
| 28 | Stoke-on-Trent | £152,101 | £709 | 5.59% | 4.02% | 17.9 | 91 |
| 29 | South Tyneside | £156,931 | £726 | 5.55% | 4.00% | 18.0 | 90 |
| 30 | Birmingham | £235,682 | £1,088 | 5.54% | 3.99% | 18.1 | 90 |
| 31 | Gloucester | £239,323 | £1,105 | 5.54% | 3.99% | 18.0 | 90 |
| 32 | County Durham | £138,767 | £638 | 5.52% | 3.97% | 18.1 | 90 |
| 33 | Eastbourne | £252,391 | £1,162 | 5.52% | 3.97% | 18.1 | 90 |
| 34 | Leeds | £246,882 | £1,134 | 5.51% | 3.97% | 18.1 | 90 |
| 35 | Plymouth | £216,463 | £994 | 5.51% | 3.97% | 18.1 | 90 |
| 36 | Ipswich | £215,893 | £989 | 5.50% | 3.96% | 18.2 | 90 |
| 37 | Exeter | £287,013 | £1,314 | 5.49% | 3.95% | 18.2 | 89 |
| 38 | Hyndburn | £139,800 | £640 | 5.49% | 3.95% | 18.2 | 89 |
| 39 | Reading | £345,112 | £1,577 | 5.48% | 3.95% | 18.2 | 89 |
| 40 | Dartford | £345,074 | £1,562 | 5.43% | 3.91% | 18.4 | 88 |
Rental yield by property type
The same join, computed per property type (ONS rent for the type over the Land Registry price for the same type).
Frequently asked questions
- Which UK areas have the best rental yield right now?
- Newcastle upon Tyne has the highest gross rental yield in the UK at 6.91% (indicative net 4.98% after 28% running costs), from an ONS average rent of £1,204/month against a Land Registry average price of £209,071. The UK-wide gross yield is 6.14% (May 2026 rent · April 2026 price).
- What is the difference between gross and net rental yield?
- Gross rental yield is annual rent ÷ property price × 100 — a pure calculation from the two real figures. Net rental yield deducts landlord running costs (management, maintenance, voids, insurance); GeraRent applies a single, disclosed indicative assumption of 28% of gross rent, so net yield ≈ gross × 0.72. Net figures are labelled "indicative"; actual costs vary by property.
- Which UK area has the lowest rental yield?
- Derbyshire Dales has the lowest gross yield among covered areas at 2.80% — a Gera Yield Index of 46 (UK average = 100) — reflecting a high price-to-rent ratio of 35.7 years. Source: ONS rent (May 2026) and HM Land Registry price (April 2026).
- What is the price-to-rent ratio and how is it calculated?
- The price-to-rent ratio is the average property price divided by the annual rent (price ÷ rent × 12 months). It is the number of years of gross rent it would take to equal the purchase price; a lower ratio means a higher yield. Every value is computed from the real ONS and HM Land Registry figures.
- What is the Gera Yield Index?
- The Gera Yield Index expresses an area's gross rental yield as a percentage of the UK-wide gross yield (6.14%), so 100 equals the UK average and 130 means 30% above. It is computed transparently from the joined ONS rent and HM Land Registry price; the methodology is published at gerarent.com/methodology/gera-yield-index.
Related data
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Browse rental listingsSources: Office for National Statistics — Price Index of Private Rents, UK: monthly price statistics (17 June 2026 edition, reference month May 2026) and HM Land Registry — UK House Price Index (UKHPI) (April 2026). Both published under the Open Government Licence v3.0. Contains HM Land Registry data © Crown copyright and database right 2026. This data is licensed under the Open Government Licence v3.0. The Gera Yield Index, gross and indicative net yields are computed by GeraRent from these figures; methodology at /methodology/gera-yield-index.