Gross rental yields in the United Kingdom: London and 7 other cities
The average gross rental yield in the United Kingdom stands at 7.03% (2024, Q2). Previously, in Q3, 2023 the average gross rental yield stood at 7.14%.
- London
- Manchester
- Liverpool
- Birmingham
- Edinburgh
- Glasgow
- Bristol
- Leeds
| Last Updated: May. 06, 2024 | |||
| LONDON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Westminster | |||
| Studio | $514,446 | $3,263 | 7.61% |
| 1-Bedroom | $545,882 | $3,765 | 8.28% |
| 2-Bedroom | $1,568,625 | $5,955 | 4.56% |
| 3-Bedroom | $2,635,290 | $8,157 | 3.71% |
| 4+Bedroom | $4,956,855 | $11,991 | 2.90% |
| Wandsworth | |||
| Studio | $564,705 | $2,698 | 5.73% |
| 1-Bedroom | $564,705 | $3,200 | 6.80% |
| 2-Bedroom | $847,058 | $4,643 | 6.58% |
| 3-Bedroom | $1,123,136 | $5,960 | 6.37% |
| 4+Bedroom | $1,694,115 | $6,275 | 4.44% |
| Tower Hamlets | |||
| Studio | $501,960 | $2,447 | 5.85% |
| 1-Bedroom | $564,705 | $2,824 | 6.00% |
| 2-Bedroom | $752,940 | $3,702 | 5.90% |
| 3-Bedroom | $941,175 | $4,392 | 5.60% |
| 4+Bedroom | $784,313 | $4,392 | 6.72% |
| Lambeth | |||
| Studio | $451,764 | $2,061 | 5.47% |
| 1-Bedroom | $533,333 | $2,822 | 6.35% |
| 2-Bedroom | $690,195 | $3,388 | 5.89% |
| 3-Bedroom | $878,430 | $3,765 | 5.14% |
| Barnet | |||
| Studio | $332,549 | $1,631 | 5.89% |
| 1-Bedroom | $407,843 | $2,008 | 5.91% |
| 2-Bedroom | $596,078 | $2,573 | 5.18% |
| 3-Bedroom | $894,744 | $3,388 | 4.54% |
| 4+Bedroom | $1,003,920 | $4,706 | 5.63% |
| Southwark | |||
| Studio | $439,215 | $2,510 | 6.86% |
| 1-Bedroom | $539,607 | $2,761 | 6.14% |
| 2-Bedroom | $721,568 | $3,627 | 6.03% |
| 3-Bedroom | $1,003,920 | $4,455 | 5.33% |
| 4+Bedroom | $941,175 | $4,785 | 6.10% |
| Camden | |||
| Studio | $501,960 | $2,093 | 5.00% |
| 1-Bedroom | $690,195 | $3,132 | 5.45% |
| 2-Bedroom | $1,047,842 | $4,263 | 4.88% |
| 3-Bedroom | $1,568,625 | $7,069 | 5.41% |
| 4+Bedroom | $2,503,526 | $7,586 | 3.64% |
| Ealing | |||
| Studio | $439,215 | $1,757 | 4.80% |
| 1-Bedroom | $470,588 | $2,196 | 5.60% |
| 2-Bedroom | $627,387 | $2,757 | 5.27% |
| 3-Bedroom | $878,367 | $3,592 | 4.91% |
| London avg. Rental Yields | 5.60% | ||
| MANCHESTER - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| Studio | $156,863 | $1,254 | 9.59% |
| 1-Bedroom | $241,192 | $1,506 | 7.49% |
| 2-Bedroom | $376,407 | $1,882 | 6.00% |
| 3-Bedroom | $464,313 | $2,573 | 6.65% |
| Salford | |||
| Studio | $149,333 | $1,192 | 9.58% |
| 1-Bedroom | $225,882 | $1,412 | 7.50% |
| 2-Bedroom | $351,372 | $1,757 | 6.00% |
| 3-Bedroom | $476,862 | $2,447 | 6.16% |
| Trafford | |||
| 1-Bedroom | $213,332 | $1,318 | 7.41% |
| 2-Bedroom | $343,215 | $1,757 | 6.14% |
| 3-Bedroom | $712,783 | $3,075 | 5.18% |
| Manchester avg. Rental Yields | 7.06% | ||
| LIVERPOOL - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| Studio | $90,353 | $924 | 12.27% |
| 1-Bedroom | $188,235 | $1,035 | 6.60% |
| 2-Bedroom | $250,980 | $1,506 | 7.20% |
| 3-Bedroom | $470,581 | $1,882 | 4.80% |
| Liverpool (all locations) | |||
| Studio | $79,686 | $924 | 13.91% |
| 1-Bedroom | $181,961 | $984 | 6.49% |
| 2-Bedroom | $238,431 | $1,380 | 6.95% |
| 3-Bedroom | $363,921 | $1,631 | 5.38% |
| Liverpool avg. Rental Yields | 8.18% | ||
| BIRMINGHAM - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| Studio | $156,863 | $1,123 | 8.59% |
| 1-Bedroom | $219,608 | $1,192 | 6.51% |
| 2-Bedroom | $326,274 | $1,599 | 5.88% |
| 3-Bedroom | $552,156 | $2,824 | 6.14% |
| Birmingham (all locations) | |||
| Studio | $156,863 | $1,049 | 8.03% |
| 1-Bedroom | $188,235 | $1,192 | 7.60% |
| 2-Bedroom | $276,078 | $1,569 | 6.82% |
| 3-Bedroom | $439,215 | $2,364 | 6.46% |
| Birmingham avg. Rental Yields | 7.23% | ||
| EDINBURGH - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Edinburgh North | |||
| 1-Bedroom | $263,529 | $1,475 | 6.71% |
| 2-Bedroom | $376,470 | $1,920 | 6.12% |
| 3-Bedroom | $495,686 | $2,824 | 6.84% |
| City Center | |||
| 1-Bedroom | $276,078 | $1,569 | 6.82% |
| 2-Bedroom | $426,666 | $2,027 | 5.70% |
| 3-Bedroom | $621,176 | $2,918 | 5.64% |
| Edinburgh avg. Rental Yields | 6.30% | ||
| GLASGOW - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Glasgow (all locations) | |||
| 1-Bedroom | $138,039 | $1,067 | 9.27% |
| 2-Bedroom | $213,327 | $1,500 | 8.44% |
| 3-Bedroom | $312,470 | $2,008 | 7.71% |
| 4+Bedroom | $527,058 | $3,765 | 8.57% |
| Glasgow avg. Rental Yields | 8.50% | ||
| BRISTOL - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Bristol (all locations) | |||
| 1-Bedroom | $250,980 | $1,631 | 7.80% |
| 2-Bedroom | $376,470 | $2,008 | 6.40% |
| 3-Bedroom | $658,823 | $2,936 | 5.35% |
| Bristol avg. Rental Yields | 6.52% | ||
| LEEDS - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Leeds (all locations) | |||
| 1-Bedroom | $156,863 | $1,123 | 8.59% |
| 2-Bedroom | $238,431 | $1,500 | 7.55% |
| 3-Bedroom | $501,960 | $1,876 | 4.49% |
| Leeds avg. Rental Yields | 6.87% | ||
| All yields are gross - i.e., before taxes, repair costs, ground rents, estate agents fees, and any other costs. Net yields (what you'll really earn) are typically around 1.5% to 2% lower. Source: Global Property Guide and Rightmove |
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United Kingdom's Historic Rental Yield Data
Research Methodology: To conduct this research, we searched for studio, 1-bedroom, 2-bedroom, 3-bedroom, and 4+bedroom apartments in the largest cities of the United Kingdom. We used the local website for both buying and renting prices to determine the average gross rental yields (Monthly Rent x 12 / Purchase Price).
For instance, if the monthly rent is $500 and the purchase price is $100,000, the calculation would be: $500 (Monthly Rent) x 12 / $100,000 (Purchase Price) = 6% (Gross Rental Yield).