Gross rental yields in the UK: 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 $3,592 4.91%
London avg. Rental Yields 5.59%
MANCHESTER - Apartments COST ($) 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
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).