Gross rental yields in the United Kingdom: London and 7 other cities
The average gross rental yield in the United Kingdom stands at 6.73% (Q4 2024). Previously, in Q2 2024 the rental yield was 7.02%.
Cities compared
- London
- Manchester
- Liverpool
- Birmingham
- Edinburgh
- Glasgow
- Bristol
- Leeds
Historical rental yields in the United Kingdom
View the full rental yield dataset (2023 - Present)
| Last Updated: Dec. 16, 2024 Next Update: June 2025 |
|||
| LONDON - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Westminster | |||
| Studio | $501,650 | $2,794 | 6.68% |
| 1-Bedroom | $889,000 | $3,852 | 5.20% |
| 2-Bedroom | $1,587,500 | $6,054 | 4.58% |
| 3-Bedroom | $2,921,000 | $8,970 | 3.69% |
| 4+Bedroom | $6,032,500 | $12,465 | 2.48% |
| Wandsworth | |||
| Studio | $555,625 | $2,272 | 4.91% |
| 1-Bedroom | $603,250 | $3,026 | 6.02% |
| 2-Bedroom | $889,000 | $4,445 | 6.00% |
| 3-Bedroom | $1,241,425 | $5,715 | 5.52% |
| 4+Bedroom | $1,670,000 | $6,223 | 4.47% |
| Tower Hamlets | |||
| Studio | $571,183 | $2,366 | 4.97% |
| 1-Bedroom | $571,500 | $2,889 | 6.07% |
| 2-Bedroom | $779,780 | $3,810 | 5.86% |
| 3-Bedroom | $1,047,750 | $4,445 | 5.09% |
| Lambeth | |||
| Studio | $449,300 | $1,905 | 5.09% |
| 1-Bedroom | $546,100 | $2,422 | 5.32% |
| 2-Bedroom | $762,000 | $3,175 | 5.00% |
| 3-Bedroom | $942,975 | $3,937 | 5.01% |
| Barnet | |||
| Studio | $311,150 | $1,651 | 6.37% |
| 1-Bedroom | $412,750 | $2,096 | 6.09% |
| 2-Bedroom | $584,200 | $2,667 | 5.48% |
| 3-Bedroom | $889,000 | $3,556 | 4.80% |
| 4+Bedroom | $1,682,750 | $6,826 | 4.87% |
| Southwark | |||
| Studio | $482,600 | $2,667 | 6.63% |
| 1-Bedroom | $539,750 | $2,667 | 5.93% |
| 2-Bedroom | $762,000 | $3,429 | 5.40% |
| 3-Bedroom | $952,500 | $3,912 | 4.93% |
| Camden | |||
| Studio | $444,500 | $2,201 | 5.94% |
| 1-Bedroom | $685,800 | $3,274 | 5.73% |
| 2-Bedroom | $1,047,750 | $4,445 | 5.09% |
| 3-Bedroom | $1,587,500 | $7,154 | 5.41% |
| 4+Bedroom | $2,667,000 | $8,890 | 4.00% |
| Ealing | |||
| Studio | $380,968 | $1,746 | 5.50% |
| 1-Bedroom | $463,550 | $2,096 | 5.43% |
| 2-Bedroom | $615,950 | $2,921 | 5.69% |
| 3-Bedroom | $825,500 | $3,747 | 5.45% |
| London (all locations) | |||
| Studio | $482,600 | $2,201 | 5.47% |
| 1-Bedroom | $590,550 | $2,877 | 5.85% |
| 2-Bedroom | $882,650 | $4,001 | 5.44% |
| 3-Bedroom | $1,333,500 | $5,484 | 4.93% |
| 4+Bedroom | $3,492,500 | $11,007 | 3.78% |
| London avg. Rental Yields | 5.10% | ||
| MANCHESTER - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| Studio | $153,664 | $1,391 | 10.86% |
| 1-Bedroom | $243,967 | $1,524 | 7.50% |
| 2-Bedroom | $381,000 | $2,159 | 6.80% |
| 3-Bedroom | $482,600 | $2,858 | 7.11% |
| Salford | |||
| Studio | $158,687 | $1,316 | 9.95% |
| 1-Bedroom | $241,237 | $1,461 | 7.27% |
| 2-Bedroom | $367,030 | $1,778 | 5.81% |
| 3-Bedroom | $472,440 | $2,769 | 7.03% |
| Trafford | |||
| 1-Bedroom | $215,900 | $1,397 | 7.76% |
| 2-Bedroom | $342,900 | $1,715 | 6.00% |
| 3-Bedroom | $768,350 | $2,350 | 3.67% |
| Manchester (all locations) | |||
| Studio | $153,664 | $1,238 | 9.67% |
| 1-Bedroom | $228,600 | $1,397 | 7.33% |
| 2-Bedroom | $353,378 | $1,715 | 5.82% |
| 3-Bedroom | $469,900 | $2,477 | 6.33% |
| 4+-Bedroom | $996,950 | $3,412 | 4.11% |
| Manchester avg. Rental Yields | 6.65% | ||
| LIVERPOOL - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| Studio | $88,900 | $972 | 13.12% |
| 1-Bedroom | $196,850 | $1,143 | 6.97% |
| 2-Bedroom | $254,000 | $1,461 | 6.90% |
| 3-Bedroom | $507,994 | $2,134 | 5.04% |
| Liverpool (all locations) | |||
| Studio | $82,550 | $953 | 13.85% |
| 1-Bedroom | $188,944 | $1,016 | 6.45% |
| 2-Bedroom | $241,300 | $1,334 | 6.63% |
| 3-Bedroom | $368,300 | $1,683 | 5.48% |
| Liverpool avg. Rental Yields | 8.11% | ||
| BIRMINGHAM - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| City Center | |||
| Studio | $160,338 | $1,143 | 8.55% |
| 1-Bedroom | $227,013 | $1,270 | 6.71% |
| 2-Bedroom | $327,660 | $1,651 | 6.05% |
| 3-Bedroom | $628,650 | $2,534 | 4.84% |
| Birmingham (all locations) | |||
| Studio | $148,590 | $1,062 | 8.58% |
| 1-Bedroom | $203,200 | $1,226 | 7.24% |
| 2-Bedroom | $279,400 | $1,588 | 6.82% |
| 3-Bedroom | $412,750 | $2,299 | 6.68% |
| Birmingham avg. Rental Yields | 7.33% | ||
| EDINBURGH - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Edinburgh North | |||
| 1-Bedroom | $285,750 | $1,461 | 6.14% |
| 2-Bedroom | $396,875 | $1,905 | 5.76% |
| 3-Bedroom | $609,600 | $2,534 | 4.99% |
| City Center | |||
| 1-Bedroom | $330,200 | $1,524 | 5.54% |
| 2-Bedroom | $495,300 | $2,026 | 4.91% |
| 3-Bedroom | $730,250 | $2,791 | 4.59% |
| Edinburgh avg. Rental Yields | 5.32% | ||
| GLASGOW - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Glasgow (all locations) | |||
| 1-Bedroom | $152,400 | $1,143 | 9.00% |
| 2-Bedroom | $228,600 | $1,524 | 8.00% |
| 3-Bedroom | $365,125 | $1,905 | 6.26% |
| 4+Bedroom | $507,365 | $3,302 | 7.81% |
| Glasgow avg. Rental Yields | 7.77% | ||
| BRISTOL - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Bristol (all locations) | |||
| 1-Bedroom | $254,000 | $1,588 | 7.50% |
| 2-Bedroom | $374,650 | $2,096 | 6.71% |
| 3-Bedroom | $596,900 | $3,029 | 6.09% |
| Bristol avg. Rental Yields | 6.77% | ||
| LEEDS - Apartments | COST ($) | YIELD (p.a.) | |
| TO BUY | MONTHLY RENT | ||
| Leeds (all locations) | |||
| 1-Bedroom | $165,100 | $1,106 | 8.04% |
| 2-Bedroom | $241,300 | $1,461 | 7.27% |
| 3-Bedroom | $469,837 | $1,986 | 5.07% |
| Leeds avg. Rental Yields | 6.79% | ||
| 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 |
|||
Research Methodology:
Our rental yield analysis is conducted biannually to ensure up-to-date insights. We assess 1-bedroom, 2-bedroom, 3-bedroom across the largest cities in the United Kingdom, comparing median rental prices with median purchase prices to determine gross rental yields.
We source data from a leading local property platform, capturing both asking rents and list prices to reflect current market conditions. The gross rental yield is calculated using the following formula:
(Median Monthly Rent × 12) ÷ Median Purchase Price × 100
For example, if the median monthly rent is €500 and the median purchase price is €100,000, the yield is calculated as:
(€500 × 12) ÷ €100,000 = 6% Gross Rental Yield
Note: NET yields vary from country to country, but are usually 1.5-2% lower.
Stay updated with global real estate markets
Get the data behind 88 countries for $99 per month.
Latest Market Reports
Rental Yields
House Price Indices
Rent Price Indices
Square Meter Prices
Median Property Prices
Median Rent Prices
Mortgage Rates
Property Taxes
Quarterly Trackers
Quarterly Market Overviews