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. 

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