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Rental yield in Monmouthshire

Monmouthshire ranks 21 of 22 areas in Wales for rental yield, at 3.6% gross.

Monmouthshire sits in the lower half for rental yield in England and Wales, a little below the 4.4% typical figure across all 316 areas.

Over the past year, average prices in Monmouthshire rose 2.8% and average rents rose 2.3%.

Average gross yield

3.6%

#291 of 316 areas

Average price

£335,093

▲ 2.8% past year

Average rent

£994/mo

▲ 2.3% past year

Privately rented

13.6%

of 40,922 homes

Average rent by size

1 bedroom

£729/mo

↑ +2.3% / yr

2 bedrooms

£920/mo

↑ +2.2% / yr

3 bedrooms

£1,065/mo

↑ +2.6% / yr

4+ bedrooms

£1,493/mo

↑ +0.9% / yr

1 bed£729
2 beds£920
3 beds£1,065
4+ beds£1,493

Average private rent by number of bedrooms, across new and existing tenancies. ONS Price Index of Private Rents (August 2026).

Council tax bands (2026-27)

Band A

£1,611

Band B

£1,879

Band C

£2,148

Band D

£2,416

Band E

£2,953

Band F

£3,490

Band G

£4,027

Band H

£4,832

Band I

£5,637

Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.

How it compares

Monmouthshire3.6%
Highest (Newcastle upon Tyne)7.0%
Typical (median)4.4%
Lowest (Derbyshire Dales)2.8%
See Monmouthshire on the yield map →
Wales runs its own letting rules. Landlords must register and be licensed with Rent Smart Wales, tenancies are occupation contracts under the Renting Homes (Wales) Act 2016, purchases pay Land Transaction Tax rather than stamp duty, and councils can charge a council tax premium on second homes. England's Renters' Rights Act and landlord register don't apply. All 22 Welsh areas ranked.

Work out the yield on a specific property

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Gross yield3.6%

That is right on the Monmouthshire average of 3.6%. Add costs for a net estimate.

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Nearby areas

Torfaen 5.2%Newport 5.0%Blaenau Gwent 5.7%Caerphilly 4.5%Merthyr Tydfil 5.8%Cardiff 5.2%All 22 in Wales →

Areas with a similar yield

Epsom and Ewell 3.6%St Albans 3.6%Kensington and Chelsea 3.6%Wokingham 3.5%Maldon 3.5%Forest of Dean 3.5%
Work out a specific dealCheck this areaAll Welsh areas ranked

Common questions

Is Monmouthshire a good place to buy to let?

It is around the middle for rental income, at a 3.6% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.

Are rents rising in Monmouthshire?

Over the past year, average rents in Monmouthshire rose 2.3% and average prices rose 2.8% (HM Land Registry and ONS, to August 2026).

Is there rental demand in Monmouthshire?

Rent movement is the best free proxy for tenant demand, and average rents in Monmouthshire rose 2.3% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 13.6% of Monmouthshire's 40,922 households rented privately (14% social rented, 71.9% owner occupied).

What is the average rent for a 1, 2 or 3 bedroom property in Monmouthshire?

As of August 2026, average monthly rents in Monmouthshire by property size are £729 for a 1 bedroom property, £920 for a 2 bedroom property, £1,065 for a 3 bedroom property, £1,493 for a 4 or more bedroom property (ONS). The all-size average is £994 a month.

How much is council tax in Monmouthshire?

In 2026-27, the average Band D council tax in Monmouthshire is £2,416 a year including police and other precepts. Bills scale with the property's band: from £1,611 for Band A up to £5,637 for Band I. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.

What is a good rental yield in the UK?

As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Monmouthshire is at 3.6%.

Weighing up Monmouthshire? Ask people who invest there in the free Housetrix Discord, or browse every area ranked by yield.

Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (July 2026). Average rent: ONS Price Index of Private Rents (August 2026). Regions: ONS. Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.