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Rental yield in Nottingham

Nottingham has the highest rental yield in the East Midlands: 6.4% gross.

Nottingham has one of the highest average gross rental yields in England and Wales. Relatively affordable prices against solid rents put it near the top of 316 areas for buy-to-let income return.

Over the past year, average prices in Nottingham fell 1.3% and average rents rose 1.8%.

Average gross yield

6.4%

#5 of 316 areas

Average price

£190,200

▼ 1.3% past year

Average rent

£1,014/mo

▲ 1.8% past year

Privately rented

28.6%

of 124,743 homes

Average rent by size

1 bedroom

£735/mo

↑ +1.5% / yr

2 bedrooms

£914/mo

↑ +1.7% / yr

3 bedrooms

£1,052/mo

↑ +2.3% / yr

4+ bedrooms

£1,460/mo

↑ +1.2% / yr

1 bed£735
2 beds£914
3 beds£1,052
4+ beds£1,460

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

£1,837

Band B

£2,143

Band C

£2,449

Band D

£2,755

Band E

£3,367

Band F

£3,979

Band G

£4,592

Band H

£5,510

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

Nottingham6.4%
Highest (Newcastle upon Tyne)7.0%
Typical (median)4.4%
Lowest (Derbyshire Dales)2.8%
See Nottingham on the yield map →

Deprivation (IMD 2025)

179 neighbourhoods

31% of Nottingham's neighbourhoods are in England's most deprived 10%. The typical one sits in the more deprived half of the country.

Most deprived fifth 54%Second fifth 20%Middle fifth 13%Fourth fifth 6%Least deprived fifth 7%

Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.

No Article 4 areas for Nottingham appear in the national planning dataset yet, but coverage is incomplete and directions can be council-wide, so check the exact postcode before planning an HMO.

Check on the Article 4 map →

Work out the yield on a specific property

Pre-filled with the Nottingham average. Change them for a real property.

Gross yield6.4%

That is right on the Nottingham average of 6.4%. Add costs for a net estimate.

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Nearby areas

Areas with a similar yield

Common questions

Is Nottingham a good place to buy to let?

On income alone it is among the strongest areas in England and Wales, at a 6.4% average gross yield. High-yield areas tend to see slower price growth, so it suits investors who value monthly income over long-term capital gains.

Are rents rising in Nottingham?

Over the past year, average rents in Nottingham rose 1.8% and average prices fell 1.3% (HM Land Registry and ONS, to August 2026).

Is there rental demand in Nottingham?

Rent movement is the best free proxy for tenant demand, and average rents in Nottingham rose 1.8% 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, 28.6% of Nottingham's 124,743 households rented privately (25.5% social rented, 45.1% owner occupied).

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

As of August 2026, average monthly rents in Nottingham by property size are £735 for a 1 bedroom property, £914 for a 2 bedroom property, £1,052 for a 3 bedroom property, £1,460 for a 4 or more bedroom property (ONS). The all-size average is £1,014 a month.

How much is council tax in Nottingham?

In 2026-27, the average Band D council tax in Nottingham is £2,755 a year including police and other precepts. Bills scale with the property's band: from £1,837 for Band A up to £5,510 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.

How deprived is Nottingham?

On the English Indices of Deprivation 2025, 31% of Nottingham's 179 neighbourhoods are in England's most deprived 10%, and 3% are in the least deprived 10%. The typical neighbourhood is in decile 2 of 10, where 1 is most deprived. Deprivation shifts street by street, so check the exact postcode before you offer.

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. Nottingham is at 6.4%.

Weighing up Nottingham? 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). Deprivation: MHCLG English Indices of Deprivation 2025. 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.