Rental yields›Preston
Rental yield in Preston
Preston sits in the upper half for rental yield in England and Wales, a bit above the 4.4% typical figure across all 316 areas.
Over the past year, average prices in Preston rose 12.4% and average rents rose 6.2%.
Gross yield
5%
Average price
£187,709
↑ +12.4% / yr
Average rent
£788/mo
↑ +6.2% / yr
National rank
#84 of 316
Who rents here
Census 2021, 59,607 households
22.4% of homes in Preston are private rentals.
Average rent by size
1 bedroom
£578/mo
↑ +6.2% / yr
2 bedrooms
£729/mo
↑ +6.1% / yr
3 bedrooms
£856/mo
↑ +6.4% / yr
4+ bedrooms
£1,247/mo
↑ +5.4% / yr
Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).
Council tax bands (2026-27)
Band A
£1,717
Band B
£2,004
Band C
£2,290
Band D
£2,576
Band E
£3,148
Band F
£3,721
Band G
£4,293
Band H
£5,152
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.
Work out the yield on a specific property
Pre-filled with the Preston average. Change them for a real property.
That is right on the Preston average of 5%. Add costs for a net estimate.
How it compares
Areas with a similar yield
Common questions
Is Preston a good place to buy to let?
It is around the middle for rental income, at a 5% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Preston?
Over the past year, average rents in Preston rose 6.2% and average prices rose 12.4% (HM Land Registry and ONS, to 2026-07).
Is there rental demand in Preston?
Rent movement is the best free proxy for tenant demand, and average rents in Preston rose 6.2% 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, 22.4% of Preston's 59,607 households rented privately (18.4% social rented, 58.3% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Preston?
As of 2026-07, average monthly rents in Preston by property size are £578 for a 1 bedroom property, £729 for a 2 bedroom property, £856 for a 3 bedroom property, £1,247 for a 4 or more bedroom property (ONS). The all-size average is £788 a month.
How much is council tax in Preston?
In 2026-27, the average Band D council tax in Preston is £2,576 a year including police and other precepts. Bills scale with the property's band: from £1,717 for Band A up to £5,152 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.
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. Preston is at 5%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (01/06/2026). Average rent: ONS Price Index of Private Rents (2026-07). Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.