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Rental yields›Wales

Rental yields in Wales

Wales has 22 local authorities and the gap between them matters: average gross rental yields run from 3.2% in Powys up to 6.2% in Merthyr Tydfil, around a typical 4.4%. Every figure below is computed from official data: HM Land Registry average prices (01/06/2026) and ONS average rents (2026-07).

Highest (Merthyr Tydfil)

6.2%

Typical (median)

4.4%

Lowest (Powys)

3.2%

Rental yields: all 22 Welsh areas, ranked

AreaYield
1.Merthyr Tydfil6.2%2.Blaenau Gwent5.6%3.Rhondda Cynon Taf5.4%4.Cardiff5.2%5.Torfaen5.2%6.Neath Port Talbot5.1%7.Newport5%8.Swansea4.9%9.Flintshire4.5%10.Caerphilly4.5%11.Conwy4.4%12.Bridgend4.4%13.Denbighshire4.3%14.Wrexham4.3%15.Gwynedd4.2%16.Carmarthenshire4.2%17.Vale of Glamorgan4%18.Pembrokeshire3.9%19.Ceredigion3.7%20.Isle of Anglesey3.6%21.Monmouthshire3.6%22.Powys3.2%

Gross yield = annual rent divided by average price. Tap any area for prices, rents by bedroom count, council tax bands (2026-27) and the local tenure split.

Investing in Wales is a different rulebook

The yields above read the same as England's, but the letting regime does not. Landlords in Wales must register and be licensed through Rent Smart Wales before letting or managing a property. Welsh tenancies are occupation contracts under the Renting Homes (Wales) Act 2016, not assured tenancies, so England's Renters' Rights Act, its Section 13 process and the new PRS database do not apply in Wales. Council tax on second homes can also carry a premium of up to 300% depending on the council. Always check the Welsh rules before applying England-based advice.

See Wales on the yield mapWork out a specific dealCheck a Welsh postcode

Common questions

Which area of Wales has the highest rental yield?

Merthyr Tydfil, at a 6.2% average gross yield, from an average price of £146,611 and average rent of £755 a month. It ranks 11 of 316 areas across England and Wales.

What is a typical rental yield in Wales?

The median across the 22 Welsh areas is 4.4%, ranging from 3.2% in Powys to 6.2% in Merthyr Tydfil.

Is Wales good for buy-to-let?

Several Welsh areas beat the England and Wales median on income, helped by affordable prices. But the rules differ: Rent Smart Wales registration and licensing is mandatory, tenancies are occupation contracts rather than assured tenancies, and England's Renters' Rights Act and PRS database do not apply. Judge the regime alongside the yield.

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.