Rental yields›London›Westminster
Rental yield in Westminster
43.3% of households in Westminster rent privately, one of the highest shares in England and Wales.
Westminster 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 Westminster fell 20.7% and average rents fell 0.6%.
Average gross yield
4.4%
#174 of 316 areas
Average price
£876,788
▼ 20.7% past year
Average rent
£3,196/mo
▼ 0.6% past year
Privately rented
43.3%
of 94,816 homes
Average rent by size
1 bedroom
£2,548/mo
↓ -0.1% / yr
2 bedrooms
£3,305/mo
↓ -0.3% / yr
3 bedrooms
£3,895/mo
↓ -0.5% / yr
4+ bedrooms
£5,424/mo
↓ -1.4% / yr
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
£700
Band B
£817
Band C
£933
Band D
£1,050
Band E
£1,283
Band F
£1,517
Band G
£1,750
Band H
£2,100
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
Deprivation (IMD 2025)
123 neighbourhoods
9% of Westminster's neighbourhoods are in England's most deprived 10%. The typical one sits in the more deprived half of the country.
Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.
14 Article 4 areas are recorded in Westminster, none of them tagged as restricting HMO conversions; 2 restrict commercial-to-residential conversions. The dataset is incomplete, 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 Westminster average. Change them for a real property.
That is right on the Westminster average of 4.4%. Add costs for a net estimate.
Nearby areas
Areas with a similar yield
Common questions
Is Westminster a good place to buy to let?
It is around the middle for rental income, at a 4.4% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Westminster?
Over the past year, average rents in Westminster fell 0.6% and average prices fell 20.7% (HM Land Registry and ONS, to August 2026).
Is there rental demand in Westminster?
Average rents in Westminster fell 0.6% over the past year (ONS), which suggests tenant demand is softening. Ask local letting agents about typical void periods before relying on the headline yield for a buy-to-let. For the size of the market: at the 2021 census, 43.3% of Westminster's 94,816 households rented privately (28.3% social rented, 27.4% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Westminster?
As of August 2026, average monthly rents in Westminster by property size are £2,548 for a 1 bedroom property, £3,305 for a 2 bedroom property, £3,895 for a 3 bedroom property, £5,424 for a 4 or more bedroom property (ONS). The all-size average is £3,196 a month.
How much is council tax in Westminster?
In 2026-27, the average Band D council tax in Westminster is £1,050 a year including police and other precepts. Bills scale with the property's band: from £700 for Band A up to £2,100 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 Westminster?
On the English Indices of Deprivation 2025, 9% of Westminster's 123 neighbourhoods are in England's most deprived 10%, and 0% are in the least deprived 10%. The typical neighbourhood is in decile 4 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. Westminster is at 4.4%.
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.