Rental yields›Westminster
Rental yield in Westminster
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 25.4% and average rents fell 2%.
Gross yield
4.5%
Average price
£854,198
↓ -25.4% / yr
Average rent
£3,179/mo
↓ -2% / yr
National rank
#155 of 316
Who rents here
Census 2021, 94,816 households
43.3% of homes in Westminster are private rentals.
Average rent by size
1 bedroom
£2,533/mo
↓ -1.5% / yr
2 bedrooms
£3,286/mo
↓ -1.8% / yr
3 bedrooms
£3,872/mo
↓ -2% / yr
4+ bedrooms
£5,396/mo
↓ -2.8% / yr
Average advertised rent by number of bedrooms. ONS Price Index of Private Rents (2026-07).
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.
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 4.5%. Add costs for a net estimate.
How it compares
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 4.5% 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 2% and average prices fell 25.4% (HM Land Registry and ONS, to 2026-07).
Is there rental demand in Westminster?
Average rents in Westminster fell 2% 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 2026-07, average monthly rents in Westminster by property size are £2,533 for a 1 bedroom property, £3,286 for a 2 bedroom property, £3,872 for a 3 bedroom property, £5,396 for a 4 or more bedroom property (ONS). The all-size average is £3,179 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.
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 4.5%.
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.