The average rental yields in Manchester vary greatly depending on the area.
Overall, the city has affordable property compared to other regions such as London and the South East. It also has very high rental demand and a chronic undersupply of available properties, which pushes the average renting costs higher. This combines to create the conditions for some healthy rental yields.
Taking average property prices from a recent report by Rightmove and average rental costs from housesforsaletorent.co.uk, Manchester’s average gross rental yield can be calculated as 5.55%. The figure for the whole of Greater Manchester is higher, standing at 6.41%.
Here are the postcodes with the highest rental yields in Manchester based on our research:
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