Rental DataYorkshire and the Humber

Average Rent in Wakefield

Current average monthly rents for 1–4 bedroom properties in Wakefield, with weekly ranges and listing volumes. Data sourced from PropertyData.co.uk.

£7762-bed avg/month
9.9%Best yield (1-bed)
80Active listings
01

Average Monthly Rents in Wakefield by Bedroom Type

The table below shows current average rents across Wakefield, based on live rental listings. The 70th-percentile range gives the weekly rent band covering the middle 70% of the market.

BedroomsAvg WeeklyAvg Monthly70% Range (weekly)Annual RentListings
1-bed£160/wk£693£138 – £177/wk£8,31620
2-bed£179/wk£776£162 – £196/wk£9,31220
3-bed£216/wk£936£207 – £254/wk£11,23220
4-bed£323/wk£1,400£242 – £438/wk£16,80020

Source: PropertyData.co.uk (sampled from town centre). Updated April 2026.

02

Rent vs Yield: Which Bedroom Type Performs Best?

Higher rent does not always mean higher yield. The table below compares monthly rent against asking price to reveal which bedroom type delivers the best return on investment in Wakefield.

BedroomsMonthly RentAsking PriceGross YieldAnnual Income
1-bed BEST YIELD£693£83,9909.9%£8,316
2-bed £776£157,2505.9%£9,312
3-bed £936£269,9994.2%£11,232
4-bed £1,400£365,9504.6%£16,800
9.9% gross yieldBest-performing: 1-bed at £693/month
Gross vs net yield. These figures are gross yields (annual rent ÷ asking price). Net yield — after void periods, maintenance, insurance, management fees, and Section 24 tax restrictions — is typically 1.5–2.5% lower. Use our Rental Yield Calculator for custom calculations.
03

Detailed Breakdown by Bedroom Type

1-Bedroom

9.9% yield
Weekly rent£160/wk
Monthly rent£693/mo
Annual rent£8,316
70% range£138 – £177/wk
Avg asking price£83,990
Active listings20

2-Bedroom

5.9% yield
Weekly rent£179/wk
Monthly rent£776/mo
Annual rent£9,312
70% range£162 – £196/wk
Avg asking price£157,250
Active listings20

3-Bedroom

4.2% yield
Weekly rent£216/wk
Monthly rent£936/mo
Annual rent£11,232
70% range£207 – £254/wk
Avg asking price£269,999
Active listings20

4-Bedroom

4.6% yield
Weekly rent£323/wk
Monthly rent£1,400/mo
Annual rent£16,800
70% range£242 – £438/wk
Avg asking price£365,950
Active listings20
04

What Landlords Should Know About Renting in Wakefield

Wakefield is primarily a professional rental market. Demand tends to be steadier year-round compared to student towns, with families and young professionals forming the core tenant base.

HMO licensing: Wakefield Council does not currently operate Additional or Selective Licensing schemes across most of the district. Only standard mandatory HMO licensing applies (5+ occupants from 2+ households). This makes Wakefield one of the lighter licensing regimes in West Yorkshire.

Setting the right rent. Pricing at the 70th-percentile range (not the average) typically gives the best balance of occupancy speed and income. Overpricing by even 5-10% can significantly increase void periods, which erodes annual yield more than the higher monthly rent compensates for.

For the full investment picture — including stamp duty costs, yield analysis, and area recommendations — see our complete Wakefield investment guide.

Frequently Asked Questions

Quick answers to the most common questions about this topic.

Related Pages

Buy-to-Let in WakefieldFull investment guide with yieldsStamp Duty in WakefieldSDLT calculations at local pricesRental Yield CalculatorCalculate yield at any price point

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Disclaimer: Rental data is sourced from PropertyData.co.uk and reflects current listing averages, not guaranteed achievable rents. Actual rents depend on property condition, exact location, furnishing, and market conditions at the time of letting. This does not constitute financial or investment advice.