Average Rent, House Prices and Buy-to-Let Yield in Erewash (July 2026)
The average private rent in Erewash is £834 a month (ONS, July 2026) and the average house price £217,901 (HM Land Registry, June 2026): a gross yield of 4.6%, ranked 133 of 316 local authorities.
Rent in Erewash
The average private rent across all property types is £834 a month (+2.1% on a year earlier). The regional median in the East Midlands is £857.
| Property | Per month | Per year |
|---|---|---|
| 1 bedroom | £601 | £7,212 a year |
| 2 bedrooms | £789 | £9,468 a year |
| 3 bedrooms | £949 | £11,388 a year |
| 4+ bedrooms | £1,312 | £15,744 a year |
The bedroom ladder in Erewash: one to two bedrooms adds 31.3% to the rent, two to three adds 20.3% and three to four-plus adds 38.3% (England-and-Wales medians 27.3%, 20.9% and 40.9%). The biggest step here is three to four or more bedrooms — the size where an extra room earns most, and the first place to look when comparing a conversion against its cost.
House prices in Erewash
The average price paid is £217,901 (+2.4% on a year earlier).
| Type | Average price |
|---|---|
| Detached | £320,517 |
| Semi-detached | £214,177 |
| Terraced | £167,256 |
| Flat | £102,851 |
Rents and prices moved together in Erewash — +2.1% and +2.4% over the year — so the gross yield on offer is roughly where it was twelve months ago. Erewash ranks 253rd of 316 local authorities for rent growth and 173rd of 316 for price growth; the England-and-Wales medians are +3.8% and +2.8%.
Gross yield by property type in Erewash
| Type | Rent / month | Average price | Gross yield | E&W median |
|---|---|---|---|---|
| Flat | £789 | £102,851 | 9.2% | 7.5% |
| Terraced house | £949 | £167,256 | 6.8% | 5.7% |
| Semi-detached | £949 | £214,177 | 5.3% | 4.6% |
| Detached | £1,312 | £320,517 | 4.9% | 4.1% |
On these pairings the strongest gross yield in Erewash is on flats at 9.2%, against an England-and-Wales median of 7.5% for that type; the weakest is detached. Gross figures ignore service charges, which usually make flats the thinnest net yield of the four.
What that means for a landlord
- Gross yield 4.6% (rent × 12 ÷ price) — rank 133 of 316 local authorities; the regional median is 4.2%. Net yield is lower once mortgage interest, insurance, maintenance and voids come off.
- Tenant affordability: referencing at 30× means a household income of about £25,020 a year for the average rent.
- EPC before 2030: 55% of EPCs lodged in Erewash over the last year were below band C — the level a rented home needs by 1 October 2030 — with 47% at D (EPC ratings in Erewash).
- Council tax: Band D in Erewash is £2,361 for 2026/27 (council tax in Erewash).
Lender maths on the averages. At a 5.5% stress rate and 145% rent cover — the common buy-to-let convention — the average rent of £834 supports a loan of about £125,492, which is 57.6% of the average price. That falls short of 75% loan-to-value, so a buyer of an average home here needs a larger deposit or a stronger rent to pass the stress test. Both numbers are conventions rather than rules — change them in the stress test.
Run the numbers for Erewash
- Yield calculator with £217,901 and £834 already filled in
- Mortgage stress test at 75% LTV on the average price
- Rent affordability: the income a tenant needs to reference at £834 a month
- Rental income tax on £10,008 a year of rent
Nearest neighbours by yield, in the East Midlands
| Area | Rent | Price | Yield | Rent 12m |
|---|---|---|---|---|
| Mansfield | £788 | £192,359 | 4.9% | +4% |
| Oadby and Wigston | £1,025 | £259,734 | 4.7% | +4.1% |
| North Northamptonshire | £988 | £256,610 | 4.6% | +5.5% |
| Chesterfield | £754 | £199,439 | 4.5% | +2.4% |
| Bolsover | £710 | £188,025 | 4.5% | +5.5% |
| Broxtowe | £945 | £253,021 | 4.5% | −0.9% |
All 316 areas ranked · council tax in Erewash · EPC ratings in Erewash.
Rents: ONS, Price Index of Private Rents (average monthly private rent by local authority, July 2026). Prices: HM Land Registry UK House Price Index (average price, June 2026). Gross yield = rent × 12 ÷ price, our calculation. Contains public sector information licensed under the Open Government Licence v3.0; contains HM Land Registry data © Crown copyright and database right 2026. Rankings and medians are ours, across 316 local authorities.
Asked about this area
£834 a month across all property types (ONS Price Index of Private Rents, July 2026), up 2.1% on a year earlier.
£217,901 (HM Land Registry UK House Price Index, June 2026).
About 4.6% gross on the averages — £834 rent against a £217,901 price — ranking 133 of 316 local authorities. Net yield depends on your mortgage and costs.
Flats on our pairing: 9.2% gross (£789 rent on a £102,851 price), against an England-and-Wales median of 7.5% for that type.
Rents +2.1% against prices +2.4% over the year — moving together, so yield is broadly stable.
Referencing at 30 times the monthly rent points to roughly £25,020 a year of household income for the average home; the affordability calculator shows 24× and 36× too.
Postcode districts in Erewash
Council tax bands, sold prices and build periods for each district — all DE postcodes · all NG postcodes.