Rental Investing in Belfast, N. Ireland
2026 Market Data & Investment Analysis
Gross Yield
6.2%
Annual rent / price
Median Home Price
£185,000
As of 2026-Q1
Median Monthly Rent
£950
Per month
Population
341,000
+0.5% / yr (5y avg)
Calculate Your Return in Belfast
Pre-filled with Belfast's median values. Adjust to match your specific property.
Property Details
Total acquisition cost before taxes
HOA, insurance, property management
% of time the property is empty
% of purchase price (e.g. 2% = 2)
Rule of thumb: 1% of purchase price/yr
Results
Gross Rental Yield
6.16%
Net Rental Yield
3.56%
Cap Rate
3.56%
Monthly Cash Flow
£548.33
Annual Cash Flow
£6,580.00
Market Overview
Median Home Price — 5-Year Trend
Median Monthly Rent — 5-Year Trend
Belfast provides solid rental yields of 6.2%, in line with healthy investment market benchmarks.
Modest population growth of 0.5% per year indicates a stable but slowly growing rental market.
The vacancy rate of 3.5% is healthy, indicating strong rental demand and limited downtime between tenants.
Investment Profile
Belfast is a cash flow-focused market where high rental yields can generate strong monthly income. Lower population growth means price appreciation may be limited, making this primarily an income play.
✓ Strengths
- •High gross yield of 6.2% supports strong monthly cash flow
- •Lower entry prices relative to rents reduce upfront capital needed
- •Income-driven returns are less dependent on market timing
! Risks
- •Limited price appreciation potential reduces total return
- •Modest population growth limits long-term demand growth
Key Metrics
How Belfast Compares
Belfast vs Glasgow: 0.3 percentage point difference in gross yield.
| City | Median Price | Median Rent | Gross Yield | Pop. Growth |
|---|---|---|---|---|
| Glasgow, Scotland | £185,000 | £1,000 | 6.5% | +0.3% |
| Edinburgh, Scotland | £280,000 | £1,300 | 5.6% | +0.9% |
| Liverpool, England | £170,000 | £900 | 6.4% | +0.2% |
| Manchester, England | £230,000 | £1,100 | 5.7% | +1.1% |
| Newcastle, England | £175,000 | £850 | 5.8% | +0.1% |
Frequently Asked Questions
Is rental investing profitable in Belfast?▾
What is the average rental yield in Belfast?▾
How does Belfast compare to Glasgow for investors?▾
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Data source: UK Land Registry / ONS. Last updated: 2026-Q1. This information is for educational purposes only and does not constitute investment advice.