TS3Redcar and Cleveland

Redcar & Cleveland Coast

Redcar & Cleveland Coast investment guide. Average gross yield 8.4%, landlord's market rental demand.

8.4%avg gross yield

£81kavg sold price (382 sales, 12mo)

Landlord's marketrental demand

Article 4: No· Permitted development applies

Last updated April 2026

Average Gross Yield

8.4%

-0.9% vs Redcar and Cleveland avg (9.3%)

Average Asking Price

£80,703

high confidence (382 sales)

Est. Monthly Rent

£575

2-bed · 3-bed £685 · 8.6% yield

Price Per Sq Ft

£107

City avg £141/sqft · 34 below average

Estimated Rent by Bedroom Count

Average asking rent and gross yield per bedroom count in TS3

1-bed

£451

per month

8.2% yield

2-bed

£575

per month

8.6% yield

3-bed

£685

per month

9.9% yield

4-bed

£802

per month

9.8% yield

Ownership mix

TS3 vs UK average · 16,017 dwellings · Source: ONS Census 2021

High social-rent share: 41% socially rented (23pp higher than the UK average of 17%).

Owned outrightNo mortgage on the property

19.8%(UK 32.9%)

-13.1pp vs UK

Owned with mortgageIncluding shared ownership

18.1%(UK 29.7%)

-11.6pp vs UK

Privately rented (BTL)Private landlord or letting agent

21.6%(UK 20.3%)

+1.3pp vs UK

Socially rentedCouncil or housing association

40.5%(UK 17.1%)

+23.4pp vs UK

Black tick = UK average. ONS Census 2021, TS054 (Tenure of household).

Yield by Property Type

Gross yield breakdown across property types in TS3

PropertyData.co.uk

Type	Gross Yield	Avg Price	Avg Rent/mo
Terraced →	10.7%	£70,304	£625
Semi-detached →	8.4%	£91,148	£635
Detached →	4.7%	£170,827	£670
Flat →	7.0%	£79,383	£464

Explore by strategy

Live data for each property type across Redcar and Cleveland.

HMO Terraced Semi-detached Detached Flats Student lets New build Strategy primers →

About Redcar & Cleveland Coast (TS3, Redcar and Cleveland)

TS3 attracts property investors primarily through its strong gross yield of 8.4%, significantly above many UK regional averages. The landlord's market conditions indicate robust rental demand, creating favourable conditions for consistent occupancy and rental growth potential.

The tenant demographic spans across all property sizes, with rental stock ranging from one-bedroom properties at £451 monthly to four-bedroom homes at £802 monthly. This diverse range suggests a mixed tenant base including young professionals, families, and working-age renters seeking affordable accommodation near the coast.

Investors should note the zero percentage change across all bedroom categories, which warrants investigation into local market dynamics and whether rental rates are experiencing stagnation. Additionally, the £0 average asking price data suggests incomplete market information, requiring thorough local research before making investment decisions in this postcode area.

Sold Price Trend - TS3

Average sold price, last 8 quarters

+4.0% over 2 years

Flip Activity - TS3

Same property bought and sold within 18 months, last 24 months

→ vs prior 24 months

Flips

last 24 months

Median uplift*

+0.0%

after HPI adjust

Median hold

0 mo

Flip rate

0.0%

of all sales

Recent case studies

tunstall street

Terraced

Bought May 24

£46k

Sold Sept 25

£60k

17 mo+20.1%*

Gross 30.4%

cottingham drive

Terraced

Bought Jul 24

£40k

Sold Feb 25

£120k

8 mo+188.7%*

Gross 200.0%

thomas street

Terraced

Bought Apr 24

£36k

Sold Nov 24

£53k

6 mo+39.7%*

Gross 49.3%

* Real uplift after ONS regional House Price Index adjustment. Freehold and leasehold included; leasehold flips flagged as lease-extension status is not verifiable from public data. Source: HM Land Registry Price Paid Data.

Planning & Licensing - TS3

Restrictions that affect HMO and buy-to-let investors in this postcode district

✓

Article 4 Direction (HMO)Not in effect

HMOs of up to 6 occupants (C4 use class) can be created without planning permission in this area.

✓

Selective LicensingNot in effect

✓

Additional HMO LicensingNot in effect

Planning restriction data not yet verified for this area.

Planning information is for guidance only. Always verify with the local planning authority before purchasing. Data correct as of April 2026.

Nearby Postcodes

Adjacent areas with comparable investment profiles

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9 Marham Close, Middlesbrough, North Yorkshire TS3 0JE
TS3 · 3-bed · AH UK
£60,000
11 Aug