Redcar and Cleveland property market
In Redcar and Cleveland (North East) the average private rent is £645/month (ONS, May 2026) and the average house price is £154,422 (HM Land Registry, April 2026). That puts rent 53% below and house prices 43% below the UK average. The gross rental yield works out at 5.0%.
- Average rent
- £645/mo
- +3.6% YoY
- Average house price
- £154,422
- +5.1% 12m
- Gross rental yield
- 5.0%
- UK avg 6.1%
- Price-to-rent
- 20.0
- UK avg 16.3
Rent vs buy in Redcar and Cleveland
The average home in Redcar and Cleveland costs about 20.0 years of average rent (price-to-rent ratio 20.0), compared with 16.3 for the UK as a whole. On this market-level signal, buying looks relatively more expensive here than the UK average. This is an arithmetic ratio of the two official figures above — a market indicator, not personal financial advice.
Go deeper
- Rent in Redcar and Cleveland (1/2/3/4-bed breakdown)£645
- House prices in Redcar and Cleveland (by property type)£154,422
Nearby areas in North East
- County Durham£638/mo · £138,767
- Middlesbrough£707/mo · £139,005
- Sunderland£701/mo · £145,293
- Darlington£676/mo · £156,880
- South Tyneside£726/mo · £156,931
- Gateshead£790/mo · £158,885
Frequently asked questions
- What is the average rent in Redcar and Cleveland?
- The average monthly private rent in Redcar and Cleveland is £645, according to the ONS Price Index of Private Rents (May 2026), +3.6% over the past 12 months. The UK average is £1,383.
- What is the average house price in Redcar and Cleveland?
- The average house price in Redcar and Cleveland is £154,422 (HM Land Registry UK House Price Index, April 2026), +5.1% over 12 months. The UK average is £270,080.
- What is the gross rental yield in Redcar and Cleveland?
- Dividing the average annual rent (£7,740) by the average house price (£154,422) gives a gross rental yield of 5.0% in Redcar and Cleveland. This is a "gross" figure — before voids, management, maintenance and tax. The UK-average gross yield on the same basis is 6.1%.
- Is it cheaper to rent or buy in Redcar and Cleveland?
- In Redcar and Cleveland the average house price equals about 20.0 years of average rent (price-to-rent ratio 20.0). A higher ratio leans toward renting being relatively cheaper month-to-month; a lower ratio leans toward buying. The UK-average ratio is 16.3. This is a market-level signal, not personal financial advice.
Rent: Office for National Statistics — Price Index of Private Rents, UK: monthly price statistics — edition 17 June 2026, reference May 2026 (ONS PIPR). House prices: HM Land Registry — UK House Price Index (UKHPI), reference April 2026 (UKHPI). Both © Crown copyright, licensed under the Open Government Licence v3.0. Gross rental yield and price-to-rent ratio are computed from these two figures.