Rental yields›North East›Redcar and Cleveland
Rental yield in Redcar and Cleveland
Redcar and Cleveland ranks 9 of 12 areas in the North East for rental yield, at 5.1% gross.
Redcar and Cleveland sits in the upper half for rental yield in England and Wales, a bit above the 4.4% typical figure across all 316 areas.
Over the past year, average prices in Redcar and Cleveland rose 4.2% and average rents rose 1%.
Average gross yield
5.1%
#67 of 316 areas
Average price
£151,341
▲ 4.2% past year
Average rent
£644/mo
▲ 1% past year
Privately rented
15.8%
of 61,638 homes
Average rent by size
1 bedroom
£457/mo
↑ +1% / yr
2 bedrooms
£609/mo
↑ +1.1% / yr
3 bedrooms
£723/mo
↑ +1.1% / yr
4+ bedrooms
£1,057/mo
↑ +0.3% / yr
Average private rent by number of bedrooms, across new and existing tenancies. ONS Price Index of Private Rents (August 2026).
Council tax bands (2026-27)
Band A
£1,696
Band B
£1,979
Band C
£2,261
Band D
£2,544
Band E
£3,109
Band F
£3,675
Band G
£4,240
Band H
£5,088
Average annual bill for the area, including police and other precepts (MHCLG and Welsh Government, 2026-27). Community precepts vary, and the band is set by the property, so check the exact band on gov.uk.
How it compares
Deprivation (IMD 2025)
88 neighbourhoods
25% of Redcar and Cleveland's neighbourhoods are in England's most deprived 10%. The typical one sits in the more deprived half of the country.
Fifths of England, most to least deprived (MHCLG IMD 2025). It shifts street by street, so check a specific postcode.
No Article 4 areas for Redcar and Cleveland appear in the national planning dataset yet, but coverage is incomplete and directions can be council-wide, so check the exact postcode before planning an HMO.
Check on the Article 4 map →Work out the yield on a specific property
Pre-filled with the Redcar and Cleveland average. Change them for a real property.
That is right on the Redcar and Cleveland average of 5.1%. Add costs for a net estimate.
Nearby areas
Areas with a similar yield
Common questions
Is Redcar and Cleveland a good place to buy to let?
It is around the middle for rental income, at a 5.1% average gross yield. Whether it works depends on the specific property, so always run the actual numbers.
Are rents rising in Redcar and Cleveland?
Over the past year, average rents in Redcar and Cleveland rose 1% and average prices rose 4.2% (HM Land Registry and ONS, to August 2026).
Is there rental demand in Redcar and Cleveland?
Rent movement is the best free proxy for tenant demand, and average rents in Redcar and Cleveland rose 1% over the past year (ONS), which points to tenants competing for available stock. Still ask local letting agents about typical void periods before committing to a buy-to-let there. For the size of the market: at the 2021 census, 15.8% of Redcar and Cleveland's 61,638 households rented privately (18.9% social rented, 64.7% owner occupied).
What is the average rent for a 1, 2 or 3 bedroom property in Redcar and Cleveland?
As of August 2026, average monthly rents in Redcar and Cleveland by property size are £457 for a 1 bedroom property, £609 for a 2 bedroom property, £723 for a 3 bedroom property, £1,057 for a 4 or more bedroom property (ONS). The all-size average is £644 a month.
How much is council tax in Redcar and Cleveland?
In 2026-27, the average Band D council tax in Redcar and Cleveland is £2,544 a year including police and other precepts. Bills scale with the property's band: from £1,696 for Band A up to £5,088 for Band H. Community precepts vary within the area, so treat these as area averages and check the exact band and bill with the council.
How deprived is Redcar and Cleveland?
On the English Indices of Deprivation 2025, 25% of Redcar and Cleveland's 88 neighbourhoods are in England's most deprived 10%, and 7% are in the least deprived 10%. The typical neighbourhood is in decile 4 of 10, where 1 is most deprived. Deprivation shifts street by street, so check the exact postcode before you offer.
What is a good rental yield in the UK?
As a rough guide, under 4% is low, 5 to 6% is typical, and above 6.5% is high. Redcar and Cleveland is at 5.1%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (July 2026). Average rent: ONS Price Index of Private Rents (August 2026). Deprivation: MHCLG English Indices of Deprivation 2025. Regions: ONS. Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.