Rental yields›Redcar and Cleveland
Rental yield in Redcar and Cleveland
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 5.1% and average rents rose 3.6%.
Gross yield
5%
Average price
£154,422
↑ +5.1% / yr
Average rent
£645/mo
↑ +3.6% / yr
National rank
#78 of 316
Work out the yield on a specific property
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That is right on the Redcar and Cleveland average of 5%. Add costs for a net estimate.
How it compares
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% 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 3.6% and average prices rose 5.1% (HM Land Registry and ONS, to 2026-05).
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%.
Gross yield = annual rent divided by average price. Average price: HM Land Registry UK HPI (01/04/2026). Average rent: ONS Price Index of Private Rents (2026-05). Local-authority averages across all property types, indicative only. Contains public sector information licensed under the Open Government Licence v3.0. Not investment advice.