Property Data OutlookRedcar and Cleveland
Data from Land Registry, ONS, Bank of England
Compare with another area →Market outlook for Redcar and Cleveland
Key indicators for buyers
The Redcar and Cleveland market looks favourable for buyers. Affordability has improved from a peak of 5.8x in 2021 to 4.7x today. Rising rents (£636/mo, +4.5%) mean the cost of waiting is real.
Price trends
Average sale prices · HM Land Registry / UK HPI
Affordability ratio
House price ÷ median earnings · ONS data
A home in Redcar and Cleveland costs 4.7x the local median salary — relatively affordable, improving from a peak of 5.8x in 2021.
Rental trends
Average monthly rent · ONS Private Rental Index
Average monthly rent in Redcar and Cleveland is £636, up 4.5% year-on-year. Rents have risen consistently over the past five years.
Monthly mortgage
2yr fixed · 75% LTV · 25yr term · BoE avg. rate
Based on the average Redcar and Cleveland price of £148,936 with a 25% deposit (£37k), a 2-year fixed mortgage at 3.97% costs around £588 per month.
Rent vs buy snapshot
Monthly cost comparison based on current data
Monthly mortgage payments (£588) are £48 less than renting (£636). However, buying requires an upfront deposit of £37k — it would take around 8 years to recoup that cost compared to renting and investing the difference.
Recent sales
Latest transactions · HM Land Registry Price Paid Data
| Address | Type | Price | Date |
|---|---|---|---|
19, SHAW CRESCENT TS6 7LW | Semi-detached | £108,000 | 26 Jan 2026 |
4, ELLIOTT STREET TS10 1SN | Terraced | £77,500 | 23 Jan 2026 |
27, CHURCH STREET, MARSKE BY THE SEA TS11 7ND | Terraced | £164,500 | 23 Jan 2026 |
2, ROYAL YORK APARTMENTS, COATHAM ROAD TS10 1RN | Flat/Maisonette | £35,000 | 23 Jan 2026 |
35, UPLEATHAM STREET TS12 1JX | Terraced | £227,500 | 22 Jan 2026 |
4, ST JOSEPHS COURT TS10 1SZ | Semi-detached | £115,000 | 22 Jan 2026 |
55, ST GERMAINS LANE, MARSKE BY THE SEA TS11 7AA |
Explore postcodes in Redcar and Cleveland
6postcode districts · Click for detailed prices
Data sources (all free & public): HM Land Registry Price Paid Data & UK House Price Index · ONS Housing Affordability Ratios · ONS Private Rental Index · Bank of England Quoted Household Interest Rates · HMRC Monthly Property Transactions
Contains HM Land Registry data © Crown copyright and database right 2021. This data is licensed under the Open Government Licence v3.0.