Property investment stats for Redcar, North East

• The average rental yield of 7.0% is very attractive for investors seeking income, especially in the top-performing postcode district TS10, which matches this yield.
• Affordability is a key strength, with a price-to-income ratio of 3.8 and relatively low asking prices for both 3-bedroom houses (£180,000) and 2-bedroom flats (£65,000).
• Properties are selling quickly, with a median time on market of 35 days, and at asking price, suggesting healthy demand and good liquidity.

• The degree-educated and professional population is in the lower percentiles nationally (21st and 15th respectively), which could affect long-term growth prospects.
• Capital growth over the past year has changed by -0.1%, which may concern investors focused on short-term appreciation.
• The unemployment rate is in the 80th percentile nationally, indicating a higher-than-average local unemployment risk.

Looking ahead, I expect Redcar to continue attracting investors who prioritise yield and affordability over rapid capital growth. The strong rental market, reflected in a rent-to-income ratio of 22.6%, should support stable tenant demand, particularly for lower-priced flats and family homes.

The area's liquidity, shown by properties selling at asking price and moving quickly, gives me confidence in its resilience even if national conditions become more challenging. However, the lower proportion of degree-educated and professional residents may limit the pace of capital appreciation in the medium term. Overall, Redcar looks set to offer solid income returns and steady demand, but investors should be realistic about long-term growth potential.