Hartlepool Buy-to-Let Guide

According to housesforsaletorent.co.uk, the average monthly rent in Hartlepool is £510 PCM, which is significantly lower than the UK average rent of £1,273 PCM, as outlined by the latest HomeLet Rental Index.

Despite relatively low rental figures, affordable prices in Hartlepool mean the area could result in some healthy rental yields for UK buy-to-let property investors. In November 2023, digital mortgage lender Molo reported that Hartlepool and Stockton-on-Tees averaged around 7.90%, representing one of the best residential areas in England.

Looking for the best area to invest in Hartlepool?

Among the standout postcodes is TS24. A diverse area with a range of attractions, such as the Museum of Hartlepool, TS24 also covers Wynyard, as well as Hartlepool.

TS25 is a more rural region known for its walking trails and farming industry. Popular reservoirs like Cowpen Bewley and Wynward Wood also provide views across Teeside, attracting many tourists and birdwatchers. There are also strong transport links within the postcode, with Stockton-on-Tees offering frequent bus connections to Middlesbrough and the surrounding areas, as well as a train service between Billingham and Middlesborough.

Another highlight is TS26. Despite being one of the smallest postcodes in the Teesside region, the residential areas of Billingham and Wolviston are some of the most popular with tenants due to their excellent primary and secondary schools, as well as a wide range of local amenities and outdoor activities.

TS27 offers plenty of green spaces, leisure facilities and robust transport connections. Home to the Helmstone Business Park and the Coulby Newham Centre, the region is a popular and vibrant area, particularly for young families.

TS24

Average Property Prices in TS24

The average property price in this area is £103,375.

Average Rental Yield in TS24

The average rental yield in this area is 5.80%

Average Property Prices in TS26

The average property price in this area is £176,978.

Average Rental Yield in TS26

The average rental yield in this area is 3.60%

Strong Transport Links

Hartlepool is well connected by road, with the A19 dual carriageway running west of the town, providing access to major cities like Sunderland and Newcastle.

The town is also within a reasonable distance from multiple airports – Durham Tees Valley Airport is around 30 minutes away by car, with Newcastle International Airport and Leeds Bradford Airport around an hour away.

Hartlepool Train Station has links to Newcastle, Middlesbrough, and Darlington, from which passengers can connect to the national rail network and access other major UK cities and towns.

Further Reading: Learn more about investment properties for sale in Darlington with our recent buy-to-let area insights!

Future Economic Growth

Collaborations between businesses, schools and the local council aim to boost regional infrastructure and ensure workers have the necessary resources to thrive in evolving job markets.

For example, the Hartlepool Inclusive Growth Strategy 2022- 2025 focuses on three points – developing people, developing businesses and developing the region.

Developed by the council in conjunction with the Hartlepool Economic Growth, Regeneration & Tourism Forum and local businesses, the strategy is also working towards the introduction of a “Production Village” creative quarter around the Northern Film and TV Studios in Lynn Street, on the site of the Northern School of Art.

Whilst new-builds can be a lucrative strategy, certain disadvantages, namely higher upfront costs, may discourage investors.

However, one way to offset these fees is to invest in off-plan property.

This method refers to buying properties before they have been constructed, usually at a rate below standard market prices. Many investors are drawn to off-plan property due to the potential for significant capital gains between the time of purchase and eventual completion, as well as payment plans that can make for a more affordable and accessible investment.

Like most newly built properties, particularly those in popular areas, off-plan properties can see high levels of rental demand. Typically, this demand outpaces supply, which can lead to substantial rental income and capital growth.

As mentioned, there are fewer new-build/off-plan developments available in Hartlepool compared to other regions in the UK. Investors looking to get involved with these strategies will potentially see better results in more densely populated cities.

More Info: Gain further insights into these trends with our latest buy-to-let guides, covering off-plan property in Warrington and the best UK investment opportunities!