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Hartlepool Buy-to-Let Guide

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    Everything You Need to Know About Hartlepool Buy-to-Let

    Hartlepool is a seaside and port town located in County Durham, renowned for its rich maritime heritage.

    But how does it fair as a UK buy-to-let hotspot?

    The following guide will analyse the latest market trends, from the latest property prices to individual area breakdowns.

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      Buy-to-Let Property Prices in Hartlepool

      According to Rightmove, the average property price in Hartlepool over the last year was £154,773 – over £125,000 cheaper than the overall UK average price (as per the latest UK House Price Index).

      Overall, as of April 2024, sold prices in Hartlepool over the last 12 months were 4% lower compared to 2023 and 3% down on the 2021 peak average of £158,933.

      However, is this trend set to continue?

      According to Savills, capital values in the North East region are projected to rise by 21.4% over the next five years, one of the highest projections recorded for the UK.

      Learn More: Want to find the best buy-to-let locations? Our insights explore the latest UK hotspots and the top property investment types!

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      Buy-to-Let Rental Market in Hartlepool

      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.

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      Investment Properties for Sale in Hartlepool

      From commercial properties to bungalows and semi-detached residential homes, a range of investment properties are for sale in Hartlepool.

      The majority of sales in the region over the last year were terraced properties, selling for an average price of £90,130. Semi-detached properties sold for an average of £153,879, with detached properties fetching £291,723.

      Further Reading: Found your next investment property? Use our buy-to-let rental income calculator to find out your potential returns!

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        Buy-to-Let Investment in Hartlepool: Area Breakdown

        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%

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          TS25

          Average Property Prices in TS25

          The average property price in this area is £136,680.

          Average Rental Yield in TS25

          The average rental yield in this area is 4.23%

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          TS26

          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%

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            TS27

            Average Property Prices in TS27

            The average property price in this area is £119,921.

            Average Rental Yield in TS27

            The average rental yield in this area is 5.16%

            (Average property prices were taken from Rightmove in early 2024; gross rental yield estimates were calculated with figures from housesforsaletorent.co.uk in the same period)

            What is the Best Area of Hartlepool to Invest in?

            Comparatively, TS24 offers the region’s most affordable price and the highest yields. The area is also 7 minutes away from Hartlepool College of Further Education by car, which could be valuable for those looking to target the young professional/student demographic.

            Why You Should Consider a Buy-to-Let Investment in Hartlepool

            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.

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            Hartlepool New-Builds

            A new-build is a residential property that has recently been constructed and has never been occupied before.

            Newly built properties offer investors a variety of appealing benefits, such as minimal maintenance, increased efficiency, and modern designs.

            Typically located in up-and-coming areas in the midst of regeneration, their freshness on the market can result in significant rental income and capital appreciation over time.

            In January 2024, plans were submitted to Hartlepool Council to develop 70 new homes to the east of Hart Lane. The site includes the lower of the two former Hart Reservoirs, which had been disused and drained of the water in 2019. Under new building regulations, these properties will benefit from improved energy efficiency and aim to help reduce energy bills for owners.

            However, compared to larger metropolitan cities, there are generally fewer new-build opportunities for investors in Hartlepool. Therefore, looking towards more notable property hotspots, such as new-build homes in Liverpool or Manchester, may be worthwhile.

            Learn More: Have you ever wondered what is the safest investment with the highest return?  Find out with our expert property guide!

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              Off-Plan Property in Hartlepool

              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!

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              How Does Hartlepool Compare to Other UK Regions When It Comes to Buy-to-Let?

              Boasting affordable prices and steady yields, Hartlepool potentially offers a lucrative opportunity for those looking to get started with property investment at a more accessible level. The city’s robust transport connections and varied attractions also generate increased appeal, allowing investors to target multiple tenant demographics (such as young professionals and families).

              As mentioned, the North East is expected to see an average capital growth of 21.4% by 2028, meaning that the area could be a top choice for those seeking long-term gains.

              However, it is possible to obtain similar demand levels, high returns and affordability in other UK property hotspots.

              For example, buy-to-let properties in Liverpool typically offer yields exceeding 8% in certain areas, with prices often well below the UK average.

              The North West, in general, is expected to see an average capital growth increase of 20.2% in the same period as the North East, which could result in significant capital appreciation. There is also a higher concentration of off-plan/new-build developments, which could offer broader options for investors.

              Read More: Learn what makes a good buy-to-let investment and how to build a property portfolio with our expansive RWinvest guides!

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                Want to Invest in Hartlepool?

                So, is Hartlepool the best place to invest?

                With affordable property prices and solid rental income, the seaside town could potentially be a lucrative endeavour for some investors.

                However, investment strategies may be limited, with popular choices like new-build/off-plan properties and more varied tenant demographics available in larger cities like Liverpool and Manchester.

                Want to know more about the UK rental market? Check out some of our recent buy-to-let guides below:

                Map of Hartlepool

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                Author

                Reece Pape

                Reece Pape is a property writer at RWinvest. Reece is passionate about keeping property investors updated on must-have information and housing market news, utilising the latest property market statistics and data.

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