Property trends for TS3

    TS3 covers parts of central Middlesbrough and surrounding areas in the Tees Valley. It is a densely populated urban district with a mixed residential character and significant social housing presence.

    At a Glance

    Average Property Price - TS3

    £100,378

    0

    National percentile

    12 month avg at 31 Jul 2026

    Average Monthly Rent - TS

    £673

    2

    National percentile

    Estimate at 31 Jul 2026

    Average Net Household Income - TS3

    £28,628

    5

    National percentile

    2023 census data

    Flat / Maisonette Yield - TS

    6.6%

    88

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Price Growth - TS3

    3.2%

    55

    National percentile

    Estimate at 31 Jul 2026

    10-Year Annualised Rent Growth - TS

    3.0%

    3

    National percentile

    Estimate at 31 Jul 2026

    Street Rankings — TS3

    Top 5 streets in TS3 ranked by 3-year average sale price.

    #Street3Y Avg
    1Parkside£285,000
    2Priestfield Avenue£192,000
    3Millennium Green View£174,438
    4Coronation Green£167,500
    5Lealholm Crescent£161,667

    Latest Rent — TS3

    Property Price & Volume Trends

    Properties in TS3 are exceptionally affordable, with an average price of £95,000—among the cheapest nationally. The 10-year annualised growth rate of 2.7% is below the national average, reflecting modest appreciation over the period. Transaction volumes have declined, with 171 sales in the latest year compared to a 10-year average of 226 per annum.

    Rent & Yield Trends

    Rents are very low relative to the UK, averaging £668 per month and placing the area among the cheapest nationally for rental costs. Rent growth over 10 years has been equally modest at 2.9% annually. The current flat yield of 6.6% is notably higher than the 10-year average of 5.8%, reflecting improved returns for landlords in recent years.

    Income & Affordability Trends

    Average household income stands at £28,628, well below the national average. Purchase affordability has worsened: the price-to-income ratio has risen from 2.9x in 2016 to 3.2x today, signalling reduced buying power despite low absolute prices. Rental affordability has improved slightly, with the rent-to-income ratio falling from 21.9% to 20.7% over the same period.

    Resident Demographic Profile

    The area has a notably young population, with 24.4% under 15—significantly above the national average of 17.5%. Social rented housing dominates tenure, accounting for 39.7% of homes compared to 16.5% nationally, while outright ownership at 19.1% is well below the national average of 33.7%. Employment is skewed towards elementary roles (20.3% versus 10.2% nationally) and caring occupations (17.5% versus 9.2%), whilst professional and managerial roles are underrepresented at 7.6% and 4.8% respectively.

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