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As you can see above, Middlesbrough & Stockton is an increasing sales market at the moment, up 2% over the last 3 months compared to a national increase of 1.7% and a regional increase of 1.7%. We sold a property on Hampden Street, Southbank, TS6 for £52,000 within 9 days of it hitting the sales market and achieved over asking price giving the buyer a yield of 13% Another property we sold on Knole Road, Billingham TS23 for £84,000 in 21 days of it hitting the market. If you read our rental value increase email you will see a property on Willowdene, TS7 we let for £700pcm and we actually sold this aswell for £105,000 to one of our new investors in just 7 days so a double whammy on this two bedroom apartment! |
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The graph above shows the relative strength of the Middlesbrough & Stockton market, the darker the colour the stronger the sales increase over the last 3 months. |
The best areas to invest at the moment are:
You can pick up a 3 bedroom house for around £95k which will rent for £700 - £800pcm At NGU Homes, we pride ourselves on our comprehensive understanding of the local sales market and our commitment to maximizing returns for our landlords. If you’re interested in valuing your property for sale, we have a user-friendly instant valuation tool, where you can receive an estimate of your property's value / rent within minutes. Simply click the button below, enter your property details, and get an instant valuation at your fingertips. |
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