Middlesbrough - two properties, both returning 10% yields, both available now

Two of the properties we're marketing in Middlesbrough right now are returning 10% gross yields. At £87,000 and £84,950, they sit well below the town average - and with rents up 7.8% in the last twelve months, ahead of the North East average of 6.5%, the income side of the equation is moving in the right direction too.

📊 The numbers

  • Average house price: £138,000 (UK average: £268,000)
  • Average rent: £709 pcm - up 7.8% in the last year
  • House price growth: 1.1% year-on-year

That's £130,000 below the UK average on purchase price - nearly half the national figure - while rents continue to climb faster than the regional average. For landlords focused on yield, that combination of low entry prices and above-average rental growth is hard to ignore.

🏠 What you can buy

  • Flat: ~£74,000
  • Terraced: ~£108,000
  • Semi-detached: ~£149,000
  • Detached: ~£248,000

💷 What you can charge

  • 1 bed: ~£507 pcm
  • 2 bed: ~£643 pcm
  • 3 bed: ~£764 pcm
  • 4 bed+: ~£1,008 pcm

📊 Rental demand

What keeps Middlesbrough ticking over for landlords isn't one single thing - it's the overlap. Teesside University fills the smaller terraces and flats with students who need a place every September without fail. James Cook University Hospital brings shift workers and locum staff who want something close and uncomplicated. And the Tees Valley's road and rail links mean tenants commuting to Newcastle, Darlington or further afield still see Middlesbrough as good value.

TS1 and TS3 remain the postcodes to watch if yield is the priority - gross returns here regularly sit between 9% and 12% on well-bought two and three-bed terraces, driven by the university and town centre crowd. TS5 and TS7 trade some of that yield for stability - bigger family homes, longer tenancies, and tenants who tend to stay put for years rather than months.

Worth flagging: a low asking price isn't the same as a good investment. The properties that perform tend to share a few traits - manageable maintenance, a postcode where tenants stay rather than churn, and an owner who treats them like a customer rather than an afterthought. EPC standards and the Renters' Rights Act are also worth getting ahead of now rather than scrambling later. With rent here moving close to 8% in a year, the bigger risk for most landlords isn't the property itself - it's leaving the rent unreviewed while the market carries on without them.

📍 Recent properties we're marketing

3 Bed Semi-Detached House - Ingoldsby Road, Middlesbrough - £87,000 - 10% yield
View property

3 Bed Terraced House - Eddison Way, Hemlington, Middlesbrough - £84,950 - 10% yield
View property

2 Bed Semi-Detached House - Newington Road, Middlesbrough - £105,000
View property

For more properties we're marketing in Middlesbrough, visit nguhomes.co.uk

Rents are moving. If yours hasn't kept pace - or if you're looking at what's available right now - just reply and I'll go through the numbers with you.

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