Property Market Update Middlesbrough

Middlesbrough continues to outperform the national market for sales.  Over the last 12 months, prices have increased by 4% vs the national average of 2%.

As you can see below the hottest areas are TS1 & TS3 for sales prices which are up 5% over the last 12 months, sellers here are seeing a pretty buoyant market.

The biggest driver of growth in Middlesbrough, though, is the rental market. It's up 6.0% over the past year vs. 5.8% nationally. TS1 and TS3 are the highest-growing rental areas, between 5% and 10%, and we can see that with properties we've currently rented.

Ayresome - TS1

Meath Street, TS1: This 3-bedroom home offers an impressive 9% rental yield. With a current valuation of £80,000, the property has seen significant growth in rental value, moving from £475pcm in 2020 to a strong £600pcm in 2024.

Abingdon Road, TS1: This 2-bedroom home delivers an outstanding 10% yield. Previously rented at £410pcm in 2020, it increased to £695pcm in 2024.

Property values in the area range from £75k-£85k for 2-3 bedroom homes, it presents an excellent investment opportunity with consistent 10% rental yields.

North Ormesby & Berwick Hills – TS3

Jubilee Street, TS3: This 2-bedroom end-terraced house, valued at £60,000, offers an impressive 10% yield. In 2020, the property rented for £430pcm, and now in 2024, it achieves £555pcm, showcasing strong rental growth and an excellent return on investment.

Overdale Road, TS3: This 2-bedroom semi-detached house, which was rented for £490 in 2020, has seen a significant rental increase to £695pcm in 2024, delivering a comfortable 9% yield. A fantastic return on investment for this growing area.

Property values in the area range from £90k- £100k for 2-3 bedroom homes, it presents an excellent investment opportunity with consistent 9% rental yields.