Investing In The North East

According to the latest UK House Price Index from HM Land Registry, the North-East of England is the cheapest place for property, by far. The average price for a house here, new builds excluded, is just £143,129 compared to the average house price of £254,624 across the UK. Low property prices mean strong yields for investors too.

Teesside house prices are some of the lowest in the UK. The average house price across all the boroughs here is around £122,000. But property prices vary across Teesside. According to a report by Totally Money, the best returns can be found in Cleveland’s TS1 or TS3 postcode.

Middlesbrough

Population: 138,400

Average House Price:£160,992

Investors can find some of the area’s cheapest property here. The outer suburbs of Middlesbrough are popular residential areas good for family buy to let – for example Acklam, Marton and Nunthorpe. TS1 & TS3 have proven to be the most popular areas, with some properties attaining a 8.8% yield.

Darlington

Population: 105,000

Average House Price: £182,711

The separate market town of Darlington is in County Durham, 9 miles west of Middlesbrough. It has good local amenities, is right on the A1(M) and Darlington Station has direct trains to London, Newcastle and Edinburgh. Within Darlington DL1 offers attractive yields of around 5% while DL2 sees 3% and DL4 4%.

Hartlepool

Population: 92,000

Average House Price: £139,175

The coastal town of Hartlepool is 7 miles north of Middlesbrough. Hartlepool has also suffered from industrial decline in the past, so is a cheap property location. However, Hartlepool has a number of successful local industries. Tourist and leisure attractions include Hartlepool Marina and the National Museum of the Royal Navy.

Redcar and Cleveland

Population: 136,000

Average House Price: £120,974

The Borough of Redcar and Cleveland is a diverse area. It includes the Wilton International chemicals site which is an important employer, the coastal towns of Redcar and Saltburn by the Sea, the market town of Guisborough and a number of rural villages. There’s good value investment property to be had here, with some properties attaining a 10.4% yield.

Stockton on Tees

Population: 85,000

Average House Price: £138,641

Stockton on Tees in County Durham borders Middlesbrough but is a separate large town. It incorporates smaller towns such as Thornaby on Tees and Billingham. Stockton, as it’s known, is generally a low price property area although areas in the southern part of the borough like Eaglescliffe and Yarm are pricier commuter spots. Ingleby Barwick is a large new village developed over the last 30 years and popular with buy to let investors. We have seen some homes receive a 6.2% yield.

Looking to invest? Get in touch today and our team of experts would be happy to guide you through our listings with the highest rental yield.

(Source: Zoopla, Statista, Property Investments UK, Land Registry)