What qualities make a property a good investment?

A good investment property is one that has a high rental yield, can be purchased for the right price, and doesn't need extensive renovations to bring it up to a high standard of living. 

What to watch out for:

  • Homes that were previously owned by local governments and councils are popular among investors. When the councils had the money to build them, these homes were typically very sturdy, with excellent floor plans, driveways, and front and back gardens.
  • However, because of their inflated prices and lack of demand, new builds are less popular.  there’s a chance you could be in negative equity if you don’t buy them properly.
  • Be mindful that when purchasing an older/used property, you have the opportunity to add value. This means you can also pull more money out of your Buy, Refurbish, and Refinance strategy. It's possible to end up with negative equity if you don't buy them properly.
  • Remember that there is a chance for value growth when purchasing an older or used property.
  • One of the best places in the UK for affordable housing and a high rental yield is Middlesbrough. Middlesbrough currently has an average home price of £122,736. Middlesbrough has average gross yields of up to 7.5%.

Five properties we currently have on the market could be a great investment opportunity:

Windsor Oval, Thornaby, TS17

Asking Price £98,000

2 Bedrooms - 1 Bathrooms

  • Quiet Cul-De-Sac Location with Central Green
  • Two Double Bedrooms
  • Cottage Style Property
  • Off Road Parking on The Rear Driveway
  • Gardens to Front & Rear
  • Stunning Breakfast Kitchen
  • Gas Central Heating with Combi Boiler
  • UPVC Double Glazing

For more information click here.

Rochester Road, Linthorpe, TS5

Asking Price £100,000

  • Chain Free Sale
  • Ripe for a Refurb
  • Three Bedrooms & Two Reception Rooms
  • Sunny Southerly Facing Rear Garden
  • Detached Garage

For more information click here 

Costa Street, Middlesbrough, TS1

Asking Price £84,950

2 Bedrooms - 1 Bathrooms

  • Two Double Bedrooms
  • UPVC Double Glazed Windows
  • Fantastic Buy-To-Let Investment Opportunity
  • Central Heating System with a Combi Boiler

For more information click here

Lichfield Avenue, Eston, TS6

Asking Price £89,950

1 Bedrooms - 1 Bathrooms

  • A Deceptively Spacious One Bedroom End of Terrace Bungalow
  • Offered For Sale with NO ONWARD CHAIN
  • Rarely Available For Sale & Nicely Situated Within The Popular Eston Residential Area
  • Well Placed for Access to Local Shops, Amenities & Transport Links
  • Lounge with A Gas Fire Set in A Feature Surround
  • Double Bedroom & Bathroom with White Three Piece Suite
  • Well-Manicured Gardens to Front & Rear & Single Garage
  • Gas Central Heating System & Double Glazing

For more information click here.

High Street, Normanby, TS6

Asking Price £185,000

4 Bedrooms - 1 Bathrooms

  • Impressive 1860 Built Cottage
  • Lounge/Dining Room
  • Sitting/Breakfast Room
  • Family Bathroom
  • No Onward Chain

For more information click here.

To find out more about investing in Middlesbrough read the blog here