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  • Buy-to-Let

    Middlesbrough - which area to invest in?

    Hi guys,

    I am hoping to invest in Middlesbrough, but am struggling to find a good area to focus on.  I prefer solid ex council 3 bed houses in reasonable areas, where a family will be happy to settle long term.  My preferred purchase price is £65k to £70k,  rental from £500 to £550.

    Can anyone recommend please any areas?  Failing that, any other areas up North that reach that criteria?

    Thank you,   would appreciate any advice!

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    I have 32 in Middlesbrough and surrounding areas. Not 100% sure on

    I wasnt planning on selling any funtil 2025 but I may be happy to sell a couple that have some equity in them

    How many are you looking for. I have 1 in Redcar ex council near the hospital with a good tenant in place.5 + years

    1 semi in a Mbrough Council Estate with a good tenant in place 10+ years

    1 terraced in a private estate near main road into town centre its empty waiting a quick refurb

    Im new to the forum so not sure what to do next

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    J Harris


    Hi,

    Do you have any photos/info you can send me?  As I said, I am totally new to Middlesbrough and am trying to gage  good areas that suit my needs.

    Any particular reason that you are looking to sell?



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    Smoggy land I haven’t a clue

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    LOl!!  Smoggy land ?!

    No worries,  thanks  DL,  love your posts!  

    Looks like I will be investing in Newcastle now having done further research..

    I know you have said you have to be really careful with areas,  but I have found a contact who knows it really well... : )

    Thanks

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    In NEWCASTLE it changes street corner to street corner

    it’s as precise as that

    I’m sure  Middlesbrough has it’s placed  to buy and not to buy 

    best of luck

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    Learn Change and Adapt ?????

    All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.

    Exactly.  I kind of decided not to go it alone for that very reason (I live in London) and have been out priced from buying in Hull.

    Money goes much further in Newcastle..

    Thanks DL Smile

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    Check the  rental prices for Middlesbrough on Rightmove. I think you will be hard pushed to achieve £500-£550 for 3 bed.

    More likely £425 for 3 bed

    Lots of houses for rent, the North East in General is suffering from  very poor  capital gain in the past 10 years. Student properties are good prospects with Teesside University based in Middlesbrough Town Centre/

    For your information Smoggy is a term used by Newcastle people  for people from Teesside , Mackems are people from Sunderland

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    Out priced from buying in Hull?!

    Wow, I didn't think that would be possible.

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    There are some very cheap houses in Hull,  but for a decent  3 bed ex council  house,  the prices have gone up in the last couple of years believe it or not.

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    Hi Gordon,

    Thanks for replying.  I looked on Rightmove today and there were lots of 3 beds from  £450 to £495 in Middlesbrough.

    There were a few for £525,  £550,  even £575, but they were few and far between.

     Funnily enough one of the agents I spoke to said  that student  lets had been a really good investment there for the past 10 years,  but now the University has built its own accommodation and that market has really suffered recently.

    Newcastle apparently  still has really  good yields,  so will  stick to that area as I have a contact  there who  knows it really well..

     Felt I was bit  out of my depth in Middlesbrough being so far away and not knowing it at all.

    Thanks for enlightening me on the local lingo!  Good to know for future reference! : )


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