The My Property Box team have detailed knowledge of the North East property market. Using this market knowledge, we are able to ensure our landlords properties are never empty for long.
The North East however is a big place, and for those landlords looking to expand their property portfolio we know that some areas are better investments for landlords than others.
The hottest location for property investment in the last six months has been Newton Aycliffe in County Durham.
There are two main reasons for this:
These are all ideal properties for families with one or two children, which means you will be able to get around 12% return on your investment by achieving the maximum rental income.
Another very popular area to invest is the Denes area of Darlington, County Durham. The Denes have always been popular for to investors for a number of reasons:
Finally, Stockton On Tees in general is a good area to invest, the price of houses in this area are great value for money and a lot of people brought up in Stockton like to stay in Stockton.
Whilst the return on investment isn’t as high as Newton Aycliffe, properties in Stockton don’t remain empty for more than 2 months.
Interested in knowing more? Get in touch today on 01325 582101 and we will be happy to discuss a number of investment opportunities across the North East of England.
Are you looking to rent in Newton Acyliffe, Darlington or Stockton?
If you are a tenant looking to move home due to family commitments, or re-locating for a new job, there are a number of ideal locations. My Property Box have a number of properties across Newton Aycliffe, a great place to live with the standard of housing being good. It also has easy access to numerous other towns such as Darlington, Shildon, Bishop Auckland, Ferryhill, Spennymoor and Durham. Newton Aycliffe is also close to the A1 so if your job requires travelling, Newton Ayclliffe is a good location for you!
Another popular area for tenants to live is Peterlee, Peterlee is very similar to Newton Aycliffe. The houses are usually ex-council houses so they are very spacious, with 3 bedrooms and a large kitchen. The value of the houses are slightly lower also so tenants who claim housing benefit wouldn’t need to pay much top up, if any at all. As a commuter town, Peterlee is a good location with good access to the A19 which allows travel to locations such as Seaham, Hartlepool, Middlesbrough, Stockton On Tees.
Thinking about renting a property in the North East? We have a large portfolio of properties available to rent in Newton Aycliffe, Darlington, Stockton. Give us a call to find out more!