Middlesbrough- Stockton on Tees Buy-to-Let Property Investment Hotspot
Middlesbrough, Teesside, and Stockton on Tees have in the past recieved bad press. This area of the NE of England has suffered from industrial decline in the past. But Middlesbrough as well as Stockton on Tees has new plans to renew, regenerate and rebuild for the future. Currently property prices are still low but have shifted dramatically. We feel now is the perfect time for property investors to jump in?
We purchased over 40 properties in 2019 and 2020 and continuing currently. We are focusing on Social housing with Govt back contracts for 5 to 10 years with no voids, no management and maintenance covered up to 5,000 per year.
The South Tees Development Corporation or STDC has a masterplan to redevelop the site into a world-class industrial park, and hopefully attract £10bn of investment and 20,000 new jobs over 20 years. The area has already been given Special Economic Area status and there are calls to turn it into a free port.
The Wilton International former ICI site is one of the UK’s most important centres for chemical manufacturing. Teesdale Business Park is home to many large national companies providing hundreds of jobs.
There’s a big drive to attract new industries to the Teesside area including healthcare, life sciences, digital and creative, professional services and energy and renewables. The Tees Valley Enterprise Zone is helping to attract new business and employment. TeesAMP or Advanced Manufacturing Park is a £55m scheme to develop a new business park to attract modern advanced manufacturing companies here.
James Cook University Hospital is a major regional hospital for Teesside, Tees Valley, East Cleveland and North Yorkshire, and the trust has around 9,000 staff.
Add in the Teesside University is one of the lesser-known universities but it has 19,000 students and big plans for growth. The university has recently invested £270m on its campus and is investing millions more on new university facilities, plus improving student accommodation and a new student village at Gresham.
All these people need housing and the Home office needs to place social housing tenants. It seems to be the best combination of future growth as a posed to London with extremely low yields and declining valuations.