Why invest in Newcastle-upon-Tyne
A hidden gem tucked high up in the North-East is the beautiful gothic industrial city of Newcastle-upon-Tyne which is surrounded by Northumberland and Durham Countryside to the North, West and South and the North Sea towards the East where the River Tyne flows out between the seaside towns of Tynemouth and South Shields.
Newcastle might be a degree or two colder in temperature than most southernly locations of England, but it makes up for that with its friendly warm atmosphere, the people are great, the town a thriving hub of just 300,000 with 2.6 million populated within the North East region that also includes Sunderland, Durham and Middlesbrough.
Newcastle is very much a place where if people are born in, they’ll die in, and when landlords looking for investment opportunities look into the numbers of that, they’ll be buoyed by the longevity of tenants, which makes long-term investing a primary goal here, with lower than average property prices and higher yields long term.
Whilst capital appreciation is probably at the lowest in the country in the North East, this can be a good thing, as it shows a stable market, that won’t dramatically drop in price either, instead, what you’ll get is a property priced below UK average (£206,000 compared to the UK benchmark at £260k) with a still healthy rental rate over £1,200pcm.
That means yields are some of the best in the country, whilst you won’t get the growth you might in London, you’ll net a better stable return on your pound, so on this basis it attracts investors who are looking for long term and rental income, to pay the profit back on property purchase.
Places to Invest?
Gosforth, Grange Park, Melton Park, Longbenton.
Why?
Newcastle-upon-Tyne is a relatively small city and those areas north of town centre are well-linked with the Metro line and can be pretty handy for the Airport, the A1, Newcastle Racecourse, St James’ Park, even Whitley Bay.
Also consider…
Whilst Sunderland is only 30 minutes away, ex-mining towns near Durham like Houghton le Spring, Hetton-le-Hole, Seaham, offer some of the cheapest properties in the UK, with terraced property prices from as little as £50,000 and NET yields as high as 10%
If you are interested in receiving details of investment property in Newcastle-upon-Tyne & the North East then fill out your contact information below and we’ll keep you up to date with new & exclusive opportunities.
Latest property investments in Newcastle-upon-Tyne.
Purpose built student accommodation in Sunderland with assured 10% NET yield
Purchase price: From £45,000
Cheap tenanted terraced house in Chester-le-Street with 10% yield
Purchase price: £50,000
Terraced house for sale in Sunderland with full rental management in place
Purchase price: £73,000
2 bed end terraced house in South Shields with £495pcm rental income
Purchase price: £88,000
3 bed vacant semi-detached house in Gateshead
Purchase price: £102,000
Supported housing investment in Hartlepool with 12% NET fixed rental income
Purchase price: £143,000 (from)
Want More Property Investments?
Sign up to our regular newsletter and we’ll send our latest deals directly to your inbox.
*Please note by registering your details above you will also be subscribing to our newsletter which offers regular investment deals, educational products & free gifts with buy to let property news, advice & important information regarding real estate sent to your inbox every week. You can opt-out at any time.