Purchase price : £1.45m
40 x 1 bed apartments
Central location 20m from main train station
Apartment shortage in area
5 minute walk from university campus
Rent @ 450 per unit PCM
Yield = 14.89%
Middlesbrough has always been a place where innovation thrives, recently named one
of the ‘Top 10 Small Cities in Europe’ by the Financial Times for its strategy to attract
foreign direct investment, it is a place with forward-thinking people and a diverse cluster
of innovative companies.
The Digital City development in the heart of Middleborough is a £250million project that
aims to establish and expand the city reputation as the UK’s leader for digital innovation,
augmented reality (AR), gaming, and animation. The plans include building the three
highest office and residential towers for 30 miles, as part of an initial £45m phase of the
project that will transform Teesside’s skyline. Construction is well underway and Digital
City will create an extra 1,000 new jobs initially, rising to 2,000 jobs in future phases.
Over the next 2-3 years Middlesbrough’s railway station will undergo a £35m
transformation project to regenerate the station and its amenities, as well as improving
a number of train services to the area including a direct route to London.
Deltic House is positioned 20m from the Railway Station and 400m from Digital City
making it perfectly located to benefit from the inevitable capital appreciation and
increased rental prices that will come along with these projects.
Middlesbrough boasts two postcodes which rank among the top 25 UK rental yields
with TS1 showing over 9.45% and TS3 showing over 7.66%.