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Aire Street, Middlesbrough

North East

£65,000
Listed on 19/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
883 sqft

Description

This three-bedroom terraced home presents an excellent opportunity for renovation, making it an appealing project for both investors and buyers eager to elevate a property’s value. With its original features and spacious layout, this residence invites creativity for those looking to update and modernize while retaining its character. Situated conveniently near Middlesbrough town centre, the location offers significant advantages. Just a short 22-minute walk or a quick 7-minute drive will take you to the hub of local shops, cafes, and essential amenities. The proximity to Middlesbrough Train Station enhances accessibility with regular connections to surrounding areas, including Darlington, York, and Newcastle. Furthermore, being only a 12-minute walk from Teesside University makes this property attractive not only for families but also for professionals and students alike. Entering the home showcases a roomy living area featuring a fireplace that holds promise as a charming centerpiece once restored. This space flows into a dining area through an open wall design, promoting flexibility in how the space can be utilized. At the back of the house lies a galley-style kitchen equipped with ample storage and countertop options that lead out to the rear garden. The upper level houses three bedrooms—one double, one single, plus a versatile room that could easily serve as a home office or guest space. A generously sized bathroom completes this floor. While the property is in need of substantial refurbishment throughout, it stands as a blank canvas full of potential. With thoughtful renovations, it could become an appealing family home or generate solid rental income in a sought-after area where demand is steadily rising. The combination of location advantages and renovation potential positions this property as an attractive investment opportunity in TS1. With strategic updates, there’s great potential for appreciation in value and rental yield that makes pursuing this project worthwhile for savvy investors or first-time buyers seeking to create their ideal living space.

Investment Analysis

(TS1 area)

Below Market Value

This property is priced -19.7% below area average per sq ft

-19.7%
Potential saving
This Property
£74/sq ft
Area Average
£92/sq ft
Avg Rent (weekly)
£129
Avg Yield
8.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£89,020
10% above area average per sq ft
Potential ROI
-15.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (TS1)

Area prices are falling by +2.9% over the last 12 months
3 year growth: 5.5%
5 year growth: 37.4%
Investment Disclaimer: Analysis based on TS1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Aire Street, Middlesbrough
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£238
Based on a loan of £48,750 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE