We have compiled a list of some of the cheapest properties available for first-time buyers and investors.

With many looking to get their foot on the housing ladder, we have sought properties from across Teesside.

There are properties from Middlesbrough, Stockton and Redcar for any looking for a cheap property option.

Zetland Road, Middlesbrough

The Northern Echo: Zetland Road, Middlesbrough

The terraced property on Zetland Road in Middlesbrough is available for £40,000

The agents have described the property as "ideal for an investor."

It is located within less than a 1-mile drive of Stockton Railway Station.

University Hospital of North Tees, Wellington Square Shopping Precinct and Queen's Park are all less than a 20-minute drive away.

Agents said: "A three bedroom end terraced property briefly comprising of entrance hallway, lounge, dining room, kitchen, rear lobby, bathroom, landing and three bedrooms.

"Externally the property has a yard to the rear with gate leading to back access.

"This would be ideal for an investor."

The property is available for purchase with no onward chain and is being handled by Bridgfords.

Pierson Street, Redcar

The Northern Echo: Pierson Street. Redcar

This one-bedroom property is available for £49,995 and is being sold with no onward chain.

It has been described by agents as a “perfect addition to any investors portfolio.”

The property is also being sold with a tenant in situ, who has lived in the home for 23 years.

It is located close to the beach and town centre.

Melbourne Street, Stockton

The Northern Echo: Melbourne Street, Stockton

This two-bedroom terraced property is listed for sale between £50,000 to £55,000.

Agents have highlighted this property as an “affordable family home” which doubles as a “solid” investment opportunity.

They said: “If you're looking for an affordable family home that is also a solid investment opportunity, then this two-bedroom terraced certainly fits the bill!

“The ground floor benefits from two spacious reception rooms, with patio doors leading from the dining room to the rear yard, and a well-equipped fitted kitchen with ample storage. 

“Upstairs is a double bedroom, a good-sized single with built-in wardrobes, and a family bathroom, benefiting from a separate bath and shower.”

Meadowdale Close, Stockton/Middlesbrough

The Northern Echo: Meadowdale Close

This terraced property has been described as an "ideal investment opportunity" and is available for £45,000

The property is located within a 1-mile drive of Middlesbrough Station, and is situated close to Billingham Station and within a 15-minute drive to South Bank Station.

The home is offered with no chain, though the agent has said it has been "priced to reflect [the] modernisation needed."

Agents said: "Clarke Munro offer for sale this ideal investment opportunity.

"The property comprises of Entrance porch, inner hall, lounge, dining room opening into kitchen, rear lobby and ground floor w/c.

"The first floor has 3 bedrooms and bathroom w/c.

"Externally, there are gardens to the front and rear, and single driveway.

"The property has has central heating."

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Havelock Street, Thornaby

The Northern Echo: Havelock Street, Thornaby

This two-bedroom property is available for £55,000 and has been described as an ideal investment for landlords looking for a buy to let.

Agents have said it is located within easy access of Thornaby town centre and the A66.

The property is available by conditional sale.

Agents said: “This property is in a great and convenient location and is within easy access to Thornaby town centre, local shops and the A66.

“The property is accessed via glazed entry door which opens into the hallway. There is access to a through reception room which is a good size and comprises living room with further dining room area. There is further access from the dining room to a spacious kitchen which has fitted units and doorway to the rear yard.

“Upstairs to the first floor there is a landing with storage cupboard, two good sized bedrooms and a further good sized bathroom.”

All of these properties can be found here.