Studio apartment

Rede House, 66-67 Corporation Road, Middlesbrough, TS1 1YL

Size: 27.6 sqm

Purchase price

£34,000

Size: 27.6 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,375
Ground rent £250
Service charge £2,713
Lettings fees £765
Net income £2,647
Gross yield 18.75%
Net yield 7.79%

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Yieldit are pleased to present this deluxe studio apartment situated within the popular Rede House development located in Middlesbrough city centre. Rede House is a high-quality and modern student development just a short walk from Teesside University and the city’s shops, restaurants, bars and central station. The great location, coupled with fantastic facilities and all bills included in the rent, make Rede House ideal for student life in Middlesbrough.

Teesside University is perfectly positioned under 10 minutes’ walk away, and with Middlesbrough Train Station also just a short walk away, students can travel up to the bright lights of Newcastle in just over an hour.

This Deluxe Studio is extra spacious and includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room.

The popularity of Rede House is illustrated in the strong rental history of this development!

The Middlesbrough student market is ripe for investment as it continues to be structurally undersupplied, with Teesside University providing just 1,124 beds for its populace of over 20,000 students, leaving many searching for accommodation within the city’s private student housing market - this makes Rede House the perfect investment!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

ATTENTION INVESTORS - EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Student accommodation in the heart of Middlesbrough - ENQUIRE TODAY

Interested in this property? Enquire today for more information

Key features

Key features

7.79 % NET RETURN

Key features

Earn instant income

Key features

Entertainment Rooms

Key features

Located in the Heart of Middlesbrough

Key features

Laundry Facilities

Key features

Let and Managed by Xenia Lettings

Key features

Deluxe Studio

Key features

Let and Managed by Xenia Lettings

Key features

Fantastic On-Site Amenities

Key features

Popular Student Development

ATTENTION INVESTORS - EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Student accommodation in the heart of Middlesbrough - ENQUIRE TODAY More info...

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

Yieldit are pleased to present this deluxe studio apartment situated within the popular Rede House development located in Middlesbrough city centre. Rede House is a high-quality and modern student development just a short walk from Teesside University and the city’s shops, restaurants, bars and central station. The great location, coupled with fantastic facilities and all bills included in the rent, make Rede House ideal for student life in Middlesbrough.

Teesside University is perfectly positioned under 10 minutes’ walk away, and with Middlesbrough Train Station also just a short walk away, students can travel up to the bright lights of Newcastle in just over an hour.

This Deluxe Studio is extra spacious and includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room.

The popularity of Rede House is illustrated in the strong rental history of this development!

The Middlesbrough student market is ripe for investment as it continues to be structurally undersupplied, with Teesside University providing just 1,124 beds for its populace of over 20,000 students, leaving many searching for accommodation within the city’s private student housing market - this makes Rede House the perfect investment!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

  • Key features
    Tick Desktop 7.79 % NET RETURN
    Tick Desktop Earn instant income
    Tick Desktop Entertainment Rooms
    Tick Desktop Located in the Heart of Middlesbrough
    Tick Desktop Laundry Facilities
    Tick Desktop Let and Managed by Xenia Lettings
    Tick Desktop Deluxe Studio
    Tick Desktop Let and Managed by Xenia Lettings
    Tick Desktop Fantastic On-Site Amenities
    Tick Desktop Popular Student Development
  • LocationLocation

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.

Breakdown
Financial performance*
Gross rent £6,375
Ground rent £250
Service charge £2,713
Lettings fees £765
Net income £2,647
Gross yield 18.75%
Net yield 7.79%

*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.