Studio apartment

Rede House, Middlesborough

Size: 24 sqm

Purchase price

£32,000

Size: 24 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,120
Ground rent £250
Service charge £2,600
Lettings fees £807
Net income £2,463
Gross yield 21.86%
Net yield 8.80%

**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!

This property is a premium studio apartment within the popular Rede House development, in Middlesbrough city centre. Rede House is a high-quality and modern accommodation just a short walk from Teesside University and the city’s shops, restaurants, bars and central station. The excellent 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, a private residents-only gym, a social area and a cinema room.

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 making Rede House the perfect investment!

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

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING NEAR 8% NET - CASH BUYERS ONLY! Deluxe boutique student apartment in the heart of Middlesborough.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Tenanted until 2023

Key features

Impressive NET yield

Key features

Premium studio apartment

Key features

Fully furnished

Key features

Sixth floor

Key features

Communal areas

Key features

Onsite gymnasium

Key features

Great transport links

Key features

Excellent location

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING NEAR 8% NET - CASH BUYERS ONLY! Deluxe boutique student apartment in the heart of Middlesborough. 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!

This property is a premium studio apartment within the popular Rede House development, in Middlesbrough city centre. Rede House is a high-quality and modern accommodation just a short walk from Teesside University and the city’s shops, restaurants, bars and central station. The excellent 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, a private residents-only gym, a social area and a cinema room.

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 making 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 Earn instant income
    Tick Desktop Tenanted until 2023
    Tick Desktop Impressive NET yield
    Tick Desktop Premium studio apartment
    Tick Desktop Fully furnished
    Tick Desktop Sixth floor
    Tick Desktop Communal areas
    Tick Desktop Onsite gymnasium
    Tick Desktop Great transport links
    Tick Desktop Excellent location
  • 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 £6,120
Ground rent £250
Service charge £2,600
Lettings fees £807
Net income £2,463
Gross yield 21.86%
Net yield 8.80%

*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.