1 bedroom apartment

Rede House, 66-77 Corporation Road, Middlesborough, TS1 1LY

Size: 39.8 sqm

Purchase price

£50,000

Size: 39.8 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £8,415
Ground rent £250
Service charge £3,504
Lettings fees £1,111
Net income £3,550
Gross yield 16.83%
Net yield 7.10%

**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!

We’re pleased to offer for sale an extremely rare to the market one-bedroom apartment within the incredibly popular Rede House development. This particular unit is one of the few units within the development which is a true one-bedroom apartment and not a studio and is therefore popular to be booked on a double occupancy basis producing fantastic rental yields.

Located 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 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 fifth-floor apartment boasts city views and is extra spacious including entrance hallway, living area, fully fitted kitchen, study area, double bedroom, bathroom and is fully furnished. 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 fact that the development is fully let for this academic year and is taking reservations for next year, with rental increases of up to 10% expected, this is an opportunity not to be missed out on.

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 - CASH BUYERS ONLY! Extremely rare to the market, true one bedroom student apartment in the heart of Middlesborough.

Interested in this property? Enquire today for more information

Key features

Key features

Student investment opportunity

Key features

Tenanted for the next academic year

Key features

Hands off investment

Key features

Very popular development

Key features

Fully booked for this year

Key features

Rental increases of up to 10% expected

Key features

Fantastic yield

Key features

Very rare true one bedroom apartment

Key features

Excellent onsite facilities

Key features

Ideal location

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY - CASH BUYERS ONLY! Extremely rare to the market, true one bedroom 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!

We’re pleased to offer for sale an extremely rare to the market one-bedroom apartment within the incredibly popular Rede House development. This particular unit is one of the few units within the development which is a true one-bedroom apartment and not a studio and is therefore popular to be booked on a double occupancy basis producing fantastic rental yields.

Located 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 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 fifth-floor apartment boasts city views and is extra spacious including entrance hallway, living area, fully fitted kitchen, study area, double bedroom, bathroom and is fully furnished. 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 fact that the development is fully let for this academic year and is taking reservations for next year, with rental increases of up to 10% expected, this is an opportunity not to be missed out on.

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 Student investment opportunity
    Tick Desktop Tenanted for the next academic year
    Tick Desktop Hands off investment
    Tick Desktop Very popular development
    Tick Desktop Fully booked for this year
    Tick Desktop Rental increases of up to 10% expected
    Tick Desktop Fantastic yield
    Tick Desktop Very rare true one bedroom apartment
    Tick Desktop Excellent onsite facilities
    Tick Desktop Ideal 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 £8,415
Ground rent £250
Service charge £3,504
Lettings fees £1,111
Net income £3,550
Gross yield 16.83%
Net yield 7.10%

*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.