Studio apartment

Rede House, 63-75 Corporation Road, Middlesbrough

Size: sqm

Purchase price

£37,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,885
Ground rent £250
Service charge £2,374
Lettings fees £910
Net income £3,351
Gross yield 18.61%
Net yield 9.06%

**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 ABOVE 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

Incredible hands off investment

Key features

Tenanted for the 2024 academic year

Key features

Yielding above 8% NET of all fees

Key features

Self contained student studio

Key features

Cash buyers only

Key features

Fully furnished

Key features

Containing kitchenette and ensuite

Key features

Very popular development

Key features

Excellent location

Key features

Unrivalled onsite amenities

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING ABOVE 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 Incredible hands off investment
    Tick Desktop Tenanted for the 2024 academic year
    Tick Desktop Yielding above 8% NET of all fees
    Tick Desktop Self contained student studio
    Tick Desktop Cash buyers only
    Tick Desktop Fully furnished
    Tick Desktop Containing kitchenette and ensuite
    Tick Desktop Very popular development
    Tick Desktop Excellent location
    Tick Desktop Unrivalled onsite amenities
  • 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 £6,885
Ground rent £250
Service charge £2,374
Lettings fees £910
Net income £3,351
Gross yield 18.61%
Net yield 9.06%

*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.