Rede House, 66-67 Corporation Road, Middlesbrough, TS1 1LY
Size: sqm
Purchase price
£34,000
Size: sqm
Tenanted
Gross rent | £6,120 |
Ground rent | £229 |
Service charge | £2,238 |
Lettings fees | £810 |
Net income | £2,844 |
Gross yield | 18% |
Net yield | 8.36% |
**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!
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
Excellent hands off investment property
Oustanding yield above 8% NET
Tenanted for the 2024 academic year
Self contained student studio
Purpose built student accommodation
Recently refurbished
Fully furnished
Kitchenette and ensuite
Fantastic on site amenities
Enquire today to find out more
ATTENTION INVESTORS - EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Student accommodation in the heart of Middlesbrough - ENQUIRE TODAY More info... Less 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!
*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.
Gross rent | £6,120 |
Ground rent | £229 |
Service charge | £2,238 |
Lettings fees | £810 |
Net income | £2,844 |
Gross yield | 18% |
Net yield | 8.36% |
*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.
Not to worry though, the Professor has picked out some similar properties that you might be interested in
Rede House, 66-77 Corporation Road, Middlesbrough TS1 1LY
Annual rent | £2,246 |
Net yield | 7.49% |
Rede House, 66-67 Corporation Road, Middlesbrough, TS1 1LY
Annual rent | £2,844 |
Net yield | 8.36% |
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yieldit is a company registered in England and Wales. Registered number: 11547318.
© 2022 yieldit | Privacy Policy | Terms & Conditions | Complaints Procedure
yieldit is a company registered in England and Wales. Registered number: 5236745.