Studio apartment

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

Size: sqm

Purchase price

£30,000

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,610
Ground rent £250
Service charge £2,373
Lettings fees £740
Net income £2,246
Gross yield 18.7%
Net yield 7.49%

**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 luxury studio apartment is 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

Key features

Perfect opportunity for investors

Key features

Hands off high yielding investment

Key features

Tenanted for the 2024 academic year

Key features

Private student accomodation

Key features

Luxury accomodation

Key features

Studio apartment with kitchenette and ensuite

Key features

Excellent on site amenities

Key features

High tenant demand

Key features

Experienced management company in place

Key features

Enquire today for more information

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 luxury studio apartment is 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!

  • Key features
    Tick Desktop Perfect opportunity for investors
    Tick Desktop Hands off high yielding investment
    Tick Desktop Tenanted for the 2024 academic year
    Tick Desktop Private student accomodation
    Tick Desktop Luxury accomodation
    Tick Desktop Studio apartment with kitchenette and ensuite
    Tick Desktop Excellent on site amenities
    Tick Desktop High tenant demand
    Tick Desktop Experienced management company in place
    Tick Desktop Enquire today for more information
  • 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 £5,610
Ground rent £250
Service charge £2,373
Lettings fees £740
Net income £2,246
Gross yield 18.7%
Net yield 7.49%

*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.