Studio apartment

Rede House, Corporation Road, Middlesbrough, TS1 1LY

Size: 48 sqm

Purchase price

£33,000

Size: 48 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,120
Ground rent £250
Service charge £2,393
Lettings fees £807
Net income £2,670
Gross yield 18.55%
Net yield 8.09%

**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!

A premium studio apartment within the popular Rede House development 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 minute’s 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 resident’s 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!

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 STUDENT INVESTMENT OPPORTUNITY! Fully furnished buy-to-let student studio apartment in the centre of Middlesbrough offering an impressive NET yield of 8%!

Interested in this property? Enquire today for more information

Key features

Key features

Incredible hands off investment opportunity

Key features

Excellent 8% NET yield

Key features

High specification student accommodation

Key features

Self contained luxury studio

Key features

Kitchenette and ensuite

Key features

Fully furnished

Key features

Close to the University and amenities

Key features

Experienced management company in place

EARN INSTANT INCOME ON THIS ALREADY TENANTED STUDENT INVESTMENT OPPORTUNITY! Fully furnished buy-to-let student studio apartment in the centre of Middlesbrough offering an impressive NET yield of 8%! 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!

A premium studio apartment within the popular Rede House development 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 minute’s 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 resident’s 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!

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 opportunity
    Tick Desktop Excellent 8% NET yield
    Tick Desktop High specification student accommodation
    Tick Desktop Self contained luxury studio
    Tick Desktop Kitchenette and ensuite
    Tick Desktop Fully furnished
    Tick Desktop Close to the University and amenities
    Tick Desktop Experienced management company in place
  • LocationLocation
  • EPCEPC

*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 £2,393
Lettings fees £807
Net income £2,670
Gross yield 18.55%
Net yield 8.09%

*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.