Studio apartment

Rede House, 66-67 Corporation Road, Middlesbrough, TS1 1LG

Size: sqm

Purchase price

£29,750

Size: sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,050
Ground rent £250
Service charge £2,592
Lettings fees £798
Net income £2,410
Gross yield 20.34%
Net yield 8.10%

**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!

Yieldit are pleased to present this premium 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

Key features

Excellent hands off investment property

Key features

Oustanding yield above 8% NET

Key features

Tenanted for the 2024 academic year

Key features

Self contained student studio

Key features

Purpose built student accommodation

Key features

Desirable unit

Key features

Fully furnished

Key features

Kitchenette and ensuite

Key features

Fantastic on site amenities

Key features

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...

**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 premium 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!

  • Key features
    Tick Desktop Excellent hands off investment property
    Tick Desktop Oustanding yield above 8% NET
    Tick Desktop Tenanted for the 2024 academic year
    Tick Desktop Self contained student studio
    Tick Desktop Purpose built student accommodation
    Tick Desktop Desirable unit
    Tick Desktop Fully furnished
    Tick Desktop Kitchenette and ensuite
    Tick Desktop Fantastic on site amenities
    Tick Desktop Enquire today to find out more
  • 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 £6,050
Ground rent £250
Service charge £2,592
Lettings fees £798
Net income £2,410
Gross yield 20.34%
Net yield 8.10%

*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.