Studio apartment

Rede House, 63-75 Corporation Road, Middlesbrough, TS1 1LS

Size: 16.4 sqm

Purchase price

£33,000

Size: 16.4 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £4,530
Ground rent £150
Service charge £1,520
Lettings fees £580
Net income £2,280
Gross yield 13.73%
Net yield 6.91%

This popular studio is located within the fashionable Rede House in Middlesbrough. It is a fantastic opportunity for either a new or experienced investor.


Rede House is a large self-contained studio and includes an en suite bathroom, fitted kitchen, study area and cycle storage. Students will have entry to the on-site amenities which include WI-Fi, private residents’ gym, social area and cinema room.

Rede House is a premium student investment opportunity located only a short distance from Teesside University and all that the city has to offer. Teesside University is conveniently located just 10 minutes from Rede House. Middlesbrough Train Station is just around the corner, giving students fast access to Newcastle in just over an hour.

The popularity of Rede House is illustrated in the fact that the development is fully let for this academic year and is somehow taking reservations for next year.

IMPORTANT NOTE TO PURCHASERS: These, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. Images used for indicative purposes.

Interested in this property? Enquire today for more information

Key features

Key features

Fitted Kitchen

Key features

Games Room

Key features

Resident Gym

Key features

Let and Managed by Experienced Fortis Lettings

Key features

100% Tenanted for 2017/18

Key features

Popular Student Development

Key features

Close to University

This popular studio is located within the fashionable Rede House in Middlesbrough. It is a fantastic opportunity for either a new or experienced investor. More info...

Rede House is a large self-contained studio and includes an en suite bathroom, fitted kitchen, study area and cycle storage. Students will have entry to the on-site amenities which include WI-Fi, private residents’ gym, social area and cinema room.

Rede House is a premium student investment opportunity located only a short distance from Teesside University and all that the city has to offer. Teesside University is conveniently located just 10 minutes from Rede House. Middlesbrough Train Station is just around the corner, giving students fast access to Newcastle in just over an hour.

The popularity of Rede House is illustrated in the fact that the development is fully let for this academic year and is somehow taking reservations for next year.

IMPORTANT NOTE TO PURCHASERS: These, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. Images used for indicative purposes.

  • Key features
    Tick Desktop Fitted Kitchen
    Tick Desktop Games Room
    Tick Desktop Resident Gym
    Tick Desktop Let and Managed by Experienced Fortis Lettings
    Tick Desktop 100% Tenanted for 2017/18
    Tick Desktop Popular Student Development
    Tick Desktop Close to University
  • 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 £4,530
Ground rent £150
Service charge £1,520
Lettings fees £580
Net income £2,280
Gross yield 13.73%
Net yield 6.91%

*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.