Studio apartment

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

Size: 22.3 sqm

Purchase price

£38,000

Size: 22.3 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,060
Ground rent £150
Service charge £1,520
Lettings fees £486
Net income £2,904
Gross yield 13.32%
Net yield 7.64%

OFFERS OVER £40,000! - A high yielding investment opportunity located in the heart of Middlesbrough offering unbelievably high NET yields in excess of 7%!!


Rede House is a premium student investment opportunity located just a short distance from Teesside University and all that the city has to offer. Teesside University is ideally located within 10 minutes of Rede House and 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 taking reservations for next year!

Unit 5-28 is an extra-large self-contained studio 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.

Interested in this property? Enquire today to recieve further details upon this investment opportunity

Key features

Key features

NET yields in excess of 7%!

Key features

Fitted kitchen

Key features

Common room

Key features

Cinema room

Key features

Ensuite

Key features

Cycle storage

Key features

Located near city centre

Key features

Shops and amenities nearby

Key features

Games room

OFFERS OVER £40,000! - A high yielding investment opportunity located in the heart of Middlesbrough offering unbelievably high NET yields in excess of 7%!! More info...

Rede House is a premium student investment opportunity located just a short distance from Teesside University and all that the city has to offer. Teesside University is ideally located within 10 minutes of Rede House and 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 taking reservations for next year!

Unit 5-28 is an extra-large self-contained studio 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.

  • Key features
    Tick Desktop NET yields in excess of 7%!
    Tick Desktop Fitted kitchen
    Tick Desktop Common room
    Tick Desktop Cinema room
    Tick Desktop Ensuite
    Tick Desktop Cycle storage
    Tick Desktop Located near city centre
    Tick Desktop Shops and amenities nearby
    Tick Desktop Games room
  • 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 £5,060
Ground rent £150
Service charge £1,520
Lettings fees £486
Net income £2,904
Gross yield 13.32%
Net yield 7.64%

*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.