Studio apartment for sale

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

Full description

Size: 22.3 sqm

OFFERS OVER £40,000! - A high yielding investment opportunity located in the heart of Middlesbrough. 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.

Less info

Key features

Key features Fully furnished
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

Financial Performance*

Purchase price £40,000
Gross rent £5,060
Ground rent £150
Service charge £1,520
Lettings fees £486
Net income £2,904
Gross yield 12.65%
Net yield 7.26%

*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.

Studio apartment for sale

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

Purchase price £40,000
Gross rent £5,060
Ground rent £150
Service charge £1,520
Lettings fees £486
Net income £2,904
Gross yield 12.65%
Net yield 7.26%

Full description

OFFERS OVER £40,000! - A high yielding investment opportunity located in the heart of Middlesbrough. 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

TicksFully furnished
TicksFitted kitchen
TicksCommon room
TicksCinema room
TicksEnsuite
TicksCycle storage
TicksLocated near city centre
TicksShops and amenities nearby
TicksGames room

Amenities

Bicycle Storage Bicycle Storage
City Centre City Centre
En Suite En Suite
Fitted Kitchen Fitted Kitchen

*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.