Studio apartment

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

Size: 17 sqm

Purchase price

£33,000

Size: 17 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £4,430
Ground rent £150
Service charge £1,273
Lettings fees £585
Net income £2,422
Gross yield 13.42%
Net yield 7.34%

OVER 7% NET ROI! PERFECT CASH INVESTMENT! A tenanted and fully furnished self contained studio apartment in the popular Rede House development.


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.

This 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 fact that the development is fully let for this academic year and is taking reservations for next year!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Interested in this property? Enquire today for more information

Key features

Key features

OVER 7% NET YIELD - Tenanted until September 2019

Key features

Fitted kitchen

Key features

Resident gymnasium

Key features

Games room

Key features

Cycle storage

Key features

Close to city centre

Key features

Ensuite

OVER 7% NET ROI! PERFECT CASH INVESTMENT! A tenanted and fully furnished self contained studio apartment in the popular Rede House development. More info...

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.

This 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 fact that the development is fully let for this academic year and is taking reservations for next year!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

  • Key features
    Tick Desktop OVER 7% NET YIELD - Tenanted until September 2019
    Tick Desktop Fitted kitchen
    Tick Desktop Resident gymnasium
    Tick Desktop Games room
    Tick Desktop Cycle storage
    Tick Desktop Close to city centre
    Tick Desktop Ensuite
  • 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 £4,430
Ground rent £150
Service charge £1,273
Lettings fees £585
Net income £2,422
Gross yield 13.42%
Net yield 7.34%

*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.