Studio apartment

Rede House, Corporation Rd, Middlesbrough TS1 1LY

Size: 23.8 sqm

Purchase price

£38,000

Size: 23.8 sqm

SQM
Finance breakdown
Financial performance*
Gross rent £5,456
Ground rent £250
Service charge £1,421
Lettings fees £524
Net income £3,261
Gross yield 14.36%
Net yield 8.58%

A high yielding investment opportunity located in the heart of Middlesbrough. Rede House is a popular development and perfect cash investment with anticipated NET yields in excess of 8%!


We are pleased to present this premium studio apartment within the popular Rede House development, in Middlesbrough city centre.

This Premium 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.

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.

Teesside University is perfectly positioned under 10 minutes’ walk away, and with Middlesbrough Train Station is also nearby the corner, students can travel up to the bright lights of Newcastle in just over an hour.

This is a popular development opportunity in the heart of the student hub of Middlesbrough.

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 to recieve further details upon this investment opportunity

Key features

Key features

NET yield potential of 8.58%!

Key features

Premium specification

Key features

Fully furnished

Key features

Managed by experienced lettings agents - Fortis

Key features

Cinema Room

Key features

Residents gym onsite

Key features

En-suite shower room

Key features

Modern fully fitted kitchen

A high yielding investment opportunity located in the heart of Middlesbrough. Rede House is a popular development and perfect cash investment with anticipated NET yields in excess of 8%! More info...

We are pleased to present this premium studio apartment within the popular Rede House development, in Middlesbrough city centre.

This Premium 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.

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.

Teesside University is perfectly positioned under 10 minutes’ walk away, and with Middlesbrough Train Station is also nearby the corner, students can travel up to the bright lights of Newcastle in just over an hour.

This is a popular development opportunity in the heart of the student hub of Middlesbrough.

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

  • Key features
    Tick Desktop NET yield potential of 8.58%!
    Tick Desktop Premium specification
    Tick Desktop Fully furnished
    Tick Desktop Managed by experienced lettings agents - Fortis
    Tick Desktop Cinema Room
    Tick Desktop Residents gym onsite
    Tick Desktop En-suite shower room
    Tick Desktop Modern fully fitted kitchen
  • 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 £5,456
Ground rent £250
Service charge £1,421
Lettings fees £524
Net income £3,261
Gross yield 14.36%
Net yield 8.58%

*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.