Studio apartment

63-75 Corporation Street, Middlesbrough TS1 1LY

Size: 26 sqm

Purchase price

£34,000

Size: 26 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £4,880
Ground rent £150
Service charge £1,421
Lettings fees £644
Net income £2,665
Gross yield 14.35%
Net yield 7.84%

***Gross Yield of 14.35%*** A premium studio apartment within the popular Rede House development, in Middlesbrough city centre.


A premium studio apartment within the popular Rede House development, in Middlesbrough city centre producing a NET Yield of 7.84%.

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 Premium Studio is 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!

Interested in this property? Enquire today for more information

Key features

Key features

Near university

Key features

Fully furnished

Key features

Fitted kitchen

Key features

Located near city centre

Key features

Cycle storage

Key features

Games room

Key features

Cinema room

Key features

Net yield of 7.6%

***Gross Yield of 14.35%*** A premium studio apartment within the popular Rede House development, in Middlesbrough city centre. More info...

A premium studio apartment within the popular Rede House development, in Middlesbrough city centre producing a NET Yield of 7.84%.

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 Premium Studio is 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!

  • Key features
    Tick Desktop Near university
    Tick Desktop Fully furnished
    Tick Desktop Fitted kitchen
    Tick Desktop Located near city centre
    Tick Desktop Cycle storage
    Tick Desktop Games room
    Tick Desktop Cinema room
    Tick Desktop Net yield of 7.6%
  • 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 £4,880
Ground rent £150
Service charge £1,421
Lettings fees £644
Net income £2,665
Gross yield 14.35%
Net yield 7.84%

*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.