Studio apartment

Rede House, Corporation Road, Middlesbrough, TS1 1LS

Size: 20.3 sqm

SSTC

£40,000

Size: 20.3 sqm

SQM

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,483
Ground rent £150
Service charge £1,362
Lettings fees £724
Net income £3,247
Gross yield 14.43%
Net yield 8.54%

***GROSS YIELD OF 13.71%*** LUXURY STUDENT ACCOMMODATION!! Enquire today to avoid disappointment! A premium studio apartment only minutes away from Teesside University!


This premium studio apartment, which is producing a 8.12% NET Yield, comes fully furnished and complete with fitted kitchen and en-suite bathroom. Residents of Rede House also benefit from its many communal areas including a cinema room, lounge (with Sky TV!), games room and resident’s only gym.

Rede House is a high-quality and modern accommodation just 10 minutes away from Teesside University. Middlesbrough Train Station is also just around the corner, giving students fast access to Newcastle in just over an hour. The great location, coupled with fantastic facilities and all bills included in the rent, make Rede House an extremely popular choice for students.

Purpose-built student accommodation is becoming more and more of a big deal in recent years as universities become more expensive and students look for better value in their accommodation. Developments like Rede House offer a superior university experience and are generally over subscribed in markets like Middlesbrough which is home to far more students than the university could ever hope to house itself.

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

NET yield of 8.12%

Key features

Luxury student accommodation

Key features

Located in Middlesbrough city centre

Key features

Fully furnished

Key features

Fitted kitchen

Key features

Bicycle Storage

Key features

Communal games and lounge rooms

Key features

Resident's gym

Key features

Secure door entry

Key features

24-hour security

***GROSS YIELD OF 13.71%*** LUXURY STUDENT ACCOMMODATION!! Enquire today to avoid disappointment! A premium studio apartment only minutes away from Teesside University! More info...

This premium studio apartment, which is producing a 8.12% NET Yield, comes fully furnished and complete with fitted kitchen and en-suite bathroom. Residents of Rede House also benefit from its many communal areas including a cinema room, lounge (with Sky TV!), games room and resident’s only gym.

Rede House is a high-quality and modern accommodation just 10 minutes away from Teesside University. Middlesbrough Train Station is also just around the corner, giving students fast access to Newcastle in just over an hour. The great location, coupled with fantastic facilities and all bills included in the rent, make Rede House an extremely popular choice for students.

Purpose-built student accommodation is becoming more and more of a big deal in recent years as universities become more expensive and students look for better value in their accommodation. Developments like Rede House offer a superior university experience and are generally over subscribed in markets like Middlesbrough which is home to far more students than the university could ever hope to house itself.

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 NET yield of 8.12%
    Tick Desktop Luxury student accommodation
    Tick Desktop Located in Middlesbrough city centre
    Tick Desktop Fully furnished
    Tick Desktop Fitted kitchen
    Tick Desktop Bicycle Storage
    Tick Desktop Communal games and lounge rooms
    Tick Desktop Resident's gym
    Tick Desktop Secure door entry
    Tick Desktop 24-hour security
  • LocationLocation
  • EPCEPC

*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 £5,483
Ground rent £150
Service charge £1,362
Lettings fees £724
Net income £3,247
Gross yield 14.43%
Net yield 8.54%

*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.