Studio apartment

Rede House, Corporation Road, Middlesbrough, TS1 1LZ

Size: 20.3 sqm

Purchase price

£35,000

Size: 20.3 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,060
Ground rent £150
Service charge £1,362
Lettings fees £668
Net income £2,880
Gross yield 14.46%
Net yield 8.23%

***GROSS YIELD OF 12.65%*** 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 7.2% 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

Tenanted for immediate income!

Key features

Premium studio apartment

Key features

On-site security

Key features

Secure door entry

Key features

On-site maintenance

Key features

Fully furnished

Key features

Fitted kitchen

Key features

En-suite

Key features

Communal areas

Key features

Laundry room

***GROSS YIELD OF 12.65%*** 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 7.2% 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 Tenanted for immediate income!
    Tick Desktop Premium studio apartment
    Tick Desktop On-site security
    Tick Desktop Secure door entry
    Tick Desktop On-site maintenance
    Tick Desktop Fully furnished
    Tick Desktop Fitted kitchen
    Tick Desktop En-suite
    Tick Desktop Communal areas
    Tick Desktop Laundry room
  • 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 £5,060
Ground rent £150
Service charge £1,362
Lettings fees £668
Net income £2,880
Gross yield 14.46%
Net yield 8.23%

*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.