Studio apartment

Rede House, Corporation Road, Middlesbrough, TS1 1LY

Size: 24.4 sqm

Purchase price

£33,750

Size: 24.4 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,175
Ground rent £250
Service charge £1,421
Lettings fees £683
Net income £2,821
Gross yield 15.33%
Net yield 8.36%

INCREDIBLE STUDENT INVESTMENT OPPORTUNITY WITH A NET YIELD OF 8.06%! ENQUIRE TODAY!! A premium studio apartment in the fully let Rede House development in Middlesbrough!!


This property is a premium student studio apartment within the popular Rede House development and is only a 10 minute walk away from Teesside University. This spacious studio apartment includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the luxury on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room. With so much on offer, it is no surprise that Rede House is fully let for this academic year and is currently taking reservations for the next!

Rede House is ideally located in the centre of Middlesbrough with Middlesbrough train station being just around the corner, giving students fast access to Newcastle in just over an hour! There is no shortage of things to do in this city with four shopping centres and Middlesbrough’s iconic venue, the Empire, playing host to a number of world-famous theatre shows and music acts. It is no wonder students consider Middlesbrough to be a haven, ensuring that purpose-built student accommodation in the town continues to produce strong letting figures.

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.

Interested in this property? Enquire today for more information

Key features

Key features

NET yield of 8.06%

Key features

Development is fully let for 18/19 academic year

Key features

Located minutes away from Teesside University

Key features

Premium studio apartment

Key features

On-site security and maintenance

Key features

Fully furnished

Key features

Fitted kitchen

Key features

En-suite

Key features

Resident's gym

Key features

Communal lounge and cinema room

INCREDIBLE STUDENT INVESTMENT OPPORTUNITY WITH A NET YIELD OF 8.06%! ENQUIRE TODAY!! A premium studio apartment in the fully let Rede House development in Middlesbrough!! More info...

This property is a premium student studio apartment within the popular Rede House development and is only a 10 minute walk away from Teesside University. This spacious studio apartment includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the luxury on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room. With so much on offer, it is no surprise that Rede House is fully let for this academic year and is currently taking reservations for the next!

Rede House is ideally located in the centre of Middlesbrough with Middlesbrough train station being just around the corner, giving students fast access to Newcastle in just over an hour! There is no shortage of things to do in this city with four shopping centres and Middlesbrough’s iconic venue, the Empire, playing host to a number of world-famous theatre shows and music acts. It is no wonder students consider Middlesbrough to be a haven, ensuring that purpose-built student accommodation in the town continues to produce strong letting figures.

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.

  • Key features
    Tick Desktop NET yield of 8.06%
    Tick Desktop Development is fully let for 18/19 academic year
    Tick Desktop Located minutes away from Teesside University
    Tick Desktop Premium studio apartment
    Tick Desktop On-site security and maintenance
    Tick Desktop Fully furnished
    Tick Desktop Fitted kitchen
    Tick Desktop En-suite
    Tick Desktop Resident's gym
    Tick Desktop Communal lounge and cinema room
  • 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 £5,175
Ground rent £250
Service charge £1,421
Lettings fees £683
Net income £2,821
Gross yield 15.33%
Net yield 8.36%

*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.