Studio apartment

Rede House, 6-77 Corporation Road, Middlesbrough TS1 1LY

Size: 23.7 sqm

Purchase price

£38,000

Size: 23.7 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,610
Ground rent £250
Service charge £1,421
Lettings fees £746
Net income £3,193
Gross yield 14.76%
Net yield 8.40%

AN AMAZING INVESTMENT OPPORTUNITY WITH A NET YIELD OF 8.40%! A premium studio apartment in the highly sought after student accommodation - Rede House, Middlesbrough.


A premium studio apartment within the popular Rede House development, in Middlesbrough city centre. 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 just around the corner, students can travel up to the bright lights of Newcastle in just over an hour.

This Deluxe 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.

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!

The Middlesbrough student market is ripe for investment as it continues to be structurally undersupplied, with Teesside University providing just 1,124 beds for its populace of over 20,000 students, leaving many searching for accommodation within the city’s private student housing market making Rede House the perfect investment!

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 for more information

Key features

Key features

Popular student development

Key features

Tenanted for 2019/20

Key features

Local to universities

Key features

Great transport links

Key features

Managed by experienced student management

Key features

NET yields of 8.40%

Key features

Features all local amenities

AN AMAZING INVESTMENT OPPORTUNITY WITH A NET YIELD OF 8.40%! A premium studio apartment in the highly sought after student accommodation - Rede House, Middlesbrough. More info...

A premium studio apartment within the popular Rede House development, in Middlesbrough city centre. 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 just around the corner, students can travel up to the bright lights of Newcastle in just over an hour.

This Deluxe 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.

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!

The Middlesbrough student market is ripe for investment as it continues to be structurally undersupplied, with Teesside University providing just 1,124 beds for its populace of over 20,000 students, leaving many searching for accommodation within the city’s private student housing market making Rede House the perfect investment!

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

  • Key features
    Tick Desktop Popular student development
    Tick Desktop Tenanted for 2019/20
    Tick Desktop Local to universities
    Tick Desktop Great transport links
    Tick Desktop Managed by experienced student management
    Tick Desktop NET yields of 8.40%
    Tick Desktop Features all local amenities
  • 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 £5,610
Ground rent £250
Service charge £1,421
Lettings fees £746
Net income £3,193
Gross yield 14.76%
Net yield 8.40%

*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.