Rede House, 66-77 Corporation Road, Middlesbrough, TS1 1LY
Size: 27.1 sqm
Purchase price
£37,500
Size: 27.1 sqm
Tenanted
Gross rent | £5,865 |
Ground rent | £250 |
Service charge | £1,742 |
Lettings fees | £774 |
Net income | £3,099 |
Gross yield | 15.64% |
Net yield | 8.26% |
EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING 8.26% NET - CASH BUYERS ONLY! Deluxe boutique student apartment in the heart of Middlesborough.
**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
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 also just a short walk away, 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
Earn instant income
Cash buyers only
8.26% NET yield
Deluxe studio
Fully furnished
Onsite gymnasium
Communal areas
Excellent location
Great transport links
Close to university
EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING 8.26% NET - CASH BUYERS ONLY! Deluxe boutique student apartment in the heart of Middlesborough. More info... Less info...
**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
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 also just a short walk away, 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.
*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.
Gross rent | £5,865 |
Ground rent | £250 |
Service charge | £1,742 |
Lettings fees | £774 |
Net income | £3,099 |
Gross yield | 15.64% |
Net yield | 8.26% |
*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.
Not to worry though, the Professor has picked out some similar properties that you might be interested in
Rede House, 66-77 Corporation Road, Middlesbrough, TS1 1LY
Annual rent | £3,099 |
Net yield | 8.26% |
Rede House, 66-77 Corporation Road, Middlesbrough, TS1 1LY
Annual rent | £3,099 |
Net yield | 8.26% |
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yieldit is a company registered in England and Wales. Registered number: 5236745.