Studio apartment

Rede House, Corporation Road, Middlesborough

Size: 33.9 sqm

Purchase price

£45,000

Size: 33.9 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £6,885
Ground rent £250
Service charge £2,254
Lettings fees £909
Net income £3,473
Gross yield 15.3%
Net yield 7.72%

**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 located 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 just a short 10 minute walk away, and Middlesbrough Train Station also just a short walk away, so students can travel up to 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.

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING 7.68% NET - CASH BUYERS ONLY! Deluxe boutique student apartment in the heart of Middlesborough.

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Student investment

Key features

Sought after development

Key features

Fully furnished

Key features

Fully managed

Key features

Studio apartment

Key features

Tenanted

EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY YIELDING 7.68% NET - CASH BUYERS ONLY! Deluxe boutique student apartment in the heart of Middlesborough. More 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 located 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 just a short 10 minute walk away, and Middlesbrough Train Station also just a short walk away, so students can travel up to 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 Earn instant income
    Tick Desktop Student investment
    Tick Desktop Sought after development
    Tick Desktop Fully furnished
    Tick Desktop Fully managed
    Tick Desktop Studio apartment
    Tick Desktop Tenanted
  • 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 £6,885
Ground rent £250
Service charge £2,254
Lettings fees £909
Net income £3,473
Gross yield 15.3%
Net yield 7.72%

*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.