Studio apartment

Rede House, 66-77 Corporation Road,

Size: 28.4 sqm

Purchase price

£35,000

Size: 28.4 sqm

Tenanted

Tenanted
Finance breakdown
Financial performance*
Gross rent £5,483
Ground rent £250
Service charge £1,917
Lettings fees £724
Net income £2,591
Gross yield 15.66%
Net yield 7.40%

**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!

Yieldit are pleased to present a number of studio apartments situated within the popular Rede House development located in Middlesbrough city centre. Rede House is a high-quality and modern student development 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.

These studios are 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 strong rental history of this development!

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 - this makes Rede House the perfect investment!

Interested? Take a look at the financial projections below based on a fourth floor deluxe studio. We have a number of investment opportunities available in this development, so please contact us today to request a full breakdown.

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

ATTENTION INVESTORS - ALREADY TENANTED INVESTMENT OPPORTUNITIES! Multiple studio units available in this superb student development, minutes from Teeside University. ENQUIRE TODAY - CASH BUYERS ONLY!

Interested in this property? Enquire today for more information

Key features

Key features

Earn instant income

Key features

Multiple units available

Key features

Well known student development

Key features

Hands off investment opportunity

Key features

Communal areas

Key features

Close to Teeside University

Key features

Onsite gymnasium

Key features

Fully furnished

Key features

Studio apartments

Key features

Unrivalled location

ATTENTION INVESTORS - ALREADY TENANTED INVESTMENT OPPORTUNITIES! Multiple studio units available in this superb student development, minutes from Teeside University. ENQUIRE TODAY - CASH BUYERS ONLY! 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!

Yieldit are pleased to present a number of studio apartments situated within the popular Rede House development located in Middlesbrough city centre. Rede House is a high-quality and modern student development 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.

These studios are 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 strong rental history of this development!

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 - this makes Rede House the perfect investment!

Interested? Take a look at the financial projections below based on a fourth floor deluxe studio. We have a number of investment opportunities available in this development, so please contact us today to request a full breakdown.

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 Multiple units available
    Tick Desktop Well known student development
    Tick Desktop Hands off investment opportunity
    Tick Desktop Communal areas
    Tick Desktop Close to Teeside University
    Tick Desktop Onsite gymnasium
    Tick Desktop Fully furnished
    Tick Desktop Studio apartments
    Tick Desktop Unrivalled location
  • 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 £5,483
Ground rent £250
Service charge £1,917
Lettings fees £724
Net income £2,591
Gross yield 15.66%
Net yield 7.40%

*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.