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Property Listing Details

Studio for sale

Rede House, 66-77 Corporation Road, Middlesbrough TS1

  • Sold subject to contract
  • Investment

£32,000

Property details

  • 1 bathroom

Listing view statistics

Last 30 days: 11 page views

Since listed: 946 page views

Description

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.

This 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!

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

Financial Breakdown

Gross rent: £4,430
Ground rent: £150
Service charge: £1,273
Lettings fees: £585
Net income: £2,422
Gross yield: 15.82%
Net yield: 8.65%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-12259

Map & Nearby

Local Amenities

  • Middlesbrough 0.2 miles
  • Transporter Bridge South Side 0.5 miles
  • Abingdon Primary School 0.4 miles
  • Newport Primary School 0.6 miles

Local map of the area

Map and Street View Map showing location of property

Local Amenities

  • Middlesbrough 0.2 miles
  • Transporter Bridge South Side 0.5 miles
  • Abingdon Primary School 0.4 miles
  • Newport Primary School 0.6 miles

Market stats

Sale activity

Average estimated value for a flat in TS1:

  • £93,617
  • Price decrease

  • -£3,237
  • (-3.342%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £52,375
  • Properties sold

    4

Rental opportunities

£1,218 pcm

Recent sales nearby

See all recent sales in TS1
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Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

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In association with

Your home may be repossessed if you do not keep up repayments on your mortgage.

The results are not provided by HSBC UK Bank plc and do not represent any particular mortgage product. Results are only indicative based on a repayment mortgage and are based solely on your inputs into the calculator. The monthly payments will depend on the product and repayment term you choose. Zoopla receive payment from HSBC UK Bank plc for this calculator and introductions resulting in decisions in principle.

The Developer

Price history

Sold prices provided by Land Registry
3rd Apr 2019 £32,000 Price reduced by £1,000
28th Jan 2019 £33,000 Price reduced by £5,000
19th Sep 2018 £38,000 Price reduced by £2,000
22nd Aug 2018 £40,000 Price reduced by £5,000
16th Aug 2018 £45,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Yieldit. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Yieldit for full details and further information.