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Property Listing Details

Studio for sale

Rede House, Corporation Road, Middlesbrough TS1

  • Investment
Offers over

£30,000

Property details

  • 1 bedroom

Features

  • Leasehold
  • Viewings And Offers Invited
  • No onward chain
  • Occupied until July 2019
  • Low Maintenance Student Apartment
  • Well Placed For Amenities And Uni
  • On Site Communal Leisure Facilities
  • Unique Investment Opportunity
  • Potential Gross Yield Of Up To 18.2%
  • EPC rating C
  • Contact hunters teesside On

Listing view statistics

Last 30 days: 13 page views

Since listed: 1201 page views

Description

Located in the heart of Middlesbrough town centre and well placed for Teesside University, Rede House is a purpose build block of accommodation exclusively for students.

Made up of 240 Student apartments, the building has been designed to offer quality accommodation with use of communal facilities including a gym, cinema room, recreational room and use of a laundry room.

Further information can be found directly on the Rede House website with a representation of the accommodation available:


Currently tenanted until July 2019 with a rental income of £107.50 per week, the sale of the property incorporates the existing management contract with Fortis Management.

Offered with no onward chain contact Hunters teesside to arrange your appointment to view.

Communal entrance foyer
Communal entrance foyer with access to post boxes and block manager's office.

Communal leisure facilities
Located on the ground floor, the building offers residences use of communal leisure facilities included within the building and covered by the ground rent and service charges. These facilities include Wifi, Sky in the cinema room, a recreational room, gym and laundry facilities.

Gym

cinema room

recreation room

apartment accommodation
2.64m (8' 8") x 5.95m (19' 6") Max Measurements
An L shaped open plan studio apartment, the property has fitted carpets to the main living space and laminate flooring to the kitchen area.

Complete with integrated electric oven and hob, microwave and fridge unit, the kitchen area is made up of high gloss units.

Apartment shower room
1.19m (3' 11") x 2.18m (7' 2") Max Measurements
The en suite shower room is tiled to the utilities and has lino flooring and is made up of a white three piece suite comprising of a hand basin, low level WC and shower cubicle.

Tenancy information
Sale is subject to existing management agreement with Fortus Management.

Currently tenants until 12th July 2019 on a 44 week tenancy, with occupants paying £107.50 per week.

Floorplan

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

Looking for an investment? The average rent for a 1 bedroom flat in TS1 is currently:

£429 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

How much could I borrow?

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The Agent

Price history

Sold prices provided by Land Registry
14th Dec 2018 £30,000 Price reduced by £5,000
17th Oct 2018 £35,000 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Hunters - Teesside. 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 Hunters - Teesside for full details and further information.