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Property Listing Details

Property details

  • 1 bathroom
  • Floor area 215 sq. ft

Features

  • Leasehold
  • Double glazing
  • Porter/security
  • 2018-19 contract (44 weeks at £115.00)
  • 3 minutes walk to Teeside University
  • 8.76% net yield currently delivered

Listing view statistics

Last 30 days: 64 page views

Since listed: 862 page views

Description

Rede House is a fully completed and operational student development situated in Middlesbrough. Such is the demand for student rooms in Rede House, the development is already fully booked for the forthcoming academic year 2018-19. The development comprises of 230 deluxe, premium and standard studios, designed to provide higher class accommodation. Rede House also takes home many communal facilities from, a fully equipped gym and secure bike area, to an entertainment, lounge and laundry room. The development also benefits from the retail units on the ground floor.

Key to the ongoing success of the Rede House development, is its location just yards from the main campus of Teeside University and its 30,000 full time students. With many units overlooking the main campus from its location across the road, the high demand for student units within Rede House is likely to consistent in the years to come.

This spacious deluxe studio has been fully tenanted since the opening of the development and we confirm that a tenant is in place for the academic year 2018-2019. As a Premium Studio, this unit is booked for the academic year at 44 weeks at £115.00 per week. The unit is a large self contained studio which includes an ensuite shower room, fitted kitchen, study area and double bed.

Investment Highlights
Deluxe studio - 20 square metres
2018-19 contract (44 weeks at £115.00)
£3068 net per annum
8.76% net yield currently delivered
3 minutes walk from Teeside University
Currently tenanted and operational
Approximately 30,000 students
Recently refurbished to a high standard

Location Details
Middlesbrough takes home stunning architecture and a transporter bridge which lights up the skyline. Middlesbrough also hosts excellent transportation links, from train services to ferries which sees around 1.4 million passengers yearly. Students are attracted to the area with the city taking home four shopping centres and the iconic 'The Empire' venue, which hosts numerous theatre and music acts.

Rede House- Walking Distances
Middlesbrough train station - 5 minutes
Teesside University - 3 minutes
Middlesbrough Library - 10 minutes
Riverside Stadium - 15 minutes
The Mall - 20 minutes

Purchase Process
1. Complete the reservation form and pay the £2,000 reservation fee.
2. Instruct solicitors and receive legal and sales pack
3. Pay the remaining balance on completion of contracts

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:

  • £92,695
  • Price increase

  • £1,164
  • (1.272%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £52,375
  • Properties sold

    4

Rental opportunities

£1,252 pcm

Recent sales nearby

See all recent sales in TS1
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Estimated running costs

Based on available 3rd party data

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The Agent

Price history

Sold prices provided by Land Registry
8th Apr 2019 £34,995 Price reduced by £1,005
7th Feb 2019 £36,000 Price reduced by £1,500
16th Jan 2019 £37,500 First listed

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Property descriptions and related information displayed on this page are marketing materials provided by Hopwood House. 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 Hopwood House for full details and further information.