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Property Listing Details

Studio for sale

Rede House, Corporation Road, Middlesbrough TS1

  • Sold subject to contract
  • Investment


Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 48 page views

Since listed: 612 page views


This property is a premium student studio apartment within the popular Rede House development and is only a 10 minute walk away from Teesside University. This spacious studio apartment includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the luxury on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room. With so much on offer, it is no surprise that Rede House is fully let for this academic year and is currently taking reservations for the next!

Rede House is ideally located in the centre of Middlesbrough with Middlesbrough train station being just around the corner, giving students fast access to Newcastle in just over an hour! There is no shortage of things to do in this city with four shopping centres and Middlesbrough's iconic venue, the Empire, playing host to a number of world-famous theatre shows and music acts. It is no wonder students consider Middlesbrough to be a haven, ensuring that purpose-built student accommodation in the town continues to produce strong letting figures.

Purpose-built student accommodation is becoming more and more of a big deal in recent years as universities become more expensive and students look for better value in their accommodation. Developments like Rede House offer a superior university experience and are generally over subscribed in markets like Middlesbrough which is home to far more students than the university could ever hope to house itself.

Financial Breakdown

Gross rent: £5,175
Ground rent: £250
Service charge: £1,421
Lettings fees: £683
Net income: £2,821
Gross yield: 16.17%
Net yield: 8.81%

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-13252

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

  • Properties sold


Rental opportunities

£1,218 pcm

Recent sales nearby

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Estimated running costs

Based on available 3rd party data

Mortgage calculator

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The Developer

Price history

Sold prices provided by Land Registry
18th Mar 2019 £33,750 Price reduced by £1,250
26th Feb 2019 £35,000 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.