Page main header

Skip to main content
Close main menu
Open main menu

Property Listing Details

Studio for sale

Rede House, 66-67 Corporation Road, Middlesbrough TS1

  • Sold subject to contract
  • Investment

£35,000

Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 8 page views

Since listed: 593 page views

Description

This spacious Premium Studio apartment is offered fully furnished and includes an en-suite shower room, fitted kitchen, study area and a double bed. Students also benefit from Rede House's many communal areas including a cinema room, lounge (with Sky TV!), games room and resident's only gym. This development's great location in the centre of Middlesbrough, coupled with fantastic facilities and all bills included in the rent, make Rede House an extremely popular choice for students and unsurprisingly, 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 located 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. With so much to offer, it is no wonder students consider Middlesbrough to be a haven, ensuring that purpose-built student accommodation in the city 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 oversubscribed in markets like Middlesbrough which is home to far more students than the university could ever hope to house itself.

Financial Breakdown

Gross rent: £5,183
Ground rent: £250
Service charge: £1,362
Lettings fees: £684
Net income: £2,886
Gross yield: 16.2%
Net yield: 9.02%

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-13352

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
Switch to next tab

Estimated running costs

Based on available 3rd party data

Mortgage calculator

£ per month

How much could I borrow?

In partnership with

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

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

The Developer

Price history

Sold prices provided by Land Registry
15th Mar 2019 £35,000 First listed

Want an expert valuation of your home?

Book an agent valuation
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.