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Property Listing Details

Studio for sale

Rede House, Corporation Road, Middlesborough TS1

  • Sold subject to contract
  • Investment

£36,000

Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 4 page views

Since listed: 115 page views

Description

A deluxe studio apartment within the popular Rede House development in Middlesbrough city centre. 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.

Teesside University is perfectly positioned under 10 minutes’ walk away, and with Middlesbrough Train Station just around the corner, students can travel up to the bright lights of Newcastle in just over an hour.

This Deluxe 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!

The Middlesbrough student market is ripe for investment as it continues to be structurally undersupplied, with Teesside University providing just 1,124 beds for its populace of over 20,000 students, leaving many searching for accommodation within the city’s private student housing market making Rede House the perfect investment!

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

Financial Breakdown

Gross rent: £5,390
Ground rent: £150
Service charge: £1,481
Lettings fees: £711
Net income: £3,048
Gross yield: 15.4%
Net yield: 8.71%

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-13662

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

£1,075 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

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The Developer

Price history

Sold prices provided by Land Registry
25th Jun 2019 £36,000 Price reduced by £4,000
21st Jun 2019 £40,000 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.