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Property Listing Details

Property details

Features

  • 24hr CCTV security system, with a fob entry to the main doors
  • Communal Lounge with Sky TV, study areas, pool table, PS4 and table tennis
  • Free WiFi for residents
  • Free 24/7 onsite gym
  • Fully Furnished
  • Cinema Room
  • Laundry Room
  • Cycle storage
  • Tenanted and fully managed with circa 7% net rental yield

Listing view statistics

Last 30 days: 199 page views

Since listed: 352 page views

Description

Looking for the ideal property investment in Middlesbrough? This quality studio apartment in the heart of the city centre is earning investors circa 7% net per year! The studio has its own kitchen, bathroom and study area, along with access to the developments onsite gym, cinema room & games rooms.

Looking for the ideal property investment in Middlesbrough? This quality studio apartment in the heart of the city centre is earning investors circa 7% net per year! The studio has its own kitchen, bathroom and study area, along with access to the developments onsite gym, cinema room & games rooms.

Flambard Williams present a fantastic opportunity to own a luxury studio in Middlesbrough which provides an income of circa 7% net per year. Each studio has its own kitchen, bathroom and study area, and also provides access to the building's onsite gym, cinema and entertainment rooms.

Rede House is a 240 unit student accommodation building based in Middlesbrough. The property was completed by Fortis Developments to a very high standard; facilities include a gymnasium, cinema room, communal lounge, cycle storage and laundry facilities.

The property is just a short walk from Teesside University and the city's shops, restaurants, bars and central station. The great location, coupled with fantastic facilities makes Rede House ideal for savvy property investors.

Regional cities such as Middlesbrough, have a severe shortage of quality rental accommodation and can therefore command higher than average yields in the student property sector. Rede House offers circa 7% net compared to a 5% national average and confirming the current trend of students preferring pbsa over traditional housing, Rede House has been 100% occupied since it was completed back in 2014.

Rede House is a hands free investment, with all management, letting and maintenance of the building handled through Fortis Student Lettings. Investors simply sit back and receive quarterly income payments.

You could get

Fast broadband Fast broadband

Up to 14.3 Mbps (Source: Ofcom)

Map & Nearby

Local Amenities

  • Middlesbrough 0.2 miles
  • Transporter Bridge South Side 0.5 miles
  • Abingdon Primary School 0.5 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 0.5 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

Mortgage calculator

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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
3rd Sep 2019 £39,995 First listed

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