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Property Listing Details

Property details

  • 1 bathroom
  • 1 reception room

Listing view statistics

Last 30 days: 108 page views

Since listed: 108 page views

Description

Rede House is a high-quality and modern property investment opportunity. It is ideally situated it Middlesbrough, being just a short walk from Teesside University and a large selection of 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 just a 10-minute walk away from this property, and with Middlesbrough Train Station is also just around the corner, students can easily travel up to the bright lights of Newcastle in just over an hour.

This spacious, premium studio includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the on-site amenities such as Wi-Fi, a private residents’ gym, social area and cinema room.

Rede House’s popularity among students is illustrated in the fact that the development is fully let for this academic year and is already taking reservations for next year, make sure you don’t miss out on this fantastic opportunity and invest today.

Financial Breakdown

Gross rent: £4,950
Ground rent: £250
Service charge: £1,784
Lettings fees: £653
Net income: £2,262
Gross yield: 15.47%
Net yield: 7.07%

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-14526

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:

  • £92,627
  • Price decrease

  • -£285
  • (-0.307%)
  • Over the last 12 months

In the last 12 months

  • Average sale price

    £55,000
  • Properties sold

    1

Rental opportunities

£1,070 pcm

Recent sales nearby

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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
27th Nov 2019 £32,000 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.