Studio

66-67 Corporation Road, 
Middlesbrough, 
TS1 1LG
SSTC
  • Tenanted
ATTENTION INVESTORS - EARN INSTANT INCOME ON THIS ALREADY TENANTED INVESTMENT OPPORTUNITY! Student accommodation in the heart of Middlesbrough - ENQUIRE TODAY
  • Financial Performance*
Gross rent
£6,050
Ground rent
£250
Service charge
£2,592
Lettings fees
£798
Net income
£2,410
Gross yield
23.27%
Net yield
9.27%
  • Key Features
  • Excellent hands off investment property
  • Oustanding yield above 8% NET
  • Tenanted for the 2024 academic year
  • Self contained student studio
  • Purpose built student accommodation
  • Desirable unit
  • Fully furnished
  • Kitchenette and ensuite
  • Fantastic on site amenities
  • Enquire today to find out more

**PLEASE NOTE! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property – cash buyers only need apply!

Yieldit are pleased to present this premium studio apartment situated within the popular Rede House development located in Middlesbrough city centre. Rede House is a high-quality and modern student development 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 also just a short walk away, 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 strong rental history of this development!

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 – this makes Rede House the perfect investment!

**Please note, the pictures used are of a show flat for marketing purposes and may not be representative of the actual unit for sale. Please enquire for further information on this.**

  • Financial Performance *
Gross rent
£6,050
Ground rent
£250
Service charge
£2,592
Lettings fees
£798
Net income
£2,410
Gross yield
23.27%
Net yield
9.27%
*All information is provided as a guideline only, is subject to change and does not constitute a contract. As with any investment, please remember that the value of property may go up or down.
  • Location
  • EPC
Energy Performance Rating