Student Room

66-77 Corporation Road, 
Middlesbrough, 
TS1 1LY
Purchase price
£35,000
  • 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
£6,698
Ground rent
£228
Service charge
£2,692
Lettings fees
£884
Net income
£2,893
Gross yield
19.14%
Net yield
8.27%
  • Key Features
  • Excellent hands off investment property
  • Oustanding yield above 8% NET
  • Purpose built student accommodation
  • Self contained student studio
  • Fully furnished
  • Kitchenette and ensuite

**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 superior 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 superior 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 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!

  • Financial Performance *
Gross rent
£6,698
Ground rent
£228
Service charge
£2,692
Lettings fees
£884
Net income
£2,893
Gross yield
19.14%
Net yield
8.27%
*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