Studio flat for sale

Corporation Road, Middlesbrough, Cleveland, TS1

Fixed Price £39,820

Property Description

Key features

  • Earn 7.0% net after charges
  • Invest from just 39,820.00
  • Fully tenanted and managed student studio
  • Leading student management company

Full description

Tenure: Leasehold

Rede House is a fully completed and operational student development situated in Middlesbrough. Such is the demand for student rooms in Rede House, the development is already fully booked for the forthcoming academic year 2017-18. The development comprises of 230 deluxe, premium and standard studios, designed to provide higher class accommodation. Rede House also takes home many communal facilities from, a fully equipped gym and secure bike area, to an entertainment, lounge and laundry room. The development also benefits from the retail units on the ground floor.

Key to the ongoing success of the Rede House development, is its location just yards from the main campus of Teeside University and its 30,000 full time students. With many units overlooking the main campus from its location across the road, the high demand for student units within Rede House is likely to consistent in the years to come.

This spacious deluxe studio has been fully tenanted since the opening of the development two years, and we confirm that a new tenant is in place for the academic year 2017-2018. As a Premium Studio, this unit is booked for the academic year at 44 weeks at 110.00 per week. The unit is a large self contained studio which includes an ensuite shower room, fitted kitchen, study area and double bed.

Investment Highlights
Invest from 39,820
Deluxe studio - 21.8 square metres
2017-18 contract (44 weeks at 110.00)
2,787.28 net per annum
7.0% net yield currently delivered
3 minutes walk from Teeside University
Currently tenanted and operational
Approximately 30,000 students
Recently refurbished to a high standard

Location Details
Middlesbrough takes home stunning architecture and a transporter bridge which lights up the skyline. Middlesbrough also hosts excellent transportation links, from train services to ferries which sees around 1.4 million passengers yearly. Students are attracted to the area with the city taking home four shopping centres and the iconic 'The Empire' venue, which hosts numerous theatre and music acts.

Rede House- Walking Distances
Middlesbrough train station - 5 minutes
Teesside University - 3 minutes
Middlesbrough Library - 10 minutes
Riverside Stadium - 15 minutes
The Mall - 20 minutes

Purchase Process
1. Complete the reservation form and pay the 2,000 reservation fee.
2. Instruct solicitors and receive legal and sales pack
3. Pay the remaining balance on completion of contracts


Listing History

Added on Rightmove:
22 September 2017

Nearest stations

  • Middlesbrough (0.2 mi)
  • South Bank (2.2 mi)
  • Marton (2.6 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Hopwood House Limited, Manchester

The Forum Windmill Lane, Denton, M34 3QS

0161 468 0126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Middlesbrough (0.2 mi)
  • South Bank (2.2 mi)
  • Marton (2.6 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Hopwood House Limited, Manchester

The Forum Windmill Lane, Denton, M34 3QS

0161 468 0126 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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