Rede House, Corporation Road, Middlesbrough
- PROPERTY TYPE
Land
- SIZE
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Description
Exceptional Buy-to-Let Investment Opportunity
The biggest opportunities often appear where others hesitate
Fully managed - No maintenance costs - 60% below original market value - 20% yield
A rare chance to acquire a modern apartment at a substantial discount of circa 50-60% on market value. Offering an attractive rental return in excess of 10% after service charge is paid, this property presents an excellent opportunity for investors seeking strong income and long-term growth potential.
Unlike many traditional investment properties, major external maintenance responsibilities such as roof repairs and building upkeep are managed and paid for through the service charge, reducing unexpected ownership costs and management headaches you’d typically get on a buy to let house
This modern apartment benefits from contemporary construction standards, low maintenance requirements, and strong tenant appeal. Now available at approximately 60% below comparable market values, this represents a compelling entry point into the buy-to-let sector.
Rede House Student Apartments high-quality and modern accommodation 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 your rent, make Rede House ideal for student life in Middlesbrough.
Each studio has its own kitchen, bathroom and study area, and you’ll also get access to the building’s onsite gym, cinema and entertainment rooms.
Service charge £1997 per year
Ground rent £230 per year
Rental £7,140 per year
Net profit circa £4,900 per year
Yield 20% at valuation £25,000
N.B service charge, ground rent , and rental income is all paid upto date
Brochures
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NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Middlesbrough Station0.2 miles
- South Bank Station2.2 miles
- Marton Station2.6 miles
Notes
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