Studio for sale

£39,995 Offers in region of

Corporation Road, Middlesbrough TS1

1
Interested in this property? Call +44 20 8022 7495 * or

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Property features

  • Central heating
  • Double glazing
  • Porter/security
  • Free WiFi for residents
  • Communal Lounge with Sky TV, study areas, pool table, PS4 and table tennis
  • Cinema room / Post Room / Laundry Room / Free 24/7 onsite gym
  • Cycle storage
  • 247 year leasehold
  • Tenanted and fully managed with circa 9% rental yield

Property description

Flambard Williams present a fantastic opportunity to own a luxury studio in Middlesbrough which provides an income of circa 9% per year. Each studio has its own kitchen, bathroom and study area, and also provides access to the building's onsite gym, cinema and entertainment rooms.

Rede House is a 240 unit student accommodation building based in Middlesbrough. The property was completed by Fortis Developments to a very high standard; facilities include a gymnasium, cinema room, communal lounge, cycle storage and laundry facilities.

The property is just a short walk from Teesside University and the city's shops, restaurants, bars and central station. The great location, coupled with fantastic facilities makes Rede House ideal for savvy property investors.

Regional cities such as Middlesbrough, have a severe shortage of quality rental accommodation and can therefore command higher than average yields in the student property sector. This property offers circa 9% compared to a 6% national average and confirming the current trend of students preferring pbsa over traditional housing, Rede House has been 100% occupied since it was completed back in 2014.

Rede House is a hands free investment, with all management, letting and maintenance of the building handled through Fortis Student Lettings. Investors simply sit back and receive quarterly income payments.
Floorplan(s): Floorplan 1

View original

Nearby transport

  • Middlesbrough (0.2 miles)
  • James Cook University Hospital (2.0 miles)
  • South Bank (2.2 miles)
  • Durham Tees Valley Airport (9.2 miles)
  • Newcastle Airport (36.9 miles)
  • Leeds Bradford International Airport (52.1 miles)
  • Transporter Bridge South Side (0.5 miles)
  • Transporter Bridge North Side (0.6 miles)
  • Newcastle International Ferry Terminal (30.1 miles)

Nearby schools

View all schools in Middlesbrough
  • Abingdon Primary School (0.4 miles)
  • Breckon Hill Primary School (0.6 miles)
  • Newport Primary School (0.7 miles)
  • River Tees High Academy (1.9 miles)
  • Endeavour Academy Durham (13.8 miles)
  • Durham Sixth Form Centre (19.6 miles)
  • Macmillan Academy (1.5 miles)
  • River Tees Middle Academy (1.9 miles)
  • Hollis Academy (1.9 miles)
Note: Distances are straight line measurements

Local info for Middlesbrough

For more information about this property, please contact
Flambard Williams, CM2 on +44 20 8022 7495 * (local rate)

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Flambard Williams, and do not constitute property particulars. Please contact Flambard Williams for full details and further information. The Running Costs data displayed on this page are provided by SmartNewHomes to give an indication of potential running costs based on various data sources. SmartNewHomes does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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