Studio for sale in Middlesbrough TS1, 0 Bedroom

This spacious Premium Studio apartment is offered fully furnished and includes an en-suite shower room, fitted kitchen, study area and a double bed. Students also benefit from Rede House's many communal areas including a cinema room, lounge (with Sky TV!), games room and resident's only gym. This development's great location in the centre of Middlesbrough, coupled with fantastic facilities and all bills included in the rent, make Rede House an extremely popular choice for students and unsurprisingly, Rede House is fully let for this academic year and is currently taking reservations for the next!

Rede House is ideally located in the centre of Middlesbrough with Middlesbrough train station located just around the corner, giving students fast access to Newcastle in just over an hour! There is no shortage of things to do in this city with four shopping centres and Middlesbrough's iconic venue, the Empire, playing host to a number of world-famous theatre shows and music acts. With so much to offer, it is no wonder students consider Middlesbrough to be a haven, ensuring that purpose-built student accommodation in the city continues to produce strong letting figures.

Purpose-built student accommodation is becoming more and more of a big deal in recent years as universities become more expensive and students look for better value in their accommodation. Developments like Rede House offer a superior university experience and are generally oversubscribed in markets like Middlesbrough which is home to far more students than the university could ever hope to house itself.

Financial Breakdown

Gross rent: £5,483
Ground rent: £250
Service charge: £1,362
Lettings fees: £713
Net income: £3,158
Gross yield: 15.66%
Net yield: 9.02%

Important Note To Purchasers

*Service charge, management fee and ground rent are included as part of the assured rental period.
These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-13352