No longer on the market
This property is no longer on the market
MapStudio
Studio
1 bath
215
Key information
Tenure: Leasehold | 250 yrs left
Ground rent: £226.20 per annum | review period: unconfirmed
Service charge: £2,258.28 per annum
Council tax: Ask agent
Features and description
Investment Opportunity: Apartment 3.31, Rede House, Middlesbrough, TS1 1LY - £33,500
Purpose-Built Student Studio | 14.5% NET Yield | Fully Managed | Teesside Uni 10-min Walk
Welcome to Rede House, a modern and fully managed student accommodation development in the heart of Middlesbrough. Apartment 3.31 is a self-contained studio apartment on the third floor, offering a hands-off investment opportunity with strong rental demand and an impressive 14.5% NET yield based on 2024/25 running costs.
Property Highlights:
* Price: £33,500
* Size: 20.3m² Studio Apartment
* Tenure: Leasehold - 250 years from Feb 2014
* Ground Rent: £226.20 per annum (RPI linked)
* Service Charge: £2,258.28 (2024/25)
* Furniture: Fully Furnished
* Payment Terms: 100% on exchange/completion
* Management & Lettings: Xenia Lettings - Fully Managed
Investment Snapshot:
* Rental Income:
- £160/week (51 weeks) = £8,160 p.a.
- £152.50/week (43 weeks) = £6,557.50 p.a.
* Letting Fees: £805.20 per 10-month tenancy
* Occupancy: Consistently tenanted
* Tenancy Dates:
- 9 Sep 2024 - 14 Jul 2025 (44 weeks)
- 5 Sep 2025 - 27 Aug 2026 (51 weeks)
* Net Yield: Estimated 14.5%
Location Perks:
* Corporation Road, Middlesbrough - Central location
* Teesside University - <10 minutes' walk
* Middlesbrough Train Station - <5 minutes' walk
* Middlesbrough College - 6 mins by car
* Durham University (Queen's Campus) - 9 mins by bus
Facilities at Rede House:
* En-suite bathroom
* Complimentary Wi-Fi
* Fully equipped kitchenette
* 24/7 On-Site Team & Out-of-Hours Support
* Social Area & Tenant Events
* CCTV & Secure Access
* Gym & Laundry Room
* Bike Storage
Whether you're a seasoned investor or entering the student accommodation market for the first time, Apartment 3.31 presents a low-entry, high-yield opportunity in a well-located and popular development.
Fully Tenanted | No Rental Guarantee Required | Proven Returns
Tenure: Leasehold (250 years)
Ground Rent: £226.2 per year
Service Charge: £2,258.28 per year
Purpose-Built Student Studio | 14.5% NET Yield | Fully Managed | Teesside Uni 10-min Walk
Welcome to Rede House, a modern and fully managed student accommodation development in the heart of Middlesbrough. Apartment 3.31 is a self-contained studio apartment on the third floor, offering a hands-off investment opportunity with strong rental demand and an impressive 14.5% NET yield based on 2024/25 running costs.
Property Highlights:
* Price: £33,500
* Size: 20.3m² Studio Apartment
* Tenure: Leasehold - 250 years from Feb 2014
* Ground Rent: £226.20 per annum (RPI linked)
* Service Charge: £2,258.28 (2024/25)
* Furniture: Fully Furnished
* Payment Terms: 100% on exchange/completion
* Management & Lettings: Xenia Lettings - Fully Managed
Investment Snapshot:
* Rental Income:
- £160/week (51 weeks) = £8,160 p.a.
- £152.50/week (43 weeks) = £6,557.50 p.a.
* Letting Fees: £805.20 per 10-month tenancy
* Occupancy: Consistently tenanted
* Tenancy Dates:
- 9 Sep 2024 - 14 Jul 2025 (44 weeks)
- 5 Sep 2025 - 27 Aug 2026 (51 weeks)
* Net Yield: Estimated 14.5%
Location Perks:
* Corporation Road, Middlesbrough - Central location
* Teesside University - <10 minutes' walk
* Middlesbrough Train Station - <5 minutes' walk
* Middlesbrough College - 6 mins by car
* Durham University (Queen's Campus) - 9 mins by bus
Facilities at Rede House:
* En-suite bathroom
* Complimentary Wi-Fi
* Fully equipped kitchenette
* 24/7 On-Site Team & Out-of-Hours Support
* Social Area & Tenant Events
* CCTV & Secure Access
* Gym & Laundry Room
* Bike Storage
Whether you're a seasoned investor or entering the student accommodation market for the first time, Apartment 3.31 presents a low-entry, high-yield opportunity in a well-located and popular development.
Fully Tenanted | No Rental Guarantee Required | Proven Returns
Tenure: Leasehold (250 years)
Ground Rent: £226.2 per year
Service Charge: £2,258.28 per year
Property information from this agent
About this agent
Residential Estates is an independent property company that provides unrivalled expertise in UK residential and commercial investments, property management, and sales as well as lettings. Covering all aspects of the property industry, our estate agents and consultants are experts in investment properties, sales, and lettings, this ensures that you are in safe hands with experts available to assist you with your property. With more than 26 years in the industry, we are associated with the Property Ombudsman for your complete peace of mind.