Studio Flat For Sale £33,000
Earn instant income on this already tenanted investment opportunity - cash buyers only! Deluxe boutique student apartment in the heart of Middlesborough.
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
A premium student pod within the popular Rede House development in Middlesbrough city centre.
Rede House is a 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 the rent, makes Rede House ideal for student life in Middlesbrough.
Teesside University is just a short 10 minute walk away, and with Middlesbrough Train Station is also nearby the corner, students can travel up to the bright lights of Newcastle in just over an hour.
This student pod is spacious and includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £5,170
Ground rent: £250
Service charge: £1,591
Lettings fees: £672
Net income: £2,657
Gross yield: 15.67%
Net yield: 8.05%
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-11649
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
A premium student pod within the popular Rede House development in Middlesbrough city centre.
Rede House is a 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 the rent, makes Rede House ideal for student life in Middlesbrough.
Teesside University is just a short 10 minute walk away, and with Middlesbrough Train Station is also nearby the corner, students can travel up to the bright lights of Newcastle in just over an hour.
This student pod is spacious and includes an en-suite shower room, fitted kitchen, study area and a double bed. Students will also have access to the on-site amenities which include Wi-Fi, private residents’ gym, social area and cinema room.
Please note: Images shown are of a show apartment and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £5,170
Ground rent: £250
Service charge: £1,591
Lettings fees: £672
Net income: £2,657
Gross yield: 15.67%
Net yield: 8.05%
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-11649
