Property Details

1 bedroom flat for sale For Sale

Rede House, Corporation Road, Middlesbrough, TS1

£47,500

ROI = 16% BMV = 89.12%

Gallery

Description

OVER 10% NET YIELD! This is a larger one bedroom apartment (not a small studio) Superb Cash Investment Opportunity Fully Furnished, Fully Managed & Currently Tenanted @ £182.50 per week Financial Performance For 2024/25 Rental Income: £182.50pw / £9,307.50 per annum on a 51-week contract Service Charge: £2,953.08 per annum Ground Rent: £250 per annum Lettings Fee 11% + VAT: £1,228.59 per annum NET INCOME: £4,875.83 NET YIELD: 10.3% Mr Investa presents this fantastic cash investment opportunity with this SPACIOUS ONE BEDROOM APARTMENT in Rede House. Tenanted & Generating Immediate Income! This will make a perfect addition to any investment portfolio or for first time investors alike. <i>Take a look at the photos, floorplan and 360 virtual tour of the apartment!</i> Located on Corporation Road, students at Rede House have Middlesbrough City Centre on their doorstep. Teesside University is less than a 10-minute walk away and with Middlesbrough Train Station just around the corner, students have easy access to regular public transport links. Students at Rede House get their own personal space to live in, whilst also having access to some great social areas in the building including a cinema room, gymnasium and a large games/common room. The property is one of the larger specs in the development and one of the first units to be let consistently every year. Briefly the property comprises; spacious living room, kitchen, double bedroom and bathroom. NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.

Find out More