Studio for sale

Corporation Road, Middlesbrough TS1

Description

Rede House - Quality, Modern Purpose Built Student Accommodation situated in the dynamic heart of Middlesborough. A compelling investment for those looking to secure consistent rental income in the thriving student accommodation sector, an opportunity not to be missed!

Located c.0.4 miles from Teesside University and 0.5 miles from Middlesborough college, this modern residence is an appealing block for students and therefore investors.

Rede House 1-01,66 77 Corporation Street, Middlesbrough, England TS1 1LY is a well appointed one-bedroom student flat currently tenanted for the 2025/26 academic year.

Key features include
- Modern student self-contained studio fully furnished and includes a bedroom, kitchen, bathroom and study area. A welcoming living space-all crafted to provide a convenient and stylish residence.
- Currently tenanted and generating rental income; a straightforward investment with minimal management obligations.
- Access to student-focused amenities, including communal lounges, designated study spaces, and professional on-site management services.
- On site management team to manage the property and its tenants
- With excellent public transport links by bus and train, providing easy access to nearby cities such as Newcastle and York.

Middlesbrough has a growing student market with high demand for accommodation, making it a potentially attractive time for investment. Middlesbrough is undergoing a transformation that's catching the attention of buy-to-let investors and property developers; there's fresh buzz about the town! There is significant Infrastructure upgrades which include revamped transport links, roads, and public spaces geared towards improving connectivity. Many projects within the city are slated for completion within the next few years, promising economic uplift and elevated buyer demand.

This is instantly income generating. The following numbers are based on the 2025 academic year just gone
- Net Rental after management fee: C.£6,200
- Service Charge: £2,436
- Ground rent: £291
- Net yield at purchase price: 13.9% (after allowing for management fee on rental)
- Original leases 250 years, c.230 years remaining.

We understand there are ongoing cladding issues at the building. We understand this is in the process of being remediated via government funding and thus at no cost to leaseholders, but buyers should satisfy themselves prior to making an offer.
Disclaimer


While we aim for maximum accuracy and completeness in all descriptions, distances, and floorplans, these figures are strictly approximate. Prospective purchasers are required to conduct a full and independent inspection of the property and its surrounding area. This information is given in good faith but must not be relied upon for the purpose of purchasing. The buyer's legal representative is solely responsible for legally verifying all information during the purchase process.

Tenure: Leasehold (250 years)
Ground Rent: £291 per year
Service Charge: £2,436 per year