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1 bedroom flat63-75 Corporation Road, Middlesbrough, TS1 1LL

£31,000


Nestled in the vibrant heart of Middlesbrough, Rede House presents a lucrative investment opportunity for those seeking passive income in the lucrative student accommodation market. This well-appointed 1-bedroom student flat offers a hassle-free investment with guaranteed tenancy, providing a reliable stream of income through to the end of the academic year 2025. Strategically located within close proximity to universities and amenities, Rede House is highly sought-after among students, ensuring consistent demand and full occupancy year-round. This makes it an ideal investment for those looking to capitalize on the lucrative student housing market. The flat boasts a modern and functional layout, designed to meet the needs of contemporary student living. The accommodation features a comfortable bedroom, a well-equipped kitchenette, and a cosy living area, providing a comfortable and convenient space for residents. With the property already tenanted and generating rental income, investors can enjoy a hassle-free investment experience with minimal management responsibilities. The existing tenancy agreement ensures a steady stream of rental income until the end of the academic year in 2025, providing peace of mind and financial security. Furthermore, Rede House offers a range of amenities and facilities designed to enhance the student experience, including communal areas, study spaces, and on-site management services. This adds value to the investment proposition and contributes to the overall appeal of the property to prospective tenants. Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income stream, Rede House presents an exceptional opportunity to capitalize on the growing demand for student accommodation in Middlesbrough. With guaranteed tenancy and a prime location, this investment promises both financial returns and long-term growth potential. Lease term: 250 years from 10 March 2014


Address
63-75 Corporation Road, Middlesbrough, TS1 1LL
Price
£31,000
Property Type
Flat
Bedrooms
1
Bathrooms
1
Tenure
Leasehold
  • 1 Bedroom
  • Flat
  • Tenanted to 2025
  • 1 bed student flat
  • Great investment opportunity
  • Generate passive income

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Your property price

£300,000

High street agent (1.3%)
£4,680
Purplebricks fixed fee (0.53%)
£1,599
You could save
£3,081

Equivalent to an average of 1.3% plus VAT charged by high street agents. Purplebricks service is a fixed fee including VAT.

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