Rede House, Corporation Road, Middlesbrough
Description
NO RESERVE AUCTION
Exceptional Buy-to-Let Investment Opportunity
The biggest opportunities often appear where others hesitate
Fully managed - No maintenance costs - 60% below original market value - 20% yield
A rare chance to acquire a modern apartment at a substantial discount of circa 50-60% on market value. Offering an attractive rental return in excess of 15/20% after service charge is paid, this property presents an excellent opportunity for investors seeking strong income and long-term growth potential.
Unlike many traditional investment properties, major external maintenance responsibilities such as roof repairs and building upkeep are managed and paid for through the service charge, reducing unexpected ownership costs and management headaches you’d typically get on a buy to let house
This modern apartment benefits from contemporary construction standards, low maintenance requirements, and strong tenant appeal. Now available at approximately 60% below comparable market values, this represents a compelling entry point into the buy-to-let sector.
Rede House Student Apartments 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 your rent, make Rede House ideal for student life in Middlesbrough.
Each studio has its own kitchen, bathroom and study area, and you’ll also get access to the building’s onsite gym, cinema and entertainment rooms.
Service charge £1997 per year
Ground rent £230 per year
Rental £7,140 per year
Net profit circa £4,900 per year
Yield 20% on £25,000 valuation
N.B There are no arrears due on service charges and ground rent
For sale by Auction 10th June
This lot will NOT be sold prior
Henrysykes.co.uk
Map Location
Property details
- Tenure
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- Council Tax Band
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- Date Posted
- 2026-06-13
Utilities & Restrictions
Utilities
- Electricity
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- Water
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- Heating
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- Broadband
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- Sewerage
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Rights & Restrictions
- Public Rights of Way
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- Private Rights of Way
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- Listed Property
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- Restrictions
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Property Features
- Accessibility
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- Parking
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- Garden
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© LandSale | Version 1.2 - January 2026
Listing agent
Hamilton Reeves, Nationwide
Liverpool