Rede House, Corporation Road, Middlesbrough, TS1
By Mr Investa Ltd
£ 48,500
Reviews
2 out of 5 stars
Mr Investa Ltd says ..
10% NET YIELD FOR 2024/25 FULLY MANAGED!! 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...
Property Oracle says ..
This one-bedroom apartment in Rede House, Middlesbrough, is presented as a potential investment opportunity due to its tenancy status and projected net yield. The apartment is located in a central position within Middlesbrough, offering proximity to Middlesbrough train station, Teesside University, and other local amenities. The flat is furnished, with a kitchen, living area, and bedroom. Images reveal that the property is functional but not luxuriously appointed; the bathroom shows some minor wear and tear. The building itself appears to offer shared amenities such as a gym and games room. While the price of £48,500 seems comparatively reasonable for the area, given the apparent lack of private outdoor space and need for some minor cosmetic improvements, prospective buyers should carefully assess its investment potential and long-term maintenance costs.
Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 6
- Location
- 7
- Land
- 1
- Bedrooms
- 1
- Bathrooms
- 1
- Sqft (est)
- 430.56
The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.
Metrics Year-on-Year
- Average area value
- 487,124.00 £Increased by 94.35 %
- Est sale value
- 265,224.96 £Increased by 112.41 %
- Average area rental value
- 1,220.00 £/moIncreased by 6.46 %
- Est letting value
- 430.56 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.01 %Decreased by 45.17 %
- Crime Rate
- 22.00 %Unchanged by 0.00 %
Agent Activity
Mr Investa Ltd marked this listing as sold.
Mr Investa Ltd created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Outwood Academy Riverside | Free Schools | 0.47 KM | |
| Middlesbrough College | Further Education | Good | 0.56 KM |
| Teesside University | Higher Education Institutions | Outstanding | 0.57 KM |
| Abingdon Primary School | Foundation School | Good | 0.63 KM |
| Abingdon Children'S Centre | Children's Centre | 0.67 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Hazel Court | £ 0 | 0 | 0.00 KM |
| Oak Street | £ 0 | 0 | 0.00 KM |
| Albert Road | £ 0 | 0 | 0.00 KM |
| Bright Street | £ 223,333 | 0 | 0.00 KM |
| Bolckow Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Middlesbrough | 7929 | MBR | 0.50 KM |
| James Cook University Hospital | 9507 | JCH | 3.67 KM |
| Marton | 7947 | MTO | 5.07 KM |
| South Bank | 7953 | SBK | 6.11 KM |
| Billingham | 7910 | BIL | 6.28 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Rede House, Corporation Road, Middlesbrough, TS1 | £ 48,500 | BUY | 5 / 10 | 0.00 KM |
| Flat 3.31, Rede House - Student Apartments | £ 33,500 | BUY | Unknown | 0.02 KM |
| Corporation Road, Middlesbrough, North Yorkshire, TS1 | £ 27,500 | BUY | 6 / 10 | 0.02 KM |
| Corporation Road, Middlesbrough, North Yorkshire, TS1 | £ 35,000 | BUY | 6 / 10 | 0.02 KM |
| Flat , Rede House, - Corporation Road, Middlesbrough | £ 27,000 | BUY | 5 / 10 | 0.02 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 43 Montrose Street | £ 71,000 | 0.30 KM |
| 12 Montrose Street | £ 65,000 | 0.30 KM |
| 14 Montrose Street | £ 80,000 | 0.30 KM |
| 2 Montrose Street | £ 110,000 | 0.30 KM |
| 20 Montrose Street | £ 70,000 | 0.30 KM |