Rede House, Corporation Road, Middlesbrough, TS1
MR

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 %
from 250,641.00 £
Est sale value
265,224.96 £
Increased by 112.41 %
from 124,862.40 £
Average area rental value
1,220.00 £/mo
Increased by 6.46 %
from 1,146.00 £/mo
Est letting value
430.56 £/mo
Unchanged by 0.00 %
from 430.56 £/mo
Est rental Yield
3.01 %
Decreased by 45.17 %
from 5.49 %
Crime Rate
22.00 %
Unchanged by 0.00 %
from 22.00 %

Agent Activity

  • Mr Investa Ltd marked this listing as sold.

  • Mr Investa Ltd created the listing.

Nearby Schools

NameTypeOfstedDistance
Outwood Academy RiversideFree Schools0.47 KM
Middlesbrough CollegeFurther EducationGood0.56 KM
Teesside UniversityHigher Education InstitutionsOutstanding0.57 KM
Abingdon Primary SchoolFoundation SchoolGood0.63 KM
Abingdon Children'S CentreChildren's Centre0.67 KM

Images

Bedroom Bathroom Gymnasium Living Room Bedroom Rede House Living Room Kitchen Kitchen Games Room Entrance Rede House

Nearby Streets

NameAverage PriceAverage SqftDistance
Hazel Court £ 000.00 KM
Oak Street £ 000.00 KM
Albert Road £ 000.00 KM
Bright Street £ 223,33300.00 KM
Bolckow Street £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Middlesbrough7929MBR0.50 KM
James Cook University Hospital9507JCH3.67 KM
Marton7947MTO5.07 KM
South Bank7953SBK6.11 KM
Billingham7910BIL6.28 KM

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