Rede House, Corporation Road, Middlesbrough, North Yorkshire, TS1
XS

Rede House, Corporation Road, Middlesbrough, North Yorkshire, TS1

By XSELL PROPERTY LTD

£ 33,000

Reviews

2 out of 5 stars

XSELL PROPERTY LTD says ..

**High yield investment property with tenant in situ for 2024/2025**

Property Oracle says ..

This studio apartment in Rede House, Middlesbrough, is presented as an investment opportunity due to its tenant occupancy and projected high yield. The property’s location in central Middlesbrough offers easy access to transport links, educational institutions, and amenities, potentially appealing to students or young professionals. The photographs suggest a modern, well-maintained interior, with a contemporary bathroom and a functional kitchen area. However, crucial details such as the property’s size in square feet and the plot size are missing, hindering a complete assessment of value. The price appears reasonable compared to similar investment properties in the immediate vicinity, which also show no sqft data. However, until square footage is confirmed, a conclusive statement about the property’s value for money cannot be provided. Potential buyers should be aware of the investment nature of this sale, which is often attractive to cash-flow buyers but usually has lower capital appreciation. Prospective purchasers should independently verify all rental income claims and conduct thorough due diligence before committing to a purchase. The lack of information on property size is a major drawback to the property listing.

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
6
Condition
7
Location
7
Land
1
Bedrooms
0
Bathrooms
1

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 £
Average area rental value
1,220.00 £/mo
Increased by 6.46 %
from 1,146.00 £/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

  • XSELL PROPERTY LTD created the listing.

Nearby Schools

NameTypeOfstedDistance
Outwood Academy RiversideFree Schools0.46 KM
Middlesbrough CollegeFurther EducationGood0.54 KM
Teesside UniversityHigher Education InstitutionsOutstanding0.59 KM
Abingdon Primary SchoolFoundation SchoolGood0.64 KM
Abingdon Children'S CentreChildren's Centre0.68 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Oak Street £ 000.00 KM
Hazel Court £ 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 Hospital9507JCH3.68 KM
Marton7947MTO5.07 KM
South Bank7953SBK6.10 KM
Billingham7910BIL6.28 KM

Nearby Listings

AddressPriceTypeScoreDistance
Corporation Road, Middlesbrough, North Yorkshire, TS1 £ 27,500BUY6 / 100.00 KM
Corporation Road, Middlesbrough, North Yorkshire, TS1 £ 35,000BUY6 / 100.00 KM
Flat , Rede House, - Corporation Road, Middlesbrough £ 27,000BUY5 / 100.00 KM
63-75 Corporation Road, Middlesbrough, TS1 £ 28,000BUYUnknown0.00 KM
Corporation Road, 6-15 Rede House £ 35,000BUY6 / 100.01 KM

Nearby Properties

AddressPriceDistance
9 Hazel Court £ 65,0000.30 KM
29 Montrose Street £ 70,0000.32 KM
43 Montrose Street £ 71,0000.32 KM
14 Montrose Street £ 80,0000.32 KM
37 Montrose Street £ 68,0000.32 KM