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 %
- Average area rental value
- 1,220.00 £/moIncreased by 6.46 %
- Est rental Yield
- 3.01 %Decreased by 45.17 %
- Crime Rate
- 22.00 %Unchanged by 0.00 %
Agent Activity
XSELL PROPERTY LTD created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Outwood Academy Riverside | Free Schools | 0.46 KM | |
| Middlesbrough College | Further Education | Good | 0.54 KM |
| Teesside University | Higher Education Institutions | Outstanding | 0.59 KM |
| Abingdon Primary School | Foundation School | Good | 0.64 KM |
| Abingdon Children'S Centre | Children's Centre | 0.68 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Oak Street | £ 0 | 0 | 0.00 KM |
| Hazel Court | £ 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 | 3.68 KM |
| Marton | 7947 | MTO | 5.07 KM |
| South Bank | 7953 | SBK | 6.10 KM |
| Billingham | 7910 | BIL | 6.28 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Corporation Road, Middlesbrough, North Yorkshire, TS1 | £ 27,500 | BUY | 6 / 10 | 0.00 KM |
| Corporation Road, Middlesbrough, North Yorkshire, TS1 | £ 35,000 | BUY | 6 / 10 | 0.00 KM |
| Flat , Rede House, - Corporation Road, Middlesbrough | £ 27,000 | BUY | 5 / 10 | 0.00 KM |
| 63-75 Corporation Road, Middlesbrough, TS1 | £ 28,000 | BUY | Unknown | 0.00 KM |
| Corporation Road, 6-15 Rede House | £ 35,000 | BUY | 6 / 10 | 0.01 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 9 Hazel Court | £ 65,000 | 0.30 KM |
| 29 Montrose Street | £ 70,000 | 0.32 KM |
| 43 Montrose Street | £ 71,000 | 0.32 KM |
| 14 Montrose Street | £ 80,000 | 0.32 KM |
| 37 Montrose Street | £ 68,000 | 0.32 KM |