Rede House, 63-75 Corporation Road, Middlesbrough TS1 1LL
By yieldit
£ 28,000
Reviews
3 out of 5 stars
yieldit says ..
ATTENTION CASH INVESTORS - 9% NET RETURN ON INVESTMENT! A self contained student studio apartment in the popular Rede House development, in the heart of Middlesborough.
Property Oracle says ..
Rede House is a studio apartment located on Corporation Road in Middlesbrough. The property is conveniently situated near Teesside University, Middlesbrough College, and several primary schools, making it an attractive option for students or young professionals. Public transport links are also readily available. The apartment itself appears to be modern and well-maintained, based on the provided images. While the plot size is 0.00 sqft, the location and proximity to amenities compensate for the lack of outdoor space. The list price of £28,000 is significantly lower than the average house price in the area, suggesting it may represent good value for money, especially considering the lack of land and smaller size. However, it is important to note that the average price per sqft is not directly comparable due to the difference in property type (studio vs. larger houses).
Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *
- Price
- 7
- Condition
- 8
- Location
- 9
- Land
- 1
- Bedrooms
- 0
- Bathrooms
- 1
- Sqft (est)
- 213.13
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
- 131,288.08 £Increased by 112.41 %
- Average area rental value
- 1,220.00 £/moIncreased by 6.46 %
- Est letting value
- 213.13 £/moUnchanged by 0.00 %
- Est rental Yield
- 3.01 %Decreased by 45.17 %
- Crime Rate
- 27.00 %Unchanged by 0.00 %
Agent Activity
yieldit created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Teesside University | Higher Education Institutions | Outstanding | 0.55 KM |
| Outwood Academy Riverside | Free Schools | 0.55 KM | |
| Middlesbrough College | Further Education | Good | 0.60 KM |
| Abingdon Primary School | Foundation School | Good | 0.70 KM |
| Abingdon Children'S Centre | Children's Centre | 0.73 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Albert Road | £ 0 | 0 | 0.00 KM |
| Hazel Court | £ 0 | 0 | 0.00 KM |
| Oak Street | £ 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 | 0.43 KM |
| James Cook University Hospital | 9507 | JCH | 3.75 KM |
| Marton | 7947 | MTO | 5.14 KM |
| South Bank | 7953 | SBK | 6.19 KM |
| Billingham | 7910 | BIL | 6.20 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Rede House, Corporation Road, Middlesbrough, TS1 | £ 35,000 | BUY | Unknown | 0.04 KM |
| 67-77 Corporation Street, Middlesbrough | £ 45,000 | BUY | 5 / 10 | 0.04 KM |
| Rede House, Corporation Road, Middlesbrough, TS1 | £ 32,000 | BUY | 5 / 10 | 0.05 KM |
| Rede House, Corporation Road, Middlesbrough, TS1 | £ 48,500 | BUY | 5 / 10 | 0.08 KM |
| Flat 3.31, Rede House - Student Apartments | £ 33,500 | BUY | Unknown | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 37 Montrose Street | £ 68,000 | 0.30 KM |
| 20 Montrose Street | £ 70,000 | 0.30 KM |
| 43 Montrose Street | £ 71,000 | 0.30 KM |
| 12 Montrose Street | £ 65,000 | 0.30 KM |
| 28 Montrose Street | £ 67,000 | 0.30 KM |