Rede House, 63-75 Corporation Road, Middlesbrough TS1 1LL
YI

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 %
from 250,641.00 £
Est sale value
131,288.08 £
Increased by 112.41 %
from 61,807.70 £
Average area rental value
1,220.00 £/mo
Increased by 6.46 %
from 1,146.00 £/mo
Est letting value
213.13 £/mo
Unchanged by 0.00 %
from 213.13 £/mo
Est rental Yield
3.01 %
Decreased by 45.17 %
from 5.49 %
Crime Rate
27.00 %
Unchanged by 0.00 %
from 27.00 %

Agent Activity

  • yieldit created the listing.

Nearby Schools

NameTypeOfstedDistance
Teesside UniversityHigher Education InstitutionsOutstanding0.55 KM
Outwood Academy RiversideFree Schools0.55 KM
Middlesbrough CollegeFurther EducationGood0.60 KM
Abingdon Primary SchoolFoundation SchoolGood0.70 KM
Abingdon Children'S CentreChildren's Centre0.73 KM

Images

redehs47772024-11-07__10-07-45_1110DF59_B150_42... redehs47772024-11-07__10-07-44_55589BBD_DF3D_4D... redehs47772024-11-07__10-07-42_7BB6582D_E6A8_49... redehs47772024-11-07__10-07-37_D3270E1D_E416_43... redehs47772024-11-07__10-07-41_18EA0C50_90A1_48... redehs47772024-11-07__10-07-39_EED28359_4084_4B... redehs47772024-11-07__10-07-39_0E1030DB_CB2B_48... redehs47772024-11-07__10-07-41_8C1EC3A6_A974_4C... redehs47772024-11-07__10-07-43_3E12C1F9_FD6C_4D... redehs47772024-11-07__10-07-46_F124BBA9_52BC_4C... redehs47772024-11-07__10-07-47_E35AEC6D_D219_4D...

Nearby Streets

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

Nearby Transport

NameNLCTLCDistance
Middlesbrough7929MBR0.43 KM
James Cook University Hospital9507JCH3.75 KM
Marton7947MTO5.14 KM
South Bank7953SBK6.19 KM
Billingham7910BIL6.20 KM

Nearby Listings

AddressPriceTypeScoreDistance
Rede House, Corporation Road, Middlesbrough, TS1 £ 35,000BUYUnknown0.04 KM
67-77 Corporation Street, Middlesbrough £ 45,000BUY5 / 100.04 KM
Rede House, Corporation Road, Middlesbrough, TS1 £ 32,000BUY5 / 100.05 KM
Rede House, Corporation Road, Middlesbrough, TS1 £ 48,500BUY5 / 100.08 KM
Flat 3.31, Rede House - Student Apartments £ 33,500BUYUnknown0.09 KM

Nearby Properties

AddressPriceDistance
37 Montrose Street £ 68,0000.30 KM
20 Montrose Street £ 70,0000.30 KM
43 Montrose Street £ 71,0000.30 KM
12 Montrose Street £ 65,0000.30 KM
28 Montrose Street £ 67,0000.30 KM