Property photos
Auction
Leasehold
£30,000
1 bed flat for sale
63-75 Corporation Road, Middlesbrough TS11 bed
1 bath
Local area information
Property location
Nearby amenities
- Middlesbrough 0.2 miles
- Abingdon Primary School 0.4 miles
- Transporter Bridge South Side 0.5 miles
- Newport Primary School 0.6 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Middlesbrough to find out more about the local area.
Features and description
- Leasehold
- Buyer's fees apply
- Reservation fee process
- Tenanted to 2025
- 1 bed student flat
- Great investment opportunity
- Generate passive income
Nestled in the vibrant heart of Middlesbrough, Rede House presents a lucrative investment opportunity for those seeking passive income in the lucrative student accommodation market. This well-appointed 1-bedroom student flat offers a hassle-free investment with guaranteed tenancy, providing a reliable stream of income through to the end of the academic year 2025.
Strategically located within close proximity to universities and amenities, Rede House is highly sought-after among students, ensuring consistent demand and full occupancy year-round. This makes it an ideal investment for those looking to capitalize on the lucrative student housing market.
The flat boasts a modern and functional layout, designed to meet the needs of contemporary student living. The accommodation features a comfortable bedroom, a well-equipped kitchenette, and a cosy living area, providing a comfortable and convenient space for residents.
With the property already tenanted and generating rental income, investors can enjoy a hassle-free investment experience with minimal management responsibilities. The existing tenancy agreement ensures a steady stream of rental income until the end of the academic year in 2025, providing peace of mind and financial security.
Furthermore, Rede House offers a range of amenities and facilities designed to enhance the student experience, including communal areas, study spaces, and on-site management services. This adds value to the investment proposition and contributes to the overall appeal of the property to prospective tenants.
Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income stream, Rede House presents an exceptional opportunity to capitalize on the growing demand for student accommodation in Middlesbrough. With guaranteed tenancy and a prime location, this investment promises both financial returns and long-term growth potential.
Lease term: 250 years from 10 March 2014
Bedroom
Please call or visit Purplebricks Online Auctions for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.
To book a viewing visit Purplebricks
General Information:
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
Property Description
Being sold using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell.
This property is offered for sale using the Reservation fee process. When an offer is accepted, the buyer will be required to pay a non-refundable Reservation fee of £6,972 including VAT (in addition to the final negotiated selling price), sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation fee team at goto Group. This will secure the transaction and the property will be taken off the market.
Property Ownership Information
Tenure
Leasehold
Council Tax Band
A
Annual Ground Rent
No ground rent
Ground Rent Review Period
No review period
Annual Service Charge
No service charge
Service Charge Review Period
No review period
Lease End Date
06/02/2264
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Strategically located within close proximity to universities and amenities, Rede House is highly sought-after among students, ensuring consistent demand and full occupancy year-round. This makes it an ideal investment for those looking to capitalize on the lucrative student housing market.
The flat boasts a modern and functional layout, designed to meet the needs of contemporary student living. The accommodation features a comfortable bedroom, a well-equipped kitchenette, and a cosy living area, providing a comfortable and convenient space for residents.
With the property already tenanted and generating rental income, investors can enjoy a hassle-free investment experience with minimal management responsibilities. The existing tenancy agreement ensures a steady stream of rental income until the end of the academic year in 2025, providing peace of mind and financial security.
Furthermore, Rede House offers a range of amenities and facilities designed to enhance the student experience, including communal areas, study spaces, and on-site management services. This adds value to the investment proposition and contributes to the overall appeal of the property to prospective tenants.
Whether you're a seasoned investor looking to expand your portfolio or a first-time buyer seeking a reliable income stream, Rede House presents an exceptional opportunity to capitalize on the growing demand for student accommodation in Middlesbrough. With guaranteed tenancy and a prime location, this investment promises both financial returns and long-term growth potential.
Lease term: 250 years from 10 March 2014
Bedroom
Please call or visit Purplebricks Online Auctions for more information.
This property is for sale by Online Auction. The Online Modern Method of Auction is a flexible buyer friendly method of purchase. The purchaser will have 56 working days to exchange and complete once the draft contract has been issued by the vendors solicitor. Allowing the additional time to exchange and complete on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer with be required to put down a non-refundable reservation fee. The fee will be a fixed fee including the Vat, this secures the transaction and takes the property off the market. The buyer will be required to agree to our terms and conditions prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found on the online Auction website or requested from our Auction Department.
Please note this property is subject to an undisclosed Reserve Price which is typically no more than 10% in excess of the Starting Bid. Both the Starting Bid and Reserve Price can be subject to change. Our primary duty of care is to the vendor. Terms and conditions apply to the Modern Method of Auction, which is operated by goto Auctions.
To book a viewing visit Purplebricks
General Information:
Auctioneer's Comments
This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract is issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.
Property Description
Being sold using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell.
This property is offered for sale using the Reservation fee process. When an offer is accepted, the buyer will be required to pay a non-refundable Reservation fee of £6,972 including VAT (in addition to the final negotiated selling price), sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation fee team at goto Group. This will secure the transaction and the property will be taken off the market.
Property Ownership Information
Tenure
Leasehold
Council Tax Band
A
Annual Ground Rent
No ground rent
Ground Rent Review Period
No review period
Annual Service Charge
No service charge
Service Charge Review Period
No review period
Lease End Date
06/02/2264
Disclaimer For Virtual Viewings
Some or all information pertaining to this property may have been provided solely by the vendor, and although we always make every effort to verify the information provided to us, we strongly advise you to make further enquiries before continuing.
If you book a viewing or make an offer on a property that has had its valuation conducted virtually, you are doing so under the knowledge that this information may have been provided solely by the vendor, and that we may not have been able to access the premises to confirm the information or test any equipment. We therefore strongly advise you to make further enquiries before completing your purchase of the property to ensure you are happy with all the information provided.
Floor plans and tours
Floor plans
No floor plan available
Tours
No virtual tour available
More information
Listed by
Purplebricks, Head Office
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Property descriptions and related information displayed on this page are marketing materials provided by - Purplebricks, Head Office. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Purplebricks, Head Office for full details and further information.