<|start_header_id|>assistant<|end_header_id|> Here is a summary of the property description in a single paragraph: Apartment 3.31 at Rede House in Middlesbrough is a modern, fully managed student studio apartment that offers a hands-off investment opportunity with a strong 14.5% NET yield. The 20.3m² studio is fully furnished and situated on the third floor, with a 250-year leasehold tenure and ground rent of £226.20 per annum. The property is fully tenanted, with a consistent occupancy rate and rental income of £8,160 per annum, based on a 51-week tenancy. The management and letting agency, Xenia Lettings, takes care of all aspects of the property, including maintenance, repairs, and tenant screening. The location is ideal, with Teesside University just a 10-minute walk away, as well as other local amenities and transportation links. With a low-entry price of £33,500, this property presents a low-risk, high-yield investment opportunity for investors looking to diversify their portfolio.