This is a fantastic cash investment opportunity, offering a 9.2% net yield, with a spacious one-bedroom apartment in Rede House, Middlesbrough. The apartment is fully furnished, fully managed, and currently tenanted at £182.50 per week, generating a total annual income of £9,307.50. The service charge, ground rent, and letting fee are all factored in, resulting in a net income of £4,875.83 and a net yield of 10%. The property is located in a popular student development, with easy access to Teesside University, Middlesbrough City Centre, and regular public transport links. The apartment itself is one of the larger ones in the development, featuring a spacious living room, kitchen, double bedroom, and bathroom. This is an excellent opportunity for first-time investors or those looking to add to their portfolio.