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Price History
Our Summary
- NO RESERVE AUCTION Exceptional Buy-to-Let Investment Opportunity The biggest opportunities often appear where others hesitate Fully managed - No maintenance costs - 60% below original market value - 20% yield ++ A rare chance to acquire a modern apartment at a substantial discount of circa 60% on market value
- B There are no arrears due on service charges and ground rent For sale by Auction 18th June 2026 This lot will NOT be sold prior Henrysykes
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Description
The property is a modern apartment in the Rede House Student Apartments in Middlesbrough, located just a short walk from Teesside University and the city's shops, restaurants, and central station. The apartment has a kitchen, bathroom, and study area, and residents also have access to the building's gym, cinema, and entertainment rooms. A service charge of £1,997 per year and £230 per year for ground rent will be paid by the owner, and the rental income is £7,140 per year, resulting in a net profit of approximately £4,900 per year and a yield of 20% on a £25,000 valuation.