Initial price	£30,000
27/12/24	£28,000
Price Change	-6.67%

This self-contained student studio is located in the popular Rede House development in Middlesbrough city centre, just a short walk from Teesside University and the city's amenities. The studio is fully furnished and includes a fully fitted kitchen, study area, double bed, and bathroom. Residents will have access to on-site amenities such as Wi-Fi, a private residents' gym, social area, and cinema room. The development is fully let for the current academic year and is taking reservations for next year, with rental increases of up to 10% expected. The property is available for cash buyers only and can only be purchased as an investment property, with a gross yield of 21.61% and a net yield of 9.84%.