Initial price	£48,500
18/02/25	£47,500
Price Change	-2.06%

This is a fantastic cash investment opportunity, presenting a spacious one-bedroom apartment in Rede House, a popular student accommodation in Middlesbrough. The apartment is fully furnished, fully managed, and currently tenanted, generating a rental income of £9,307.50 per annum on a 51-week contract. The financial performance for 2024/25 shows a net income of £4,875.83, resulting in a net yield of 10.3%. The property is located in a prime spot, with Middlesbrough City Centre, Teesside University, and regular public transport links within walking distance. The apartment features a spacious living room, kitchen, double bedroom, and bathroom, making it an ideal addition to any investment portfolio or for first-time investors.