Flat

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.