- Fantastic investment opportunity +
- Great options to add value and refinance +
- Very popular central location +
- 9% gross rental yield +
- Large rear yard with roller shutters, allowing off-road parking +
4-Bedroom Terraced Property in Sunderland – Investment Opportunity
Overview
A four-bedroom terraced property offering 1,259 ft² of internal living space, currently let at £800 PCM with a tenant in place. The property provides an immediate rental income and exciting potential for further development/conversion to a House in Multiple Occupation (HMO), subject to planning.
For Investors
- Rental Yield: Currently achieving £800 PCM, representing a gross yield of approximately 9%.
- Development Potential: Possible upgrades or conversion to an HMO could increase rental income. Post-upgrade/conversion, the property would have a significantly increased refinance value.
- Local Rental Market: The area is very popular among professionals and students, benefiting from its proximity to the hospital, University, Sunderland city centre and transport links.
- Large rear yard with shutter: Large rear yard space offers further development potential and off road parking.
Transport Links
- Roads: Convenient access to the A690 (0.3 miles), leading to Durham and the A19 for Newcastle and Teesside.
- Train: Sunderland train station is 1 mile away, with services to Newcastle (30 minutes) and Middlesbrough (50 minutes).
- Bus Services: Local bus routes operate nearby.
- Air Travel: Newcastle International Airport is 23 miles away, about a 35-minute drive.
Factual Information
- Tenure: Freehold
- Floor Area: 1,259 ft² (117 m²)
- Plot Size: 0.03 acres
- Council Tax Band: A (£1,331 estimated annual cost)
- EPC Rating: current - E, potential C
- Flood Risk: No river or sea risk; low surface water risk
- Broadband Availability: Ultrafast broadband up to 1000 Mbps
This property offers an established rental income with scope for further development. For more information or to arrange a viewing, please get in touch.
