3 Bed Terraced House, Single Let, Sunderland, SR4 7DZ, £85,000

Spacious 3-Bedroom End Terrace House in Sunderland – Ideal Investment Opportunity

This well-presented three-bedroom end-terrace house offers an excellent opportunity for both homeowners and investors. Featuring multiple upgrades throughout, the property includes a modern gas-fired boiler, French doors from the lounge, and a spacious rear "yarden" with electric roller shutters for off road parking with added security.

Currently let to professional tenants with a homeowner guarantor, the property generates £695 per month, delivering a strong gross rental yield of 9.8%.

Overview:
Address: Lumley Street, Sunderland, SR4 7DZ
Tenure: Freehold
Council Tax Band: A
EPC Rating: D (Potential: C)
Size: 807 ft² (75 m²)

For Investors
Rental Yield: 9.8% gross, offering an attractive return for buy-to-let investors.
Tenancy: 12 month initial fixed term from February 2025, with professional tenants.
Recent Upgrades: New gas-fired boiler installed in May 2023 and up-to-date EICR and gas certificate.
Demand: Sunderland’s affordable property market and strong rental demand make this an excellent investment.
Estimated Capital Required: Circa £31,500 total investment (including SDLT, legal fees, borrowing costs, and survey).

Local Amenities
Schools: Within proximity to good local schools including primary and secondary options.
Shops & Services: Nearby grocery stores, cafes, and retail options in Sunderland city centre.
Healthcare: Close to GP surgeries, pharmacies, and Sunderland Royal Hospital.
Leisure: Parks, gyms, and recreational facilities within easy reach.

Transport Links
Road: Easy access to the A690 and A19, providing routes to Durham and Newcastle.
Train: Sunderland railway station offers services to Newcastle, Middlesbrough, and beyond.
Metro: Nearby Pallion and Millfield Metro stations provide quick links across Tyne and Wear.
Bus: Well-served by local bus routes for city and regional travel.

Other Property Details
Floor Area: 807 ft² / 75 m²
Plot Size: 0.03 acres
Council Tax Estimate: £1,331 per year
Broadband: Ultrafast 1000 Mbps available (Virgin, Sky, BT)
Mobile Coverage: Good reception from O2, EE, Three, and Vodafone
Flood Risk: Very low

This turnkey investment offers strong rental income in a very popular location. Contact us today for more details or to arrange a viewing!