Great investment opportunity with assured rental income of £6,360pa until 2028 with the option to renew thereafter.
This two-bedroom, one-bathroom mid-terrace property offers a secure, hands-off investment just minutes from Sunderland City Centre. Currently leased to a charity until 12 June 2028, it provides a reliable income stream with minimal management required. The lease includes annual rent increases of CPI + 1% (capped at 5%) and ensures the property is returned in comparable condition to its 2021 state, allowing for general wear and tear.
Great investment opportunity with assured rental income of £6,360pa until 2028 with the option to renew thereafter.
This two-bedroom, one-bathroom mid-terrace property offers a secure, hands-off investment just minutes from Sunderland City Centre. Currently leased to a charity until 12 June 2028, it provides a reliable income stream with minimal management required. The lease includes annual rent increases of CPI + 1% (capped at 5%) and ensures the property is returned in comparable condition to its 2021 state, allowing for general wear and tear.
Internally, the property features a modern kitchen and bathroom, along with gas central heating, making it both practical and appealing for long-term occupancy. Externally, there is a rear yard and on-street parking, with all the convenience of being close to transport links, shops, and city amenities.
The tenancy has a strong renewal history, and there is potential for the lease to be extended at the end of the current term, with scope to review rental levels in line with market rates. This combination of secure tenancy, built-in rental growth, and potential future upside makes it an attractive proposition for buy-to-let investors seeking predictable returns in a stable rental market