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2 Bed Flat, Cash/Bridging Only, Sunderland, SR1 1XH £45,000

West Wear Street, Sunderland, SR1 1XH - 5 views - 3 months ago
  1. Deal Search
  2. Sunderland
  3. SR1
  4. SR1 1XH
Leasehold
Cash
ROI: 11%
~68 m²

ValuationFair Value

This may not be accurate, please check manually.

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Links

  • More Deals in Sunderland
  • More Deals in SR1
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  • More Cash/Bridging Only Deals in SR1

Property History

Listed for £45,000

September 9, 2025

Description

Echo Building, West Wear Street, Sunderland, SR1 1XD

Why you’ll love it

City living, riverside vibe - landmark Echo Building location with lifts and great access to the centre & Uni.
Fantastic river views
Two proper doubles + two bathrooms — ideal for sharers or a lock-up-and-leave.
Investment opportunity - rent c. £850 pcm + 3 months free management (Rent North East) on completion.
Low entry price for a large 2-bed in SR1; strong cashflow potential.

The apartment

Bright open-plan living/kitchen, principal bedroom with en-suite, second double, and family bathroom. Third-floor position with double glazing and electric heating. End-of-corridor layout totalling 678 ft² (63 m²).

Key facts at a glance

Title/term: Leasehold, Title TY481383. 125 years (less 1 day) from 01/02/2004 — approx. 103 years remaining.
Ground rent: ~£250 p.a. (example demand £125 for half-year 29/09/25–24/03/26).
Service charge: Latest Q4 2025 invoice £1,224.64 (1 Oct–31 Dec) — indicative annualised c. £4,900 (subject to budget/reconciliation).
Council Tax: Band D (buyers to verify current year’s charge).
Parking: The lease “grants an exclusive use of the car parking as therein mentioned.” Buyers should rely on the lease plan/management replies. Apartments in this building typically have access to a car parking bay, with permits available from Kingston Property Service at a set fee.
EPC: C (80), valid to 04/09/2028.
Council Tax: Band D.

Building & safety:

The seller and building docs confirm cladding remediation is in progress under the landlord/agent’s programme; historic waking-watch previously noted. Mainstream lending may be constrained during works — cash buyers best placed today. Request the management pack for scope, funding route and target sign-off (e.g., EWS/Completion Statement).

For investors

Letting potential: c. £850 pcm (two beds/two baths, city centre).
Incentive: 3 months free management with Rent North East (on completion).

Compliance & Material Information

Prepared from seller disclosures and supplied documents including Law Society TA6/TA7/TA10, Required Material Information, Land Registry and recent service-charge/ground-rent demands. Buyers must rely on their own enquiries, searches and the final management pack.

These particulars are issued in good faith but do not form part of any offer or contract. Measurements are approximate; images and descriptions are for guidance only. Any reference to alterations, parking rights or building-safety works does not imply that necessary consents or sign-offs are in place.

Agent Details

10Homes, Gateshead

0191 625 0254

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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Investment Opportunity

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