Easington Lane, DH5 0QE | Investment Property for Sale | VES-DH5-002

Opportunity to purchase a property in Easington Lane generating £4,500 rent pa & gross yield of 8.2%

£55,000

Terraced Bungalow

VES-DH5-002

INITIAL INVESTMENT

£17,900

Based on

deposit: £13,750

stamp duty: £1,650

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£4,500

GROSS YIELD

8.2%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

1 bedroom

1 bathroom

1 reception room

508

Unfurnished

Please note that this property is also part of a larger portfolio listing and the vendor is open to selling the units individually.

Property information

  • The entrance hallway leads to the bedroom and living room
  • From the living room the kitchen and bathroom can be accessed
  • The small courtyard can be accessed from the hallway between the kitchen and bathroom
  • A gate leads out into the access road behind the property
  • EPC rating D
  • Monthly rental income £374.83
  • Property is managed by a third party

Location information

  • The property backs onto The Flatts, park and gardens
  • The village centre is around 0.2 miles from the property

Floorplans

Documents available on request, please contact for viewings or further questions.

The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.

Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.

About Easington Lane, City of Sunderland

Easington Lane is the southernmost point of the City of Sunderland and a village in between Houghton-le-Spring and Easington Village.

The village lies around 8 miles north-east of Durham and 10 miles north of Sunderland. The A1 (M), a major north-south road connecting London with Edinburgh, is accessible via Junction 62 in Carrville, around 7 miles from Easington Lane.

Easington Lane doesn’t have its own railway station, however, the closest stations are in Durham, Horden, Seaham, Chester-le-Street, South Hylton and Sunderland.

Sunderland

Sunderland is a city in the north east of England located on the east coast. It lies around 15 miles south-east of Newcastle upon Tyne and roughly 14 miles north of Durham.

The A19 runs north-to-south along the western edge of the city, joins up with the M1 motorway to Edinburgh north of Newcastle and south through Teesside. The A1231 starts in the city centre and runs to the A1 via Washington, connecting Sunderland with London via Doncaster, Peterborough and Cambridge.

Sunderland railway station operates both national rail services as well as metro services. There are 5 direct trains to London King’s Cross on weekdays taking around 3.5 hours. From Newcastle, a 30-minute metro ride away, regular services go to Edinburgh, Glasgow, Leeds, Manchester Piccadilly, Liverpool Lime Street and Birmingham.

The city boasts a number of attractions for visitors and locals alike, such as the 14th century Hylton Castle, the National Glass Centre, Sunderland Museum and Winter Gardens, as well as the beaches of Roker and Seaburn. For anyone interested in outdoor pursuits the Hadrian’s Wall Path starts in Wallsend, approx. 13 miles outside of Sunderland, and runs for 84 miles on the east coast to Bowness-on-Solway.

Being one of the UK’s competitive business locations Sunderland is home to a number of well-known companies such as Barclays, Nike, EDF Energy, BAE Systems, Nissan, Northern Rock (now part of Virgin Money UK) and Johnson Controls, to name a few.

Elemore Lane,

Easington Lane,

Houghton le Spring,

Tyne and Wear,

England,

DH5 0QE

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

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