Sunderland, SR1 1LN | Investment Property for Sale | VES-SR1-055

Newly converted 7-unit investment property block for sale in Sunderland generating a gross rental yield of 7%

£500,000

7-unit block

VES-SR1-055

INITIAL INVESTMENT

£229,800

GROSS RENT / YIELD

£34,980 / 7.0%

NET RENT / YIELD

£26,867 / 5.4%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

7

TENANCY STATUS

Tenanted

FURNISHED

Yes

TOTAL SQ FT

1,711

PRICE SQ FT

£292

Property information

  • Spread over 4 floors

  • 7 newly converted apartments, comprising of:

    • 3 x 1-bed
    • 4 x studios
  • All EPCs are available upon request

Rental breakdown

  • Apartment 1 - £465 pcm - 1-bed apartment - Let since TBC

  • Apartment 2 - £415 pcm - Studio apartment - Let since TBC

  • Apartment 3 - £395 pcm - Studio apartment - Let since TBC

  • Apartment 4 - £415 pcm - Studio apartment - Let since TBC

  • Apartment 5 - £415 pcm - 1-bed apartment - Let since TBC

  • Apartment 6 - £395 pcm - Studio apartment - Let since TBC

  • Apartment 7 - £415 pcm - 1-bed apartment - Let since TBC

  • Total rent pcm - £2,915

  • Total rent pa - £34,980

Cashflow

  • Nov - 19: Occupancy 71.43% / Gross Rental Income £1,725
  • Dec - 19: Occupancy 82.14% / Gross Rental Income £2,150
  • Jan - 20 : Occupancy 92.86% / Gross Rental Income £2,575

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

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.

Financials

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Rental Income

GROSS RENT PER ANNUM

£34,980

Equivalent of £2,915 per calendar month (PCM).

GROSS RENTAL YIELD

7.0%

Gross rent per annum divided by the purchase price.

NET RENT PER ANNUM

£26,867

Gross rent per annum minus fully managed operating costs.

NET RENTAL YIELD

5.4%

Gross rent per annum minus fully managed operating costs divided by the purchase price.

FULLY MANAGED OPERATING COSTS

£8,113

The total estimated sum of expenses calculated annually assuming a fully managed service.

Click to understand assumptions.

Disclaimer

All financial information is provided as a guideline only, is based on estimates and assumptions and is subject to change. Buyers are advised to seek independent financial advice. Capital at risk.

About 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.

Frederick Street,

Sunderland,

Tyne and Wear,

England,

SR1 1LN

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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.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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