Sunderland, SR2 7PP | Investment Property for Sale | VES-SR2-001

Opportunity to purchase an terraced house in Sunderland generating £8,400 rent pa & gross yield of 5.6%

£149,995

Terraced House

VES-SR2-001

INITIAL INVESTMENT

£44,499

Based on

deposit: £37,499

stamp duty: £4,500

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£8,400

GROSS YIELD

5.6%

ADD TO FAVOURITES

The property

TENANCY

Tenanted

TENURE

Freehold

5 bedrooms

2 bathrooms

1 reception room

1,076

Fully Furnished

Property information

  • Spread over 2 floors
  • All rooms are good size double rooms
  • Comes with living and dining area
  • Shared kitchen
  • 2 x shared bathrooms
  • Outside space at the rear of the property
  • EPC rating E
  • Monthly rental income £700

Rental information

  • Current tenants are a corporate
  • Planning permission for the change of use to a HMO has been received
  • Works required to obtain the HMO licence are unlikely to be carried out whilst the current tenants are in situ and should be viewed as an opportunity for interested buyers
  • Once a HMO licence has been granted the rental income is expected to increase

Location information

  • Within walking distance of the University of Sunderland City campus
  • Short walking distance to a Metro stop
  • City centre is also within a short walk away

Note

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

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 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.

Point of reference - not exact location,

Sunderland,

Tyne and Wear,

England,

SR1 1RR

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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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