Sunderland, SR4 6TJ | Investment Property for Sale | VES-SR4-001

Opportunity to purchase a bungalow in Sunderland generating £5,088 rent pa & gross yield of 8.5%

£60,000

Bungalow

VES-SR4-001

INITIAL INVESTMENT

£19,300

Based on

deposit: £15,000

stamp duty: £1,800

mortgage fees: £1,500

conveyancing fees: £1,000

GROSS RENT

£5,088

GROSS YIELD

8.5%

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The property

TENANCY

Tenanted

TENURE

Freehold

2 bedrooms

1 bathroom

2 reception rooms

710

Fully Furnished

Property information

  • The property underwent extensive refurbishment works in 2019, see below
  • Separate living room and dining room
  • Utility room off the bathroom
  • Extra storage room off the kitchen
  • Courtyard with access via the rear hallway
  • Bike storage
  • On-street parking available to the front and rear of the property
  • EPC rating E

Refurbishment information

The property underwent extensive refurbishment and works included:

  • Repairs to the roof and chimney stack
  • New floor joist in the back bedroom
  • New carpets
  • New kitchen
  • New doors
  • Redecoration throughout

Rental information

  • Monthly rental income £424
  • The tenancy agreement is an FRI lease, a 10-year transferable social housing contract
  • There are no running costs to bear for the landlord and no voids
  • The net rental yield is the same as the gross rental yield

Location information

  • The property is in the Pallion area of Sunderland
  • The city centre is around 1.6 miles by car from the property
  • The closest bus stop is 2 minutes from the property whilst the closest metro stations is approximately an 8-minute walk away

Note

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

Tenancy

RENT

£5,088 p.a. / £424 pcm

TENANCY DEPOSIT

£0

TENANCY TYPE

FRI Lease

TENANCY AGREEMENT STARTED

25 months ago

TENANCY AGREEMENT ENDS

8/12/2026

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 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.

Ancona Street,

Sunderland,

Tyne and Wear,

England,

SR4 6TJ

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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.

In no event will we be liable for any loss or damage, including without limitation any loss or damage arising directly or indirectly out of or in connection with the use of this website and the information contained therein.

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