No longer on the market
This property is no longer on the market
Map2 bedroom apartment
Sold STC
Apartment
2 beds
2 baths
EPC rating: D
Key information
Features and description
Key Investment Highlights:
Property Type: Modern, furnished 2 bed/2 bath first-floor flat.
Location: Prime location in Sunderland City Centre, minutes from Sunderland University.
Current Tenancy: Fully let at £650 PCM (including WiFi and water rates) on a 12-month AST since 17th March 2022.
Investment Potential: Part of a recent successful RTM takeover, offering a stable, turnkey investment.
Why Sunderland?
Rapid Development: Sunderland is undergoing significant growth, offering promising prospects for property investors.
Devolution Boost: The North East's new devolution plan, with a £4.2bn investment, promises regional empowerment and substantial economic growth.
Educational Excellence: Sunderland University, a top 50 institution (Guardian University Guide 2023), is a magnet for students and professionals.
Strategic Investment: The city is set to benefit from a £400 million investment, enhancing its appeal and property values.
What This Means for Investors:
Strong Demand: Proximity to a top-ranking university and a flourishing city center ensures continuous tenant demand.
Economic Growth: The devolution plan and substantial investments in education and infrastructure signal a robust economic future for Sunderland.
Community and Culture: A vibrant city with rich cultural experiences, appealing to a diverse tenant base.
Conclusion:
This property represents a unique opportunity to invest in Sunderland's promising future, with strong rental demand and a backdrop of significant regional investment. Perfect for investors seeking a stable and potentially lucrative addition to their portfolio.
More info:
Ground rent: Full annual charge of £200.00 to 31/12/2023 settled in full by the current owners.
Service charge: Service charge of £2,192.00 23/03/2023 to 23/03/2024 settled in full by the current owners.
Lease terms: Leasehold, Term : 250 years from 1 January 2016
Please contact 10Homes for our full buyers information pack
Council Tax Band: B
Tenure: Leasehold
Lease Years Remaining: 250
Ground Rent: £200.00 per year
Service Charge: £2192.00 per year
Property Type: Modern, furnished 2 bed/2 bath first-floor flat.
Location: Prime location in Sunderland City Centre, minutes from Sunderland University.
Current Tenancy: Fully let at £650 PCM (including WiFi and water rates) on a 12-month AST since 17th March 2022.
Investment Potential: Part of a recent successful RTM takeover, offering a stable, turnkey investment.
Why Sunderland?
Rapid Development: Sunderland is undergoing significant growth, offering promising prospects for property investors.
Devolution Boost: The North East's new devolution plan, with a £4.2bn investment, promises regional empowerment and substantial economic growth.
Educational Excellence: Sunderland University, a top 50 institution (Guardian University Guide 2023), is a magnet for students and professionals.
Strategic Investment: The city is set to benefit from a £400 million investment, enhancing its appeal and property values.
What This Means for Investors:
Strong Demand: Proximity to a top-ranking university and a flourishing city center ensures continuous tenant demand.
Economic Growth: The devolution plan and substantial investments in education and infrastructure signal a robust economic future for Sunderland.
Community and Culture: A vibrant city with rich cultural experiences, appealing to a diverse tenant base.
Conclusion:
This property represents a unique opportunity to invest in Sunderland's promising future, with strong rental demand and a backdrop of significant regional investment. Perfect for investors seeking a stable and potentially lucrative addition to their portfolio.
More info:
Ground rent: Full annual charge of £200.00 to 31/12/2023 settled in full by the current owners.
Service charge: Service charge of £2,192.00 23/03/2023 to 23/03/2024 settled in full by the current owners.
Lease terms: Leasehold, Term : 250 years from 1 January 2016
Please contact 10Homes for our full buyers information pack
Council Tax Band: B
Tenure: Leasehold
Lease Years Remaining: 250
Ground Rent: £200.00 per year
Service Charge: £2192.00 per year
About this agent
Rent North East - Gateshead
412, Aidan House Business Center
Gateshead, Tyne & Wear
NE8 3HU
0191 392 0343Rent North East is a multi award winning property management and lettings agency, offering top rated property management and lettings services across the North East. With a strong local presence in Gateshead, Newcastle and Sunderland as well as the surrounding areas, Rent North East are well placed to let and manage properties across the North East. Rent North East are leading innovators, with a fully online system, enabling applicants to rent a property from the comfort of their homes, and landlords to keep track of progress via their online portal. Our trademark excellent customer service ensures that all properties are online within 48 hours of instruction, and that all enquiries are attended to within 24 hours. So, get in touch, and discover the difference. ----------------------------------------------------------------------------------------- 10Homes. Focused Selling. Focused A 10Homes agent only takes on 10Homes at any time, so that they have the time, resources and motivation that they need to properly focus on getting the best results for you. Better results Buyer information packs, reservation agreements, and online bidding help us to move quicker, secure the best price from a genuine buyer, and to get to completion quicker. The best local agents Every 10Homes agent has significant top level estate agency experience, and has superb local knowledge and practical experience to help get you the results that you need.