2 bedroom apartment for sale
Key information
Property description & features
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
Places of interest
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Property reference 12209913. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Rent North East - Gateshead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on January 26, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on February 3, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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