2 bedroom apartment for sale

Auction Commencing on Monday 23rd March at 1pm and ending 24 hours later on Tuesday 24th March at 1pm with Auction House North East

Please register to bid via our website - auctionhouse.co.uk/northeast

TENANTED INVESTMENT – IMMEDIATE INCOME WITH RENTAL UPLIFT POTENTIAL

An excellent opportunity to acquire this two-bedroom ground floor flat sold with tenants in situ, generating immediate rental income from day one.

The property is currently let at £450 per calendar month, offering clear scope for an increase in line with current market levels, with comparable properties in the area achieving approximately £550 pcm.

Property Overview

Ground floor flat
Two bedrooms
Open plan living room/kitchen
Modern shower room
Gas central heating & double glazing
EPC Rating: D (66) – potential to improve to C (76)
Sold with tenants in situ

Accommodation

The property briefly comprises entrance hall with useful storage/utility area, open plan living room and fitted kitchen, two well-proportioned bedrooms, and a modern shower room/WC.

Externally, the property benefits from private access and a forecourt frontage.

Investment Details

Current Rent: £450 pcm (£5,400 per annum)
Potential Rent: Circa £550 pcm (£6,600 per annum)
Sold with tenants in situ
Established rental location with consistent demand

The current rent presents an opportunity for uplift in line with prevailing market rents, offering investors the potential to enhance yield.

Location

Situated within the popular Blind Lane area of Sunderland (SR3), the property is well placed for local amenities, transport links and access to Sunderland City Centre, supporting strong and consistent tenant demand.

Tenure: Leasehold

EPC Rating: D

Administration Fee: £5000 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.