TENANTED INVESTMENT – IMMEDIATE INCOME WITH RENTAL UPLIFT POTENTIAL
Description
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
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
£5,000 inc vat payable upon the fall of the virtual gavel
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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