Auction Commencing on Monday 13th April at 1pm and ending 24 hours later on Tuesday 14th April from 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
Description
Auction Commencing on Monday 13th April at 1pm and ending 24 hours later on Tuesday 14th April from 1pm with Auction House North East
Please register to bid via our website - auctionhouse.co.uk/northeast
One of the largest studios in Horizon House, ground floor and income-producing at £500pcm with strong rental upside.
An excellent opportunity to acquire a larger-than-average studio apartment within the well-known Horizon House development, ideally located in the heart of Sunderland city centre (SR1 1HR).
Apartment 9 is situated on the ground floor of this prominent multi-storey building and offers approximately 23m² built area (circa 17m² internal living space), making it one of the largest studio layouts within the development.
This is a key differentiator, as many competing “S” type units within Horizon House are significantly smaller, typically offering far more limited usable space.
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Why This Property Stands Out
•{tab}One of the largest studio configurations in the building
•{tab}Ground floor position – highly desirable in a 12-storey block
•{tab}Strong tenant preference for ground floor units
•{tab}Currently let at £500 per calendar month
•{tab}Excellent WiFi connectivity due to proximity to reception
•{tab}Well-maintained and upgraded internally
•{tab}Ready-made investment with income in place
Compared to smaller studios within the development (some as low as 13–15m² built area), this apartment offers meaningfully improved usability, with space to comfortably accommodate living, sleeping and study areas.
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Accommodation Overview
The apartment is well configured and comprises:
•{tab}Bedroom Area (2.4m x 1.7m)
Defined sleeping area adjacent to a large window, offering natural light and separation from the main living space.
•{tab}Living / Study Area (2.1m x 1.7m)
Open-plan space suitable for both relaxation and work, enhanced by fitted furniture.
•{tab}Kitchen (3.4m x 1.2m)
Fitted with wall and base units, inset sink, electric hob and under-counter fridge.
•{tab}Bathroom (1.8m x 1.9m)
Fully tiled with shower cubicle, wash basin and WC.
Recently upgraded with a new shower enclosure.
•{tab}Entrance Hall (1.2m x 2.0m)
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Recent Improvements
The property has been well maintained and improved, including:
•{tab}New mattress (2025)
•{tab}Replacement electric hob/plates
•{tab}New shower cubicle installation
•{tab}Newly fitted window blinds
These upgrades place the apartment in better condition than many comparable units currently on the market.
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Investment Potential
The property is currently let at £500 per calendar month, providing immediate income for an incoming purchaser.
Market evidence suggests that comparable studios within the development can achieve £550–£600 pcm depending on presentation and tenancy terms, offering scope for future rental uplift.
Horizon House benefits from strong, consistent rental demand due to its proximity to:
•{tab}Sunderland University
•{tab}City centre amenities
•{tab}Metro and transport links
•{tab}Shops, restaurants and leisure facilities
•{tab}
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Market Context
Smaller studio units within Horizon House (including those currently marketed via auction) have historically sold from approximately £40,000 when new, reflecting their significantly reduced size and usability.
In contrast, larger units such as Apartment 9 command stronger rental appeal and tenant demand due to the additional living space and more practical layout.
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Location
The property is situated within walking distance of Sunderland city centre, providing immediate access to a wide range of shops, cafes, bars and transport connections.
The seafront and Roker Beach are also within easy reach, further enhancing tenant appeal.
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Tenure & Additional Information
Buyers are advised to confirm tenure, service charges and management arrangements prior to bidding.
Please refer to the legal pack for full details.
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
£3,600 inc vat payable upon the fall of the virtual gavel
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- Apartment
- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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