Tenanted 1-bedroom ground floor flat with large rear garden, currently producing £5,086 pa with potential to increase to £6,600 pa, offering a high-yield investment opportunity.
Description
Tenanted 1-Bed Ground Floor Flat – High Yield Investment
Tenanted one-bedroom ground floor flat located in a popular residential area of Sunderland. The property benefits from a large rear garden, gas central heating, and double glazing, making it attractive to long-term tenants.
The accommodation briefly comprises lounge, kitchen, bedroom and bathroom, with direct access to the rear garden.
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💰 Investment Details
•{tab}Current Rent: £423.84 pcm (£5,086.08 pa)
•{tab}ERV: £550 pcm (£6,600 pa)
•{tab}Proven rental level within the block
•{tab}Scope for rental uplift
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📑 Tenure & Charges
•{tab}Leasehold – 125 years from 1990 (approx. 89 years remaining)
•{tab}Ground Rent: £10 per annum (peppercorn)
•{tab}Service Charge: £98 pcm
•{tab}Managed by Gentoo
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⭐ Key Features
•{tab}Tenanted investment
•{tab}Ground floor
•{tab}Large rear garden
•{tab}Strong rental demand area
•{tab}Income + reversion potential
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⚖️ Auctioneers Note
A ready-made income producing investment with potential to increase returns. Ideal for landlords seeking a high-yield addition to their portfolio.
Tenure: Leasehold
EPC Rating: C
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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- 1 Bedroom
- Unconditional (Immediate Exchange)
Call the team on 0191 908 9691 for more information
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