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1 bed flat for sale

£79,950 From

John Street, Sunderland SR1

1 1 1
Interested in this property? Call +44 1952 476892 * or

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Property features

  • Investment Opportunity
  • 7.2% Net Rental Returns
  • Completion Q4 2016
  • Buy-to-Let Apartments

Property description

Detailed Description

Buy-to-let investment opportunity

John Street is an exceptional opportunity to invest in an excellent below market value development at the heart of the growing maritime city of Sunderland.


Payment plan


* £1,000 reservation deposit
* 100% on exchange of contracts

John Street is located in the heart of Sunderland's city centre, providing an excellent central location for tenants in the city. With the Central Rail and Metro Stations just 0.10 and 0.12 miles from the development, John Street is ideally placed for commuters looking to travel to work in the surrounding areas, as well as enjoy excellent transport links to neighbouring Newcastle. John Street is also suitable for student tenants, standing less than 800 metres from the University of Sunderland city campus.


Why invest in sunderland


*Sunderland's rental yield was the 8th highest in the UK for the period of 2010-2016. Higher than the national average (study by Buy-To-Let Index & Zoopla 2016).
*Redevelopment projects comprise a new 1.8million public square which was completed in 2015.
*Sunderland is a thriving city with a lot of opportunities for its residents with 80 international companies, such as Nike and Nissan, having relocated to the city, catering to over 25,000 employees.

Floorplan(s): Floor Plan 1

Floor Plan 1 View original

Market activity
Average price paid £57,848 Sales 37 Current average value £106,350 (Zoopla Zed-Index) Value change -£3,197 ▼ -2.92%

Property value data/graphs for SR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £228,061 - 4.3 -
Semi-detached £108,770 - 2.8 -
Terraced £90,841 £81 2.9 £66,277
Flats £110,924 £137 1.7 £55,139

Current asking prices in SR1

Average: £132,343
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £85,779
(31)
£132,684
(19)
£177,462
(4)
- -
All £85,779
(31)
£132,684
(19)
£177,462
(4)
- -

Current asking rents in SR1

Average: £529 pcm
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £347 pcm
(14)
£551 pcm
(6)
£549 pcm
(5)
£663 pcm
(5)
£1,213 pcm
(3)
Flats £434 pcm
(106)
£600 pcm
(77)
£706 pcm
(9)
£260 pcm
(1)
-
All £424 pcm
(120)
£596 pcm
(83)
£650 pcm
(14)
£596 pcm
(6)
£1,213 pcm
(3)

Fun facts for SR1

Highest value in SR1
Highest value streets Zed-Index
Frederick Street £150,349
West Wear Street £141,059
Foyle Street £128,760
John Street £121,786
Norfolk Street £118,961
Highest turnover in SR1
Highest turnover streets Turnover
Cork Street 25.0%
Rosedale Street 21.7%
Winifred Terrace 21.4%
Mauds Lane 18.2%
Villiers Street 17.3%

What Zoopla users think of Sunderland

Overall rating:

  • currently 4 stars
Very good - 77% (182 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Sunderland:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Sunderland (0.1 miles)
  • Seaham (5.0 miles)
  • Heworth (7.7 miles)
  • Newcastle Airport (15.5 miles)
  • Durham Tees Valley Airport (27.5 miles)
  • Leeds Bradford International Airport (72.8 miles)
  • Newcastle International Ferry Terminal (6.6 miles)
  • South Shields Ferry Terminal (6.8 miles)
  • North Shields Ferry Terminal (7.3 miles)

Nearby schools

View all schools in Sunderland
  • Hudson Road Primary School (0.3 miles)
  • Dame Dorothy Primary School (0.7 miles)
  • Valley Road Community Primary School (0.8 miles)
  • Education and Services for People with Autism (0.6 miles)
  • Beacon of Light School (0.8 miles)
  • City of Sunderland College (1.5 miles)
  • St Anthony's Girls' Catholic Academy (0.6 miles)
  • Thornhill Park School (0.6 miles)
  • Argyle House School (0.6 miles)
Note: Distances are straight line measurements

Local info for Sunderland

AskMe Q&A for Sunderland

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For more information about this property, please contact
Nu:Move International, TF2 on +44 1952 476892 * (local rate)

Monthly running costs Beta

£411 Monthly total
Mortgage
Purchase price
Deposit (10%) 7,995
Repayment term 25
Interest rate 0.5
Your payment £255 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Energy Gas £21 Electricity £22 Estimated energy cost £43/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6300 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Sunderland

Estimated tax band A Council tax cost £90 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £10 Sewerage £13 Estimated water cost £23 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Nu:Move International, and do not constitute property particulars. Please contact Nu:Move International for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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