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Studio for sale

£39,950 Fixed price

John Street, Sunderland SR1, Sunderland,

1
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Property description

Jameson House

Offering its residents contemporary and boutique living, Jameson House is the latest unique residential development in the growing North Eastern City of Sunderland.

With a range of standard, executive and superior studio apartments, this converted row of townhouses provides a fully furnished and comfortable living in the heart of Sunderland.

Less than 0.2 miles from the city's shopping centres, entertainment districts and main train station, Jameson House offers purchasers a 9% net rental return (excluding ground rent) for 3 years – with prices starting at only £39,995.

North East of England Buy-to-Let Residential Investment

As part of the Government’s extensive investment into the Northern Powerhouse, a major new industrial park is planned next to the current Nissan site in Sunderland – which expected to bring an estimated 5,200 new jobs to the region.

Since further investments plans are in the pipeline to strengthen the city’s transport links and social life – now is a great opportunity to invest in this thriving maritime city.

With only a limited amount of units available for a highly attractive price, get in touch with us today to not miss out.

Standard Studio: £39,995
Executive Studio: £44,995
Superior Studio: £49,995

Time Frames: Completion: Q4 2017
Purchase Process:
Rervation Reservation form completed & £1,000 non-refundable fee paid and deducted from the deposit on exchange.

Solicitors instructed, legal pack sent out & anti-money laundering process completed.

Exchange of Contracts 50% of purchase price, less the reservation fee, paid to solicitors & contracts exchanged within 28 days of reservation.
Legal Completion The remaining 50% of the purchase price is paid, the purchase is completed & Title Deeds registered with the UK Land Registry

Detailed Specification:

Kitchen Area:
Square cut laminate worktops in Granite effect – white gloss wall and base units – 2 ring electric hob – stainless steel sink and drainer – stainless steel electric oven* - refrigerator.

Bathroom:

Contemporary white suite including W/C, wash hand basin in vanity unit with tiled splash-back and mirror above, fully tiled shower cubicle with glass door and thermostatically controlled shower.

Woodwork and paint:

Walls and ceilings in white – Light Oak laminate flooring – 4inch skirting in satin white – Oak doors throughout – 3inch architrave in satin white – modern stainless steel ironmongery to all doors.

Heating:

Contemporary slim line electric heaters throughout.

Furniture pack:

2 seat faux leather sofa, coffee table*, 4 ft (small double) bed with faux leather headboard and mattress, double wardrobe, chest of drawers, bedside cabinet (where space allows), kettle, microwave, toaster.

* Due to space restrictions studios under 22 square meter will not have a coffee table and will have a counter top oven/microwave.




Market activity
Average price paid £56,537 Sales 37 Current average value £105,962 (Zoopla Zed-Index) Value change £2,506 ▲ 2.42%

Property value data/graphs for SR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £224,494 - 4.3 -
Semi-detached £108,191 - 2.8 -
Terraced £90,418 £81 2.9 £58,312
Flats £110,445 £138 1.7 £56,048

Current asking prices in SR1

Average: £92,808
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £124,995
(1)
- - £64,950
(1)
Flats £84,978
(13)
£102,389
(18)
£98,712
(4)
- -
All £84,978
(13)
£103,578
(19)
£98,712
(4)
- £64,950
(1)

Current asking rents in SR1

Average: £543 pcm
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £415 pcm
(3)
£515 pcm
(8)
£578 pcm
(5)
£664 pcm
(3)
£1,595 pcm
(2)
Flats £432 pcm
(73)
£592 pcm
(47)
£758 pcm
(14)
- £325 pcm
(1)
All £431 pcm
(76)
£581 pcm
(55)
£711 pcm
(19)
£664 pcm
(3)
£1,171 pcm
(3)

Fun facts for SR1

Highest value in SR1
Highest value streets Zed-Index
West Wear Street £140,369
Frederick Street £138,593
Foyle Street £128,218
Norfolk Street £122,276
John Street £121,134
Highest turnover in SR1
Highest turnover streets Turnover
Cork Street 25.0%
Winifred Terrace 21.4%
Rosedale Street 19.6%
Mauds Lane 18.2%
Villiers Street 17.3%

What Zoopla users think of Sunderland

Overall rating:

  • currently 4 stars
Very good - 76% (174 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 (15.4 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 (7.2 miles)

Nearby schools

View all schools in Sunderland
  • Hudson Road Primary School (0.3 miles)
  • Dame Dorothy Primary School (0.6 miles)
  • Valley Road Community Primary School (0.8 miles)
  • Education and Services for People with Autism (0.6 miles)
  • City of Sunderland College (1.5 miles)
  • Springwell Dene School (2.1 miles)
  • Sunderland High School (0.6 miles)
  • St Anthony's Girls' Catholic Academy (0.6 miles)
  • St Anthony's Catholic Girls' 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
Fraser Properties, IG11 on 020 8033 9433 * (local rate)

Monthly running costs Beta

£286 Monthly total
Mortgage
Purchase price
Deposit (10%) 3,995
Repayment term 25
Interest rate 0.5
Your payment £127 /mo Find available rates

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 £25 Estimated energy cost £46/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 Fraser Properties, and do not constitute property particulars. Please contact Fraser Properties 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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