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1 bed flat for sale

£39,995 From

John Street, Sunderland SR1

1 1 1
Interested in this property? Call 01722 515751 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • Standard Studio - £39,995
  • Executive Studio - £44,995
  • Superior Studio - £49,995
  • 9% Net Yield
  • Guaranteed For 3 Years
  • Fully Furnished
  • Fully Managed
  • 250 Year Leasehold
  • Communal Outdoor Area, Cycle Store & Laundry Facility
  • Cash Buyers Only

Property description

Payment Plan

+ £1,000 Reservation Fee

+ 50% On Exchange of Contracts

+ 50% Due on completion (Q4 2017)

Investment Overview 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.

Sunderland city council is investing money in the city centre to breathe new life into the city. Redevelopment projects comprise a new 1.8million public square which was completed in 2015.

Sunderland is home to the University of Sunderland, with nearly 19,500 students enrolled from over 100 countries.

The city was awarded the title "Top Student Town" for landlords in 2016, thanks to the high average rental yield and low house prices - succeeding student hotspots such as Manchester and Newcastle-upon-Tyne.

+ 9% net Rental Return

+ 3 Year Rental Assurance

+ Central Location

+ £1 Billion invested in redevelopments across the city

+ Sunderland had the highest average rental yield of student cities in the UK 2016

+ No.1 student town for landlords 2016

+ 250-year leasehold

+ Completion date Q4 2017

Key Features Jameson House is an exceptional opportunity to invest in an excellent development at the heart of the growing maritime city of Sunderland.

The development is ideally located for both students and young professionals in the city. 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.

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

+ 61 self-contained studios

+ Conversion of an existing office to C3 residential conversion for use by students

+ Fully Furnished; Fully equipped kitchenette, Contemporary en-suite shower rooms

+ Communal outdoor seating, Cycle storage and Laundry facilities

+ City centre location just 0.47 miles from the University of Sunderland City Campus

Call us today for more information about the property.
Market activity
Average price paid £57,191 Sales 36 Current average value £108,475 (Zoopla Zed-Index) Value change £587 ▲ 0.54%

Property value data/graphs for SR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £232,323 - 4.3 -
Semi-detached £110,914 - 2.8 -
Terraced £92,733 £83 2.9 £65,187
Flats £113,086 £140 1.7 £54,907

Current asking prices in SR1

Average: £139,910
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £82,345
(16)
£128,407
(20)
£155,970
(5)
- -
All £82,345
(16)
£128,407
(20)
£155,970
(5)
- -

Current asking rents in SR1

Average: £538 pcm
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £334 pcm
(18)
£562 pcm
(5)
£556 pcm
(4)
£665 pcm
(7)
£1,208 pcm
(4)
Flats £430 pcm
(99)
£589 pcm
(72)
£718 pcm
(10)
£260 pcm
(1)
£325 pcm
(1)
All £416 pcm
(117)
£587 pcm
(77)
£671 pcm
(14)
£614 pcm
(8)
£1,031 pcm
(5)

Fun facts for SR1

Highest value in SR1
Highest value streets Zed-Index
Frederick Street £150,666
West Wear Street £143,892
Foyle Street £131,378
John Street £124,187
West Sunniside £122,127
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 - 77% (180 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
Cloud Homes, SP1 on 01722 515751 * (local rate)

Monthly running costs Beta

£283 Monthly total
Mortgage
Purchase price
Deposit (10%) 3,999
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 £19 Electricity £24 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 Cloud Homes, and do not constitute property particulars. Please contact Cloud Homes 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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