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Studio for sale

£44,995

High Net Rental Return, Apartment No.34., Sunderland SR1

1
Interested in this property? Call 020 8128 1037 * or

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Property description

An exceptional opportunity to invest in an excellent development at the heart of the growing maritime city of Sunderland.

Investment Overview

• High net Rental Return
• Converted Development, Self-Contained Studios
• Standard, Executive & Superior Studio Apartments
• Due for completion Q4 2017
• Great Transport Links With Direct Trains to London
• £100M Invested In The New Wear Crossing Project
• UK Digital City 2014

Sunderland's rental yield was the 8th highest in the UK for the period 2010-2016, higher than the national average. It 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.

Key features

• Fully Furnished
• Central Location
• Communal Area
• 250 Year Leasehold
• Minutes Walk From Sunderland Station
• Within Walking Distance From The Bridges Shopping Centre

Each studio apartment comes with a furniture pack, offering a carefully selected range of contemporary designs, chosen specifically to complement the apartments.

Payment Process

• £1000 Reservation Fee
• 50% Within 28 Days - Exchange of Contracts (Less Reservation Fee)
• Remainder 50% on Completion Q4 2017

Parker Buchanan

We attribute our huge success to building great relationships with each and every individual who enters partnership with us. Our team of professionals are ready and looking forward to providing you with exceptional service.

Secure an apartment now!

Floor plans and availability will be emailed to you on request.
Market activity
Average price paid £57,191 Sales 36 Current average value £108,475 (Zoopla Zed-Index) Value change £1,100 ▲ 1.02%

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: £132,568
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - - - - -
Flats £78,022
(22)
£128,407
(20)
£155,970
(5)
- -
All £78,022
(22)
£128,407
(20)
£155,970
(5)
- -

Current asking rents in SR1

Average: £539 pcm
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £334 pcm
(18)
£536 pcm
(6)
£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)
£585 pcm
(78)
£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% (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 (0.2 miles)
  • Seaham (5.0 miles)
  • Heworth (7.8 miles)
  • Newcastle Airport (15.6 miles)
  • Durham Tees Valley Airport (27.5 miles)
  • Leeds Bradford International Airport (72.8 miles)
  • Newcastle International Ferry Terminal (6.7 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 (0.2 miles)
  • Dame Dorothy Primary School (0.6 miles)
  • Valley Road Community Primary School (0.7 miles)
  • Education and Services for People with Autism (0.6 miles)
  • Beacon of Light School (0.9 miles)
  • City of Sunderland College (1.6 miles)
  • St Anthony's Girls' Catholic Academy (0.7 miles)
  • Thornhill Park School (0.7 miles)
  • Argyle House School (0.7 miles)
Note: Distances are straight line measurements

Local info for Sunderland

About the neighbours in SR1

AskMe Q&A for Sunderland

Ask a question

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For more information about this property, please contact
Parker Buchanan, WC2H on 020 8128 1037 * (local rate)

Monthly running costs Beta

£299 Monthly total
Mortgage
Purchase price
Deposit (10%) 4,499
Repayment term 25
Interest rate 0.5
Your payment £143 /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 Parker Buchanan, and do not constitute property particulars. Please contact Parker Buchanan 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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