Fantastic investment - 9.8% net return
A Premium quality large Double Bed studio apartment at the popular Dunn House development, in the heart of the city centre. A perfect cash investment with a fantastic return. Currently rented to the end of the academic year July 2018.
Dunn House is just a short walk from the St Peters and City Space campuses at The University of Sunderland, and right next to a large 24-hour Tesco and other shops - perfect for convenient student living. And with the Stadium of Light Metro stop nearby, you'll also have a quick and easy way to reach Sunderland and Newcastle city centres.
The studio has its own kitchen, bathroom and study area, and you'll also get access to the building's onsite gym and a large common room with sky TV and pool table.
Safety and security 24 hour CCTV is recording throughout Dunn House with over 100 cameras monitoring the site for your safety. Fire Extinguishers and/or Fire Blankets are provided in every room and communal areas.
The room features an en-suite bathroom /shower room comprising lino flooring and neutral decor as well as a three piece white suite including w.C, sink and shower.
Dedicated shared kitchen
Beyond the self-contained rooms, each room has a shares a dedicated allocated kitchen. Which is fully fitted with all the required goods including ovens/ hobs.
Free access to the on-site Gym facilities available
A recreational area is also available on the ground floor, with a pool table, TV, tables and chairs etc... Which is available for all residents, an excellent opportunity to meet new friends and neighbours within Dunn House.
There are 2 lifts on site providing access to all floors.
A launderette is available on site with a small additional charge to use the facilities.
Communal cleaner on site most days to ensure all corridors, communal areas, laundry room, Gym room, and communal kitchens, are clean and tidy
let for the 2017/18 academic year
Let on a 44 week at £105.00 per week
Ground Rent: £150.00
Service Charge: £2,058.43
Management Fee: 8% + VAT (£443.52)
9.8% net Yield
Net income: £1968.05
*Please note these figures are an estimate as provided by the vendor and Management Company.
This article, whilst believed to be accurate, is a guideline and does not comprise any part of an offer or contract. Purchases should not rely on them as facts, but must satisfy themselves by inspection. Although we aim for accuracy, measurements may be approximate.
Sold prices provided by Land Registry
29th Jun 2018
Price reduced by £2,000
13th Jun 2018
Price increased by £3,000
6th Jun 2018
Price increased by £7,000
4th May 2018
Price reduced by £5,000
20th Apr 2018
Price reduced by £5,000
2nd Apr 2018