We are pleased to offer this opportunity to invest in this fully furnished luxury studio. The studio is situated in the popular student development – All Saints House.
All Saints House is in the heart of Sunderland and benefits from being only 0.7 miles from the City Centre and only 1 mile from the University of Sunderland Campus, making it an extremely sought after accommodation among students.
All rooms contain a personal kitchen, en-suite shower room and study area. Additional benefits include onsite wifi and ample parking making this one of the most attractive developments for students in the area.
Over the last 20 years, Sunderland has invested substantially in the Universities with around £130m in funding going towards improving its extensive facilities. This has only made the student population grow to near-20,000 strong, of which 40% are from overseas and desire private student accommodation in the area.
This makes Sunderland a perfect place to invest in student accommodation as the demand has never been higher!
Gross rent: £4,680 Ground rent: £250 Service charge: £2,306 Lettings fees: £618 Net income: £1,506 Gross yield: 18.72% Net yield: 6.02%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period. These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
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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.
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.