£33,500

Studio for sale

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£33,500

Studio for sale

All Saints, Portobello Lane, Sunderland SR6

1 bath
1 reception
EPC rating: D
Tenure
Ask agent
Council tax band
Ask agent
Ground rent
£250

Local area information

Property location

Nearby amenities

  • Dame Dorothy Primary School 0.2 miles
  • Grange Park Primary School 0.4 miles
  • Sunderland 0.8 miles
  • Seaham 5.8 miles

These distances are calculated in a straight line. The actual route and distance may vary.

Read our area guide for Sunderland to find out more about the area.

Features and description

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 amongst students.

All rooms are completed to a high specification including kitchenette, 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 41% 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!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross rent: £6,558
Ground rent: £250
Service charge: £2,746
Lettings fees: £721
Net income: £2,840
Gross yield: 19.57%
Net yield: 8.48%

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.

Yieldit ref: Yl-07659

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  1. Zoopla
  2. For sale
  3. Tyne & Wear
  4. Sunderland
  5. Portobello Lane

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