£23,000

Studio for sale

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£23,000

Studio for sale

Dunn House, 50-56 North Bridge St, Sunderland SR5

1 bath
1 reception
EPC rating: C
Tenure
Ask agent
Council tax band
Ask agent
Ground rent
£240

Local area information

Property location

Nearby amenities

  • Beacon of Light School 0.2 miles
  • Dame Dorothy Primary School 0.4 miles
  • Sunderland 0.6 miles
  • Seaham 5.6 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

Unmissable student investment opportunity! Generate an excellent return with this tenanted student studio apartment in the heart of Sunderland city centre.

We are pleased to offer this luxury student apartment to the market, situated in Sunderland’s very popular and well-located Dunn House. The spacious double room is offered fully furnished with double bed, study area with desk, fully fitted kitchenette and modern ensuite bathroom. Already tenanted for the 2024 academic year, you can generate an impressive return right from completion.

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, residents will also have a quick and easy way to reach Sunderland and Newcastle city centres.

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.

Financial Breakdown

Gross rent: £5,520
Ground rent: £240
Service charge: £3,134
Lettings fees: £563
Net income: £1,583
Gross yield: 24%
Net yield: 6.88%

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-07683

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  1. Zoopla
  2. For sale
  3. Tyne & Wear
  4. Sunderland
  5. North Bridge Street

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