Studio for sale

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

Dunn House, 50-56 North Bridge St, Sunderland Sr5 1Ah

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: £6,885.00
Net income: £2,551.48
Gross yield: 27%
Net yield: 10.01%
Please contact agent for full financial breakdown.

Important note to purchasers: 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 or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07682