Sold subject to contract
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Offers in region of

£260,000

6 bed terraced house for sale
Cromwell Street, Millfield, Sunderland SR4

    • 6 beds

    • 2 baths

    • 2 receptions

  • EPC Rating: E

  • Freehold

Propertunity North East Ltd

Logo of Propertunity North East Ltd

About this property

  • Former HMO

  • 6 Bedrooms

  • Purchase Price £130,000

  • Estimated Refurb £30,000

  • Gross Yield 18%

  • Annually Rent £28,800

  • End Value £240,000

Ready Made HMO Investment Opportunity

Cromwell Street, Millfield, Sunderland, this terraced house is a gem waiting to be discovered. Boasting 2 reception rooms and 6 bedrooms spread across its well-designed layout, this property offers ample space for comfortable living.

With 2 bathrooms to cater to the needs of its occupants, this fully refurbished and operational 6 Bedroom HMO is a lucrative investment opportunity. Each room is to be let at conservative rent of £450 per calendar month, resulting in a substantial gross rental income of £32,400 per annum. This impressive income equates to a gross 12.5% yield, making it a financially rewarding venture for any prospective buyer.

The property's prime location is a standout feature, being conveniently situated near Sunderland University and the Royal General Hospital. This proximity ensures a constant demand for tenants, making it an attractive option for those looking to invest in the rental market.

Bedroom (4.16m x 3.42m (13'8" x 11'3"))

Door to:

Bedroom (4.22m x 2.05m (13'10" x 6'9"))

Door to:

Bedroom (4.14m x 2.91m (13'7" x 9'7"))

Living Room (4.20m x 3.68m (13'9" x 12'1"))

Door to:

Breakfast Room (3.45m x 1.78m (11'4" x 5'10"))

Door to:

Kitchen (2.72m x 3.68m (8'11" x 12'1"))

Hall

Storage cupboard, stairs, door to:

Bathroom

Door to:

Shower Room

Door.

Bedroom (2.44m x 2.81m (8'0" x 9'3"))

Door to:

Bedroom (2.73m x 2.81m (8'11" x 9'3"))

Door to:

Bedroom (2.00m x 3.68m (6'7" x 12'1"))

Door.

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Property descriptions and related information displayed on this page are marketing materials provided by - Propertunity North East Ltd. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Propertunity North East Ltd for full details and further information.