Offers in region of
£29,750
1 bed flat for sale27 Stockton Road, Sunderland SR2
1 bed
1 bath
1 reception
The Good Estate Agent
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About this property
Turnkey investment
High yield
Tenanted
Great location
Hands-off investment
Management pack available
Great transport links
Student community
Park Lane
Secure
The Good Estate Agent Are Delighted To Bring To Market A High-Yielding Investment Property At Park Lane House, Sunderland, Sr2.
Enquire and book online quoting reference 24042
Located on the outskirts of the city centre in a prime location, the secure complex is ideally positioned for access to all local amenities, a vibrant nightlife and a city centre that is subject to significant investment and development in recent years with more modern developments on the way.
Ideally positioned within a large student community, with ease of access to all regional and national transport links as well as within walking distance of the university and college campuses including the medical school.
The property has a 100% occupancy rate history and has been fully let through academic year 2025/26. This is great turnkey investment opportunity with income from Day 1.
The property currently yields a gross annual income of £6,760 with a service charge rate of £2,880, providing net annual income of £3,880. The service charge covers all aspects of on-going maintenance and management with tenants supported by a dedicated on-site team.
The property provides a high yield investment opportunity in a city that is experience significant development and growth.
Purchase Price = £29,750
Annual Income = £6,760
Annual Maintenance and Service Charge = £2,880
net Profit = £3,880
Yield = 13.04%
Management pack with breakdown of full income history available on request.
The accommodation comprises:
Entry:
Secure entry system at the front aspect of the property.
Concierge Reception:
The concierge reception located at the front of the building provides peace of mind
Communal lounge and TV area:
Well proportioned and providing a community atmosphere for residents.
Communal Kitchen, Dining and Living area:
Quality communal facilities which are well maintained.
Room with en-suite:
En-suite room with double bed, wardrobes and computer desk area.
Council Tax Band
The council tax band for this property is A.
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