1 bed flat for sale

Flat 2B Park Lane House, Sunderland, Tyne And Wear SR2

For sale by online auction on Tuesday, 17 Mar 2026 ending at 13:14

140 Per Week Income – Long-Term Let in Place Until 2027.

Deluxe Studio | Let at £140 per week | EPC Rating: C

A superb opportunity to acquire a high-yielding deluxe studio apartment within the popular Park Lane House development, offered for sale by auction as a fully let investment.

The unit is currently let at £140 per week and forms part of a scheme that has maintained 100% occupancy since opening, demonstrating strong and consistent tenant demand. The property is let through to August 2027, providing an incoming purchaser with secure, long-term income from day one.

Flat 2B comprises a well-presented studio bedroom with integrated storage and workspace, along with a modern en-suite shower room. Residents also benefit from access to high-quality communal facilities, including a contemporary kitchen/diner, social spaces and lobby areas, all designed to appeal to the student and young professional market.

The building is conveniently located close to local amenities, transport links and educational institutions, further underpinning the property’s rental appeal.

Key Investment Highlights:

Deluxe studio apartment

Let at £140 per week

Let through to August 2027

Proven 100% occupancy across the scheme

EPC Rating: C

Excellent hands-off investment opportunity

An ideal purchase for investors seeking secure income and strong rental demand in a purpose-built development.Tenure: LeaseholdEPC Rating: see legal pack

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Additional Fees
Buyers Premium: £2,500 inc vat payable upon the fall of the virtual gavel

Administration Charge - £2,500 inc vat payable upon the fall of the virtual gavel

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.