5 bed terraced house for sale

Whitehall Terrace, Sunderland SR4

Whitehall Terrace, Sunderland, Sr4 7Sr

Whitehall Terrace is a substantial five bedroom HMO investment property situated in the popular residential area of Sunderland, SR4. Originally a three bedroom terraced house, the property has been reconfigured and extended with a loft conversion to provide five lettable bedrooms arranged across the ground, first and second floors. Externally, the property benefits from a small front forecourt, enclosed rear yard and on street parking.

The property is well positioned for access to Sunderland city centre, local shops, amenities and transport links, making it a popular location for supported and professional accommodation. The surrounding area has a strong demand for rental housing and offers convenient access to local services, schools and commuter routes throughout the city and wider North East region.

The property is held freehold and is currently leased on a long term agreement, now entering the final year of the existing term. A renewal has not yet been formally discussed, although the vendor believes there is a strong likelihood of extension. The tenant is responsible for bills and maintenance, providing a hands off investment opportunity. The city benefits from ongoing regeneration projects including Riverside Sunderland and wider investment into infrastructure, employment and the city centre, helping to support both tenant demand and long term growth prospects. Major employers including Nissan, the Port of Sunderland and the University of Sunderland continue to underpin the local economy and rental market.

Financial Breakdown

Gross Rent: £12,612.00
Net income: £12,612.00
Gross yield: 9.7%
Net yield: 9.7%
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-08534