Studio for sale

All Saints, Portobello Lane, Sunderland SR6

All Saints, Portobello Lane, Sunderland, Sr6 0Dn

Please note: Due to the size of the unit and lease restrictions associated with purpose-built student accommodation (pbsa), this property is not mortgageable and is available to investment purchasers only. Cash buyers only.

We are pleased to offer this fully furnished studio apartment within the popular All Saints House student development.

Ideally located in the heart of Sunderland, the development is just 0.7 miles from the city centre and approximately 1 mile from the University of Sunderland campus, making it a highly desirable choice for students. Each self-contained studio benefits from a private kitchenette, en-suite shower room, and dedicated study area. Residents also enjoy on-site Wi-Fi and ample parking.

Sunderland remains a strong location for student property investment, with approximately £130 million invested into the city's higher education facilities over the past 20 years. The city is home to almost 20,000 students, around 41% of whom are international students, helping to support ongoing demand for quality private accommodation.

This property offers investors the opportunity to acquire a well-located asset within an established student development in a market driven by consistent student demand.

This property may fall within a selective licensing area where charges may apply.

Please note that, in line with current legislation, student tenancies may be granted on periodic agreements rather than fixed-term contracts. Any rental figures provided are illustrative of a typical 44-week academic year and are subject to change. Please contact us for further information.

Financial Breakdown

Gross Rent: £7,260.00
Net income: £3,383.90
Gross yield: 24.2%
Net yield: 11.28%
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-08559