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Studio for sale

£50,000

Portobello Lane, Sunderland SR6

1 1
Interested in this property? Call +44 1722 515751 * or

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Property features

  • Large 1 Bed Studio
  • Fully Furnished
  • Fully Managed
  • Tenanted
  • £5610pa Gross Income
  • Immediate Income
  • Close To Local Amenities
  • 10 Mins From Campus
  • Cash Buyers Only
  • Let For This Academic Year

Property description

Tenanted purpose built student accommodation - 7% net yield A rare opportunity has been offered to us to sell a Premier 1 bed studio apartment at the All Saints development in Sunderland, the studio is fully furnished included in the price and is fully managed by an experienced management company. The studio has already been let for this academic year making it a great armchair investment with immediate income. The development has been operational for two years and comprises of 90 self contained studios over three floors. Located within a ten minute walk of the newly regenerated Sir Tom Cowie Campus at the University of Sunderland, students are in an ideal location for both work and play.

Nearby transport links offer fantastic convenience, with the Stadium of Light Metro Station within a six minute walk. A large Tesco, Lidl and retail park are all within very short walking distance.
Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £190,215 Sales 348 Current average value £204,099 (Zoopla Zed-Index) Value change -£16,292 ▼ -7.39%

Property value data/graphs for SR6

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £412,961 £246 3.8 £402,589
Semi-detached £199,653 £200 3.1 £187,430
Terraced £145,844 £150 2.9 £137,102
Flats £153,375 £188 2.0 £123,019

Current asking prices in SR6

Average: £231,505
Avg. current asking prices in SR6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £100,000
(1)
£146,539
(14)
£210,780
(25)
£380,807
(23)
£681,642
(6)
Flats £57,700
(23)
£144,265
(10)
- - £130,000
(1)
All £59,462
(24)
£145,592
(24)
£210,780
(25)
£380,807
(23)
£602,836
(7)

Current asking rents in SR6

Average: £629 pcm
Avg. current asking prices in SR6
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £600 pcm
(4)
£795 pcm
(2)
£880 pcm
(1)
£1,141 pcm
(3)
Flats £376 pcm
(5)
£549 pcm
(19)
- - £661 pcm
(2)
All £376 pcm
(5)
£558 pcm
(23)
£795 pcm
(2)
£880 pcm
(1)
£949 pcm
(5)

Fun facts for SR6

Highest value in SR6
Highest value streets Zed-Index
West Park Road £711,026
Underhill Road £698,084
The Square £696,205
Sunderland Road £631,618
Laburnum Grove £589,806
Highest turnover in SR6
Highest turnover streets Turnover
Markham Avenue 57.1%
Pebble Beach 54.5%
Frederick Terrace 50.0%
Rock Lodge Gardens 47.1%
Liddell Court 44.4%

What Zoopla users think of Sunderland

Overall rating:

  • currently 4 stars
Very good - 77% (184 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Sunderland:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Sunderland (0.8 miles)
  • Seaham (5.8 miles)
  • Heworth (7.4 miles)
  • Newcastle Airport (15.0 miles)
  • Durham Tees Valley Airport (28.3 miles)
  • Leeds Bradford International Airport (73.6 miles)
  • Newcastle International Ferry Terminal (5.9 miles)
  • South Shields Ferry Terminal (6.1 miles)
  • North Shields Ferry Terminal (6.5 miles)

Nearby schools

View all schools in Sunderland
  • Dame Dorothy Primary School (0.3 miles)
  • Redby Academy (0.3 miles)
  • Grange Park Primary School (0.4 miles)
  • Beacon of Light School (0.4 miles)
  • Education and Services for People with Autism (1.3 miles)
  • City of Sunderland College (2.1 miles)
  • St Anthony's Girls' Catholic Academy (1.2 miles)
  • Thornhill Park School (1.3 miles)
  • Argyle House School (1.3 miles)
Note: Distances are straight line measurements

Local info for Sunderland

About the neighbours in SR6

AskMe Q&A for Sunderland

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For more information about this property, please contact
Cloud Homes, SP1 on +44 1722 515751 * (local rate)

Monthly running costs Beta

£350 Monthly total
Mortgage
Purchase price
Deposit (10%) 5,000
Repayment term 25
Interest rate 1.5
Your payment £179 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance Rebuild value up to £150,000 Contents value up to £75,000 Average insurance cost £14/mo (£162/yr) In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy Gas £21 Electricity £23 Estimated energy cost £44/mo In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 6300 kWh/year
Electricity: 1800 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Sunderland

Estimated tax band A Council tax cost £90 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water Supply £10 Sewerage £13 Estimated water cost £23 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Cloud Homes about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Cloud Homes, and do not constitute property particulars. Please contact Cloud Homes for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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