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1 bed flat for sale

£44,995

John Street, Sunderland SR1

1
Interested in this property? Call +44 1642 966608 * or

* Calls to this number will be recorded for quality, compliance and training purposes.

Property features

  • 61 self-contained studio apartments
  • Current offer of 10% net until told otherwise
  • 3 Year rental guarantee
  • Targeted at students
  • Q3 2017 build completion
  • 250 Year Lease
  • Fully furnished
  • £300 Ground rent to pay annually

Property description


Summary
Jameson House is an exceptional opportunity to invest in an excellent development at the heart of the growing maritime city of Sunderland. Jameson House, Sunderland provides purchasers with a 9% net rental return (excluding ground rent), complete with a 3 year rental assurance*.

Description
Joint Partnership with Priestly Construction and Sunniside investments Limited. Priestley Construction specialise in conversions and have an excellent track record of delivering projects on time and to an exacting standard. Priestley Construction have a growing portfolio of conversion schemes ranging from small, luxury developments such as Stableford Hall, Manchester and Boyds Mill, Leeds to large residential apartment schemes with projects in the pipeline which will deliver 400+ new homes over the next two years. Other completed developments include Airedale House, The Grand Mill and Quebec Street in Bradford, Sartoria Court in Manchester and the Boat House in Liverpool.

Lease details are currently being compiled. For further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.

1. Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. Measurements: These approximate room sizes are only intended as general guidance. You must verify the dimensions carefully before ordering carpets or any built-in furniture.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.

Property info

Market activity
Average price paid £66,999 Sales 18 Current average value £102,838 (Zoopla Zed-Index) Value change -£3,910 ▼ -3.66%

Property value data/graphs for SR1

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £219,904 - 4.3 -
Semi-detached £105,406 - 2.8 £126,000
Terraced £87,154 £78 2.9 £68,500
Flats £106,799 £132 1.7 £57,936

Current asking prices in SR1

Average: £81,839
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £57,500
(1)
£61,640
(3)
£65,000
(1)
£99,950
(1)
Flats £68,969
(5)
£96,707
(15)
£129,950
(2)
- -
All £68,969
(5)
£94,256
(16)
£88,964
(5)
£65,000
(1)
£99,950
(1)

Current asking rents in SR1

Average: £518 pcm
Avg. current asking prices in SR1
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses £312 pcm
(1)
£584 pcm
(6)
£497 pcm
(3)
£661 pcm
(4)
£714 pcm
(4)
Flats £424 pcm
(65)
£579 pcm
(60)
£796 pcm
(5)
£303 pcm
(1)
-
All £422 pcm
(66)
£579 pcm
(66)
£684 pcm
(8)
£589 pcm
(5)
£714 pcm
(4)

Fun facts for SR1

Highest value in SR1
Highest value streets Zed-Index
Fawcett Street £221,846
Frederick Street £149,306
West Wear Street £135,663
Foyle Street £125,256
John Street £117,451
Highest turnover in SR1
Highest turnover streets Turnover
Mauds Lane 27.3%
Rosedale Street 21.7%
Winifred Terrace 21.4%
The Leazes 17.5%
Villiers Street 17.3%

What Zoopla users think of Sunderland

Overall rating:

  • currently 4 stars
Very good - 77% (187 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 (0.1 miles)
  • Seaham (5.0 miles)
  • Heworth (7.7 miles)
  • Newcastle Airport (15.5 miles)
  • Durham Tees Valley Airport (27.5 miles)
  • Leeds Bradford International Airport (72.8 miles)
  • Newcastle International Ferry Terminal (6.6 miles)
  • South Shields Ferry Terminal (6.8 miles)
  • North Shields Ferry Terminal (7.3 miles)

Nearby schools

View all schools in Sunderland
  • Hudson Road Primary School (0.3 miles)
  • Dame Dorothy Primary School (0.7 miles)
  • Valley Road Community Primary School (0.8 miles)
  • Education and Services for People with Autism (0.6 miles)
  • Beacon of Light School (0.8 miles)
  • City of Sunderland College (1.5 miles)
  • St Anthony's Girls' Catholic Academy (0.6 miles)
  • Thornhill Park School (0.6 miles)
  • Argyle House School (0.6 miles)
Note: Distances are straight line measurements

Local info for Sunderland

AskMe Q&A for Sunderland

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For more information about this property, please contact
Manners & Harrison, TS23 on +44 1642 966608 * (local rate)

Monthly running costs Beta

£327 Monthly total

Mortgage

Purchase price
Deposit (10%) 4,499
Repayment term 25
Interest rate 1.5
Your payment £161 /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.

Energy

Gas £20 Electricity £25 Estimated energy cost £45/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 £98 /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.

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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 Manners & Harrison, and do not constitute property particulars. Please contact Manners & Harrison 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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