Description
Key Investment Highlights:
- Property Type: Modern, furnished 2 bed/2 bath first-floor flat.
- Location: Prime location in Sunderland City Centre, minutes from Sunderland University.
- Current Tenancy: Fully let at £650 PCM (including WiFi and water rates) on a 12-month AST since 17th March 2022.
- Investment Potential: Part of a recent successful RTM takeover, offering a stable, turnkey investment.
Why Sunderland?
- Rapid Development: Sunderland is undergoing significant growth, offering promising prospects for property investors.
- Devolution Boost: The North East’s new devolution plan, with a £4.2bn investment, promises regional empowerment and substantial economic growth.
- Educational Excellence: Sunderland University, a top 50 institution (Guardian University Guide 2023), is a magnet for students and professionals.
- Strategic Investment: The city is set to benefit from a £400 million investment, enhancing its appeal and property values.
What This Means for Investors:
- Strong Demand: Proximity to a top-ranking university and a flourishing city center ensures continuous tenant demand.
- Economic Growth: The devolution plan and substantial investments in education and infrastructure signal a robust economic future for Sunderland.
- Community and Culture: A vibrant city with rich cultural experiences, appealing to a diverse tenant base.
Conclusion:
- This property represents a unique opportunity to invest in Sunderland’s promising future, with strong rental demand and a backdrop of significant regional investment. Perfect for investors seeking a stable and potentially lucrative addition to their portfolio.
More info:
- Ground rent: Full annual charge of £200.00 to 31/12/2023 settled in full by the current owners.
- Service charge: Service charge of £2,192.00 23/03/2023 to 23/03/2024 settled in full by the current owners.
- Lease terms: Leasehold, Term : 250 years from 1 January 2016
- Please contact 10Homes for our full buyers information pack
Address
Open on Google Maps- Address 18 John Street
- City Sunderland
- Postal Code SR11HT
Details
Updated on November 20, 2024 at 11:33 am- Property ID: 1JS
- Price: £45,000
- Bedrooms: 2
- Room: 1
- Bathrooms: 2
- Property Status: Sold
Overview
Property ID: 1JS
- 2
- 2
Book a viewing
Contact Information
View Listings
IMPORTANT NOTICE In accordance with the Property Misdescriptions Act (1991) we have prepared these sales particulars as a general guide to give a broad description of the property. They are not intended to constitute part of an offer or contract. We have not carried out a structural survey and the services, appliances and specific fittings have not been tested. All photographs, measurements, floorplans and distances referred to are given as a guide only and should not be relied upon for the purchase of carpets or any other fixtures or fittings. Lease details, service charges and ground rent (where applicable) are given as a guide only and should be checked and confirmed by your Solicitor prior to exchange of contracts. The copyright of all details, photographs and floorplans remain exclusive to 10Homes Ltd.
