Studio Flat For Sale £40,000
**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!
We are pleased to offer the opportunity to invest in this fully furnished luxury studio. The studio is situated in the popular student development – All Saints House.
All Saints House is in the heart of Sunderland and benefits from being only 0.7 miles from the city centre and just 1 mile from the University of Sunderland campus, making it an extremely sought-after accommodation amongst students.
All rooms contain a personal kitchen, an en-suite shower room and a study area. Additional benefits include onsite wifi and ample parking, making this one of the most attractive developments for students in the area.
Over the last 20 years, Sunderland has invested substantially in its university, with around £130m in funding going towards improving its extensive facilities. This has only made the student population grow and it now stands at almost 20,000, of which 41% are from overseas and desire private student accommodation in the area.
This makes Sunderland a perfect place to invest in student accommodation as the demand has never been higher!
Please note: The images shown are of a show apartment and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £6,375
Ground rent: £200
Service charge: £2,352
Lettings fees: £842
Net income: £2,982
Gross yield: 15.94%
Net yield: 7.45%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06930
We are pleased to offer the opportunity to invest in this fully furnished luxury studio. The studio is situated in the popular student development – All Saints House.
All Saints House is in the heart of Sunderland and benefits from being only 0.7 miles from the city centre and just 1 mile from the University of Sunderland campus, making it an extremely sought-after accommodation amongst students.
All rooms contain a personal kitchen, an en-suite shower room and a study area. Additional benefits include onsite wifi and ample parking, making this one of the most attractive developments for students in the area.
Over the last 20 years, Sunderland has invested substantially in its university, with around £130m in funding going towards improving its extensive facilities. This has only made the student population grow and it now stands at almost 20,000, of which 41% are from overseas and desire private student accommodation in the area.
This makes Sunderland a perfect place to invest in student accommodation as the demand has never been higher!
Please note: The images shown are of a show apartment and may not be representative of the property for sale.
Financial Breakdown
Gross rent: £6,375
Ground rent: £200
Service charge: £2,352
Lettings fees: £842
Net income: £2,982
Gross yield: 15.94%
Net yield: 7.45%
Important Note To Purchasers
*Service charge, management fee and ground rent are included as part of the assured rental period.
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 must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
Yieldit ref: Yl-06930
