House For Sale £65,000
Finchale Close, Sunderland, SR2

The subject property is a 2 bedroom house which is currently void and in need for some modernisation. Once complete could let at £525.00 per calendar month and would make an ideal readymade investment opportunity.

Sold as seen.

The property is located in a popular residential location being only a few minutes’ walk away from an excellent choice of everyday amenities, as well as allowing for easy access to Sunderland city centre and the A19 regional road network.

Sunderland - What’s going on?

Sunderland's house prices are lower compared to other northern UK buy-to-let areas, but the increased rental demand offers higher yields for investors. The major private and council lead developments in the inner-city area also signal potential for significant capital appreciation in the near future. These developments include; City Hall, Train Station Auditorium, several office blocks, hotels, 10,000 seater multi-purpose arena, dockland movie studio by the Fulwell 73 Group, and many more smaller private developments.

Sunderland is viewed as a "sleeping giant" with the potential for both high short-term yields and long-term capital growth for investors who purchase properties now.

According to Land Registry, the average house price in the city was £137,419 in December, outperforming the North East's 1.5% decrease in prices (average of £147,000) and surpassing the national average rise of 0.8%. In the past year, the average sale price of properties in Sunderland rose by £16,000.