2 bed Flat For Sale £399,950
John Street, Sunderland, SR1

Ready Made Investment Opportunity. this substantial mid terraced property briefly comprises of 2 x 2 bedroom flats, 1 x 1 bedroom flat, 1 x cafe, 1 x office/retail unit (vacant). Current rental income £1,868.33PCM scope to to increase this at the end of the existing term of the tenancies. Sunderland - Whats 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.