House For Sale £105,000
Alice Street, Sunderland, SR2

This spacious 3 bedroom terraced family home enjoys a central position only a short walk from Sunderland City Centre, The University City Campus, Park Lane Interchange and an excellent range of amenities including shops, bars, cafes and local parks. Located in the vibrant and sought after suburb Ashbrooke this splendid property benefiting from gas central heating and UPVC double glazing and having a well equipped kitchen and attractive bathroom suite. This property would be an ideal ready made investment opportunity, currently let and generating ££6,900PA in rental income which would be a circa 7% gross yield. 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.