2 bed Flat For Sale £65,000
John Street, Sunderland

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

Council Tax Band: B
Tenure: Leasehold
Lease Years Remaining: 250
Ground Rent: £200.00 per year
Service Charge: £2192.00 per year