1 bedroom apartment for sale

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1 bedroom apartment for sale

Parsons Road, Washington, Tyne And Wear, NE37
£79,950

Our Summary

  • However, recent years have seen a dramatic shift, with the North East now outpacing the North West in terms of investment potential, infrastructure development, and property value growth

Description

This development in Washington, Sunderland, offers a rare investment opportunity with 40 contemporary apartments available at below market value. The property boasts high-end fixtures and fittings, with projected rental yields of up to 11% for short-term lets and 7% for long-term lets. The area is experiencing rapid growth and regeneration, driven by infrastructure developments, new employment opportunities, and a thriving local economy. The Nissan automotive plant, just 3 miles away, is a significant economic driver, creating demand for quality housing options. With prices starting below market value, this property provides an attractive opportunity for investors to secure above-average rental income and capital growth, while also benefiting from the area's projected property value growth.