1 bedroom apartment for sale

>

1 bedroom apartment for sale

Parsons Road, Washington, Tyne And Wear, NE37
£106,000

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 key-ready development in Washington, Sunderland, offers 40 contemporary apartments with high-end fixtures and fittings, built to an impeccable standard. The property is located in a thriving area of growth and regeneration, with rental yields ranging from 7% to 11% per annum. The North East of England is emerging as a prime property investment destination, with infrastructure development, new employment opportunities, and property value growth driving demand. The development is situated just 3 miles from the Nissan automotive plant, Europe's largest car manufacturing facility, which supports a strong local economy and creates significant demand for quality housing options. With convenient access to major transport networks and the best of the North East within easy reach, this unique residential project presents an exceptional opportunity for investors to secure above-average rental income and capital growth.