West Wear Street, Sunderland 2 bed apartment for sale

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West Wear Street, Sunderland 2 bed apartment for sale

West Wear Street, Sunderland SR1
£45,000

Our Summary

  • Investment opportunity - rent c
  • Mainstream lending may be constrained during works — cash buyers best placed today

Description

This two-bedroom apartment is located in the landmark Echo Building on West Wear Street in Sunderland, offering a city living experience with river views and easy access to the city center and university. The apartment features a bright open-plan living/kitchen, two double bedrooms, and two bathrooms, making it ideal for sharers or a lock-up-and-leave investment opportunity. The property has a low entry price for a large 2-bed in SR1, with strong cashflow potential and a rent of around £850 per month. The apartment is on the third floor with double glazing and electric heating, and the lease has approximately 103 years remaining. The building is undergoing cladding remediation, which may affect mainstream lending, but cash buyers are well-placed to take advantage of this opportunity. Investors can benefit from a 3-month free management incentive with Rent North East and a potential rental income of £850 per month.