Studio flat for sale

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Studio flat for sale

Norfolk Street, Sunderland, Tyne And Wear, SR1
£49,950

Our Summary

  • While the renovations are conducted over the next 24 months new owners of units in this Student Accommodation will receive a developer backed 8% per year rental return scheduled to last the 24 months while works are ongoing for peace of mind

Description

This key-ready student accommodation project in Sunderland is a fully operational tenanted property that is undergoing modernization, including heating system and basement works. The property is located near the city center, next to the main train station, and within a 10-minute walk from the University's main campus. The interior renovations and refurbishments, scheduled to be completed by summer 2024, will include updated kitchens, communal areas, and bedrooms, allowing the management company to increase rental yields over the next 24 months. New owners will receive a developer-backed 8% annual rental return for the 24-month period while the works are ongoing. The property offers a prime location, with comfortable and modern en-suite rooms, study tables and chairs, free high-speed Wi-Fi, 24-hour surveillance, and all-inclusive prices. The common amenities include a laundry room, communal TV, and washing machine, making it an ideal choice for students seeking comfortable and convenient accommodation.