High Street West, Sunderland SR1 1 bed flat for sale

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High Street West, Sunderland SR1 1 bed flat for sale

High Street West, Sunderland SR1
£55,000

Our Summary

  • For greater detail on this property's investment potential, please see the Let Property Pack linked below
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

Description

This 1-bedroom flat in Sunderland is a fantastic investment opportunity for those looking to expand their portfolio. The property is well-kept and features an open plan lounge, kitchen, and three-piece bathroom. Currently, it produces an annual gross income of £6,600, which could be increased to a market rate of £7,200 with long-term tenants already in situ. The tenants have been consistently paying rent for several years and have no plans to move out, making for a stable and lucrative investment. With a competitive purchase price, this property has the potential to be a worthwhile addition to any investor's portfolio.