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1 bedroom flat for sale
Borough Road, Sunderland, SR1
£53,000
Borough Road, Sunderland, SR1
£53,000
Our Summary
- For greater detail on this property's investment potential, please see the Let Property Pack linked below
Description
This 1-bedroom flat in Sunderland is an attractive investment opportunity, generating a current annual gross income of £6,000 and offering potential for increased returns to £7,200 with a long-term tenant already in place. The property is well-maintained and features a bedroom, lounge, kitchen, and bathroom. With a tenant who has been in the property for several years and has consistently paid rent, the new owner can expect a smooth transition and minimal vacancy time. The property's investment potential is further highlighted by its proximity to amenities and the possibility of increasing the rent to market rate, making it a worthwhile addition to any property portfolio.