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
£61,000

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 an attractive investment opportunity, offering a current annual gross income of £6,600 and potential to increase to £7,200 with new tenants. The property is well-maintained and features an open-plan lounge, kitchen, and three-piece bathroom. With a tenant already in situ, there is minimal risk and a smooth transition process. The current tenants have a long-standing rental agreement and have consistently paid their rent, with no intention to move out. This presents a worthwhile addition to an investor's portfolio, with the potential for increased returns and a stable rental income stream.