1 bedroom flat for sale

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1 bedroom flat for sale

27 Stockton Road, Sunderland, SR2
£29,750

Our Summary

  • This is great turnkey investment opportunity with income from Day 1
  • The property provides a high yield investment opportunity in a city that is experience significant development and growth

Description

This property is a secure complex located on the outskirts of the city center, offering easy access to local amenities, nightlife, and transportation links. The property has a 100% occupancy rate history and has been fully let through academic year 2025/26, providing a turnkey investment opportunity with income from day one. The property yields a gross annual income of £6,760, with a service charge rate of £2,880, resulting in a net annual income of £3,880. The service charge covers all maintenance and management costs, and the property has a dedicated on-site team to support tenants. The accommodation features a concierge reception, communal lounge, kitchen, and dining area, as well as en-suite rooms with double beds, wardrobes, and computer desks. The property is a high-yield investment opportunity in a city experiencing significant development and growth, with a purchase price of £29,750 and a yield of 13.04%.