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Our Summary
- For sale by online auction on Tuesday, 19 May 2026 ending at 13:16Tenanted 1-bedroom ground floor flat with large rear garden, currently producing £5,086 pa with potential to increase to £6,600 pa, offering a high-yield investment opportunity
- 08 pa)•{tab}erv: £550 pcm (£6,600 pa)•{tab}Proven rental level within the block•{tab}Scope for rental uplift________________________________________
- Auctioneers NoteA ready-made income producing investment with potential to increase returns
- They are not necessarily figures which a property will sell for and may change at any time prior to the auction
- Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide
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Description
The property is a one-bedroom ground floor flat located in a popular residential area of Sunderland, with a large rear garden, gas central heating, and double glazing. The flat has direct access to the rear garden and comprises a lounge, kitchen, bedroom, and bathroom. The property benefits from rent of £423.84 pcm (£5,086.08 pa) with a high yield investment potential to increase to £6,600 pa and has a proven rental level within the block.
The flat is leasehold with 125 years remaining from 1990 and requires a ground rent of £10 per annum and a service charge of £98 pcm.