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5 bed terraced house
Elmwood Street, Sunderland SR2
£355,000
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Our Summary
- • Fully refurbished in 2023 to a high, modern standard • 1 large 3 bedroom flat, all rooms ensuite with in room drinks stations • No HMO licence required • 2 x high end 1 bedroom flats • Gross rent exceeding £40,000 per year • Only bills paid are for the 3 bedroom flat — excellent net yield potential • Floor plan available Income Breakdown • Flat 1 (3 bed ensuite) – £610 + £710 + £610 • Flat 2 (1 bed) – £750 • Flat 3 (1 bed) – £725 Total: £40,000+ per annum A rare chance to secure a fully let, high spec block with strong, predictable income and low management friction
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Description
The property is a fully refurbished, multi-unit block consisting of one large 3-bedroom flat with ensuite bathrooms and in-room drinks stations, and two high-end 1-bedroom flats. The 3-bedroom flat pays for its own bills, making it an attractive investment opportunity with a high net yield potential. The property was completed in 2023 and has one floor plan available, with a gross annual income exceeding £40,000.