4 bedroom terraced house

Fantastic investment opportunity + Great options to add value and refinance + Very popular central location + 9% gross rental yield + Large rear yard with roller shutters, allowing off-road parking + 4-Bedroom Terraced Property in Sunderland – Investment Opportunity Overview A four-bedroom terraced property offering 1,259 ft˛ of internal living space, currently let at Ł800 PCM with a tenant in place. The property provides an immediate rental income and exciting potential for further development/conversion to a House in Multiple Occupation (HMO), subject to planning. For Investors – Rental Yield: Currently achieving Ł800 PCM, representing a gross yield of approximately 9%. – Development Potential: Possible upgrades or conversion to an HMO could increase rental income. Post-upgrade/conversion, the property would have a significantly increased refinance value. – Local Rental Market: The area is very popular among professionals and students, benefiting from its proximity to the hospital, University, Sunderland city centre and transport links. – Large rear yard with shutter: Large rear yard space offers further development potential and off road parking. Transport Links – Roads: Convenient access to the A690 (0.3 miles), leading to Durham and the A19 for Newcastle and Teesside. – Train: Sunderland train station is 1 mile away, with services to Newcastle (30 minutes) and Middlesbrough (50 minutes). – Bus Services: Local bus routes operate nearby. – Air Travel: Newcastle International Airport is 23 miles away, about a 35-minute drive. Factual Information – Tenure: Freehold – Floor Area: 1,259 ft˛ (117 m˛) – Plot Size: 0.03 acres – Council Tax Band: A (Ł1,331 estimated annual cost) – EPC Rating: current – E, potential C – Flood Risk: No river or sea risk; low surface water risk – Broadband Availability: Ultrafast broadband up to 1000 Mbps This property offers an established rental income with scope for further development. For more information or to arrange a viewing, please get in touch.

Details

Bedrooms
4

Purchase Price £
107000

ROI %
29.00

Cashflow(PCM) £
745