South Terrace, Sunderland
Edward Mellor house SOLD

South Terrace, Sunderland, SR5

£58,000 Score 1.0/10

Description

Established residential location in Southwick

An excellent opportunity to acquire a tenanted two-bedroom mid-terrace property, situated within the established residential area of Southwick, Sunderland, currently generating an income of £675 per calendar month (£8,100 per annum).

The property will appeal to buy-to-let investors seeking a straightforward income-producing asset, with a sitting tenant already in place.

The accommodation comprises an entrance vestibule, living room, kitchen/diner, utility room and ground-floor bathroom. To the first floor are two double bedrooms. Externally, the property benefits from an enclosed rear yard.

Southwick is located to the north of Sunderland city centre and offers a range of local amenities, including shops, supermarkets, schools and recreational facilities. The area is well connected by regular bus services and convenient road links towards Sunderland city centre, the A19 and the wider regional road network.

The property will appeal to investors looking to add a ready-made rental property to an existing portfolio, or those seeking an entry-level buy-to-let opportunity.

Please note: Internal photographs have been supplied by the client. Edward Mellor has not inspected the property and cannot verify its current condition. Prospective purchasers must rely on their own inspections and enquiries before bidding.

Opportunities

  • Est. 13.1% yield
  • Freehold
  • 14.0% GIY
  • Producing £8,100 pa

Risks

  • Sitting tenant

Lot details

  • 2 bedroom

Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.