Studio for sale
Key information
Features and description
- Tenure: Leasehold (999 years remaining)
- 20% Below Market Value Apartment
- Completed, Ready to Occupy
- 999-year leasehold, offering long-term security
- Up to 7% Net on AST and 11% Net with Short-term Lets
- Close to major employers, including Nissan, the UK’s largest car manufacturing
- Premium flooring, white goods, and high-quality finishes
Welcome to Parsons House, a development of 40 contemporary apartments located in the up-and-coming town of Washington, Sunderland. Situated in a thriving area of growth and regeneration, this development is perfectly positioned to cater to the growing demand for high-quality homes, especially among young professionals working in the area’s booming commercial sector. Key employers nearby include the renowned Nissan plant—the UK’s largest automotive manufacturing facility—as well as ASDA, Rolls Royce, Amazon and BAE systems to name just a few.
For investors, Parsons House presents an exceptional opportunity with apartments available below market value. Built to an impeccable standard, each unit boasts high-end fixtures and fittings, ensuring both quality and appeal.
With a significant shortage of modern, well-built housing in the area, the development is poised for strong rental returns and long-term growth potential. Parsons House isn’t just an investment—it’s your gateway to one of the most promising property markets in the North East.
About this developer
