£95,000

Added yesterday

1 bedroom apartment for sale

Plot PH2 at Opulent Investments, 1, Parsons Road NE37

New build

Added yesterday

01753 903938

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Apartment

1 bed

1 bath

EPC rating: D*

481 sq ft / 45 sq m

Key information

Tenure: Leasehold | 999 yrs left

Service charge: £1.89 per annum

Council tax: Ask agent

Broadband: Ultra-fast 1000Mbps *

Mobile signal:

EE O2 Three Vodafone

Water: Ask agent

Heating: Ask agent

Electricity: Ask agent

Sewerage: Ask agent

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Property description & features

Tenure: Leasehold (999 years remaining)
20% Below Market Value
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.

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Places of interest

Opulent Investments - Opulent Investments

2 The Future Works Slough SL1 1FQ

01753 903938

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At Opulent, we believe there is better way to invest in to property. A more secure, transparent and rewarding way, where customers are earned rather than bought. We are obsessively passionate about it and dedicated to helping our investors achieve this. The owners of Opulent created the company with this thought very much instilled within their DNA. Too many times they had come across poorly researched property investments, developers who were more interested in lining their pockets rather than creating wealth for investors, and incidents where investors have been misled or defrauded. So in 2014 we decided to embark on putting this right! Opulent was born! Here at Opulent we work with developers right from the stage of conception and help shape property investment opportunities to meet the increasing demands of modern day investors. Our goal is to create wealth and long term financial security for our investors and do so in a transparent and ethical manner by providing investors with well researched property investment opportunities built by developers who deliver and have unblemished track records. With Opulent the buck stops here. We understand the investor of today is busy, which is why create opportunities that are fully managed, turnkey and require very minimal input from the investor. Our aftersales team will help guide investors through their property investment purchases and take on the majority of the administration burden that comes with it. Whether it be the tedious paperwork with solicitors, furnishing the property or even renting it out, we help you do it all. If you are somebody looking to fund your retirement, trying to create a nest egg to put your children through University or even an experienced property investor looking to expand or contract their portfolio, get in touch with us to see how we can make property investment more enjoyable and more rewarding.

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*DISCLAIMER

Property reference PH2. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Opulent Investments - Opulent Investments.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed: obtained from Ofcom on November 13, 2024

Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s

The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

Mobile phone signal availability and predicted strength: obtained from Ofcom on November 13, 2024

Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

Energy Performance data and Internal floor area: obtained on November 18, 2022 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

*Call rate information

Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.