4 bedroom terraced house for sale
Key information
Property description & features
- 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
Overview
A four-bedroom terraced property offering 1,259 ft² of internal living space, currently let at £800 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 £800 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 ft² (117 m²)
- Plot Size: 0.03 acres
- Council Tax Band: A (£1,331 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.
Council Tax Band: A
Tenure: Freehold
Places of interest
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Property reference 12562247. 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 Rent North East - Gateshead.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on December 16, 2021
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 January 31, 2022
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 12, 2013 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.
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