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Sold STC
Freehold

Offers in region of

£260,000

6 bed terraced house for sale

Cromwell Street, Millfield, Sunderland SR4
6 beds
2 baths
2 receptions
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Offers in region of

£260,000

6 bed terraced house for sale
Cromwell Street, Millfield, Sunderland SR4

    • 6 beds

    • 2 baths

    • 2 receptions

  • EPC Rating: E

Sold STC
Freehold

About this property

  • Former HMO

  • 6 Bedrooms

  • Purchase Price £130,000

  • Estimated Refurb £30,000

  • Gross Yield 18%

  • Annually Rent £28,800

  • End Value £240,000

Ready Made HMO Investment Opportunity

Cromwell Street, Millfield, Sunderland, this terraced house is a gem waiting to be discovered. Boasting 2 reception rooms and 6 bedrooms spread across its well-designed layout, this property offers ample space for comfortable living.

With 2 bathrooms to cater to the needs of its occupants, this fully refurbished and operational 6 Bedroom HMO is a lucrative investment opportunity. Each room is to be let at conservative rent of £450 per calendar month, resulting in a substantial gross rental income of £32,400 per annum. This impressive income equates to a gross 12.5% yield, making it a financially rewarding venture for any prospective buyer.

The property's prime location is a standout feature, being conveniently situated near Sunderland University and the Royal General Hospital. This proximity ensures a constant demand for tenants, making it an attractive option for those looking to invest in the rental market.

Bedroom (4.16m x 3.42m (13'8" x 11'3"))

Door to:

Bedroom (4.22m x 2.05m (13'10" x 6'9"))

Door to:

Bedroom (4.14m x 2.91m (13'7" x 9'7"))

Living Room (4.20m x 3.68m (13'9" x 12'1"))

Door to:

Breakfast Room (3.45m x 1.78m (11'4" x 5'10"))

Door to:

Kitchen (2.72m x 3.68m (8'11" x 12'1"))

Hall

Storage cupboard, stairs, door to:

Bathroom

Door to:

Shower Room

Door.

Bedroom (2.44m x 2.81m (8'0" x 9'3"))

Door to:

Bedroom (2.73m x 2.81m (8'11" x 9'3"))

Door to:

Bedroom (2.00m x 3.68m (6'7" x 12'1"))

Door.

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Propertunity North East Ltd

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