Offers in region of
£260,000
6 bed terraced house for saleCromwell 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.
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.