Studio for sale

All Saints House, Portobello Lane, Sunderland SR6

Description

All Saints - Modern Purpose Built Student Accommodation in Sunderland. An opportunity not to be missed.

Located on Portobello Lane and just 4 minutes from the Stadium of Light Metro.

Located 0.5 miles from the University of Sunderland's St Peter's Campus and just over 1 mile reach of the University's City Campus, this is an appealing block for students and therefore investors. All Saints House accommodation puts you right in the heart of Sunderland's educational hub.

All Saints House, Portobello Lane, Sunderland SR6 0DN is a self contained studio flat currently tenanted for the 2025/26 academic year.

Key features include
- 100% Studio Development: Unlike traditional cluster flats, all 90 units are self-contained. This "luxury" format is in higher demand post-pandemic and commands higher rental premiums.
- Strategic Proximity: Located 0.7 miles from the City Centre and a 10-minute walk from the Sir Tom Cowie Campus (St Peter's). The university's recent £50m+ investment into this campus ensures long-term tenant demand.
- High Occupancy History: Historically, the building has maintained near 100% occupancy during term time, driven by its proximity to the Stadium of Light Metro and local amenities like Tesco Extra.
- Value-Add Amenities: The inclusion of an on-site gym, communal lounge, and outdoor patio allows the building to compete with newer, more expensive developments while maintaining lower entry costs for investors.
- With excellent public transport links, including nearby bus services and the Metro, getting around Sunderland is simple

Sunderland has a growing student market with a lot of demand and hence this is a great time to invest. In wider Sunderland there is significant investment in the city centre regeneration (specifically the Riverside Sunderland project), digital connectivity (pursuing a "Smart City" program) and infrastructure development.

This is instantly income generating. The following numbers are an indication only based off similar studios in the block.
- Net rental after management fee: C.£6,900
- Service Charge and ground rent: C.£3,600
- Net yield at £32k purchase price: 10.3% (£3,300)
- 250 year lease, with c.240 years remaining
Disclaimer

While we aim for maximum accuracy and completeness in all descriptions, distances, and floorplans, these figures are strictly approximate. Prospective purchasers are required to conduct a full and independent inspection of the property and its surrounding area. This information is given in good faith but must not be relied upon for the purpose of purchasing. The buyer's legal representative is solely responsible for legally verifying all information during the purchase process.

Tenure: Leasehold (250 years)