Studio for sale

Dunn House, - North Bridge Street, Sunderland SR5

Description

Located c.0.75 miles from the University of Sunderland's St Peter's Campus and within 1 mile reach of the University's City Campus, this is an appealing block for students and therefore investors.

Unit 404 Dunn House 50-56, North Bridge Street, Sunderland, SR5 1AH is a self contained studio flat currently tenanted for the 2025/26 academic year.

Key features include
- Self-contained studio fully furnished and includes a bed, study space, kitchen, and private toilet/shower room
- Excellent access to nearby shops and restaurants.
- A stones throw away from the Stadium of Light
- 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 within the block.
- Rental: £6,480
- Service Charge: £3,496
- Ground rent: £150
- Indicative net yield at £20k purchase price: 10.9% (after allowing for management fee on rental)
- Original leases 250 years, c.230 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)
Ground Rent: £150 per year
Service Charge: £3,496 per year