Offers in region of
£30,000
Studio for saleBorough Road, Sunderland SR1
1 bath
1 reception
Just added
Leasehold
About this property
Located in the heart of Sunderland, this investment portfolio offers a collection of fifteen fully-furnished, self-contained studio apartments in the same apartment building. Situated in Horizon Apartments on Borough Road, the block is close to Sunderland’s city centre and local shops, cafés, restaurants, and essential amenities.
This development is perfectly positioned for transport connections, with Sunderland Station, Park Lane Station, and Metro links within easy walking distance. This makes commuting to the University of Sunderland, city businesses, or the wider Tyne and Wear region exceptionally convenient.
Residents benefit from the on-site laundry rooms, on-street and rear parking options, secure entry, and 27/7 on site reception complete the package.
The apartments are currently generating strong rental yields, with the majority already let to professionals and students at £550 to £600pcm, offering a potential gross income of up to £103,500 per annum across the portfolio (£6900 per flat).
Tenure: Leasehold of 250 years remaining as of 16 May 2025
Service charge: Averaging £1619 per annum to be paid quarterly
Council tax band: A
Arrange a viewing today to appreciate the full scale and potential of this investment in Sunderland’s city centre.
This development is perfectly positioned for transport connections, with Sunderland Station, Park Lane Station, and Metro links within easy walking distance. This makes commuting to the University of Sunderland, city businesses, or the wider Tyne and Wear region exceptionally convenient.
Residents benefit from the on-site laundry rooms, on-street and rear parking options, secure entry, and 27/7 on site reception complete the package.
The apartments are currently generating strong rental yields, with the majority already let to professionals and students at £550 to £600pcm, offering a potential gross income of up to £103,500 per annum across the portfolio (£6900 per flat).
Tenure: Leasehold of 250 years remaining as of 16 May 2025
Service charge: Averaging £1619 per annum to be paid quarterly
Council tax band: A
Arrange a viewing today to appreciate the full scale and potential of this investment in Sunderland’s city centre.
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Monthly repayment
£150 per month
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More information
Tenure
Leasehold (250 years)
Service charge
£1,619 per quarter
Council tax band
A
Ground rent
Ground rent date of next review
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