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Fixed price

£80,000

(£165/sq. ft)

Studio for sale
Parsons Road, Washington NE37

    • 1 bath

    • 486 sq. ft

New home
Leasehold
Added on 25/11/2024

About this property

  • On street/residents parking

  • Central heating

  • Double glazing

  • 20% Below Market Value

  • Completed, Ready to Occupy

  • 999-year leasehold, offering long-term security

  • Up to 7% Net on AST and 11% Net with Short-term Lets

  • Close to major employers, including Nissan, the UK’s largest car manufacturing p

  • Premium flooring, white goods, and high-quality finishes

Welcome to Parsons House, a development of 40 contemporary apartments located in the up-and-coming town of Washington, Sunderland. Situated in a thriving area of growth and regeneration, this development is perfectly positioned to cater to the growing demand for high-quality homes, especially among young professionals working in the area’s booming commercial sector. Key employers nearby include the renowned Nissan plant-the UK’s largest automotive manufacturing facility-as well as asda, Rolls Royce, Amazon and BAE systems to name just a few.

For investors, Parsons House presents an exceptional opportunity with apartments available below market value. Built to an impeccable standard, each unit boasts high-end fixtures and fittings, ensuring both quality and appeal.

With a significant shortage of modern, well-built housing in the area, the development is poised for strong rental returns and long-term growth potential. Parsons House isn’t just an investment-it’s your gateway to one of the most promising property markets in the North East.

Mortgage calculator

Monthly repayment

£400 per month

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The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.

More information

  • Tenure

    Leasehold (999 years)

  • Service charge

    £2 per month

  • Council tax band

  • Ground rent

  • Ground rent date of next review

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