Back to search results
  1. Property photo 1 of 13
  2. Property photo 2 of 13
  3. Property photo 3 of 13

Fixed price

£99,500

(£207/sq. ft)

1 bed flat for sale
Parsons Road, Washington NE37

    • 1 bed

    • 1 bath

    • 1 reception

    • 481 sq. ft

New home
Leasehold
Added on 25/11/2024

About this property

  • On street/residents parking

  • 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

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

Completed & income producing | high-yield buy-to-let opportunity

Parsons House offers a rare opportunity to acquire ready-built, income-generating apartments in the fast-growing town of Washington, Sunderland. With units currently tenanted and producing immediate rental income, this is an ideal high-yield investment for landlords and portfolio builders.

Set in an area undergoing rapid regeneration, Parsons House is well-positioned near major employers including Nissan (UK's largest automotive plant), Amazon, Rolls-Royce, asda, and BAE Systems-ensuring strong rental demand from professionals.

Each of the 40 apartments has been completed to a high specification with modern fixtures and fittings, appealing to quality tenants. Properties are available below market value, providing investors with built-in equity and strong capital growth prospects.

With a chronic undersupply of high-quality rental accommodation in the region, Parsons House is not just another buy-to-let-it's a strategic foothold in one of the North East's most promising property markets.

Key Highlights:
Completed & tenanted units

immediate rental income

high yields & below market value


Modern, fully fitted apartments

Strong tenant demand - Close to Nissan, Amazon, asda, and more

Ideal for portfolio investors

Mortgage calculator

Monthly repayment

£497 per month

Whole of market comparison

70+ lenders and 10,000+ products

How much could I borrow

In partnership with

mojo logo

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

    Ask agent

  • Ground rent

    Ask agent

  • Ground rent date of next review

    Ask agent

Report this listing

Opulent Invest

View agent properties
Email agent