* Leasehold
* Close to A19 & A1
* Close to major road and rail networks
* Close to local schools and colleges
* Available immediately
The subject property is a 2 bedroom flat located in the Roker area of
Sunderland. The property is currently let at £450. 00 pcm.
The property is a great readymade investment opportunity.
Roker offers great facilities and access to local amenities. The property is
close to the coast providing an extensive list of cafés, shops, bars and
restaurants.
Roker is minute away from the City Centre which offers great facilities and is
going through extensive change and redevelopment. The City is home to
universities and colleges which provides great demand for properties in the
area.
The area also benefits from great access to major road networks and both local
and national rail services.
Sold as seen.
EPC to follow.
Sunderland - What’s going on?
Sunderland's house prices are lower compared to other northern UK buy - to - let
areas, but the increased rental demand offers higher yields for investors. The
major private and council lead developments in the inner - city area also signal
potential for significant capital appreciation in the near future. These
developments include; City Hall, Train Station Auditorium, several office
blocks, hotels, 10, 000 seater multi - purpose arena, dockland movie studio by
the Fulwell 73 Group, and many more smaller private developments.
Sunderland is viewed as a "sleeping giant" with the potential for both high
short - term yields and long - term capital growth for investors who purchase
properties now.
According to Land Registry, the average house price in the city was £137, 419
in December, outperforming the North East's 1. 5% decrease in prices (average
of £147, 000) and surpassing the national average rise of 0. 8%. In the past
year, the average sale price of properties in Sunderland rose by £16, 000.