* Leasehold
The subject property is a 2 bedroom apartment located in Sunderland City
Centre. The property is currently let at £460. 00 pcm.
The property would make a lovely home or great readymade investment
opportunity.
Sunderland City Centre has an extensive choice of shops, bars and restaurants
and benefits from great access to major road networks and both local and
national rail services.
Available immediately. Sold as seen.
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.

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