Summary - Apartment 202 Horizon House, Borough Road, SUNDERLAND SR1 1HR
1 bed 1 bath Flat
High-yield leasehold lot with communal amenities, aimed at experienced auction investors..
- Long lease: 245 years remaining
- Currently let at £500 pcm (rented income)
- Service charge approximately £2,080 per year
- Ground rent approximately £150 per year
- City-centre location near shops and transport
- Very high local crime; area classed as very deprived
- Slow broadband speeds, may affect some tenants
- Sold at online auction on 19 November 2025
A compact leasehold studio apartment in Horizon House, offered at auction with vacant-possession or investment potential. The flat is currently let for £500 pcm (£6,000pa), giving a very high gross return against the guide price — prospective buyers should check net yield after service charge and fees.
The building provides communal amenities including a café, gym and cinema room, helpful for tenant attraction in a city-centre location. The apartment is open-plan with a kitchenette and separate shower room, suitable for single occupants or short-term lets where permitted by lease and local rules.
Buyers must factor in material negatives: the neighbourhood records very high crime and sits in a very deprived area; broadband speeds are slow; annual service charge (£2,080) and ground rent (£150) apply and will reduce net income. The property sells by online auction (19 November 2025) and interested parties should download the legal pack and review tenancy details and building documentation prior to bidding.
This lot will suit an experienced auction investor or buyer seeking an affordable city-centre entry point with long lease security. It requires no immediate major lease concerns (245 years remaining) but is best considered as a higher-risk, yield-focused purchase rather than a low-maintenance home in a quiet neighbourhood.
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