Summary - 89B EDWARD BURDIS STREET SUNDERLAND SR5 2RU
2 bed 1 bath Ground Flat
High-yield freehold flat with refurbishment upside and tenant flexibility.
- Freehold two-bedroom ground-floor flat
- Currently let at £110 per week (£5,720 pa)
- Gross yield circa 12.7% at asking price £45,000
- Gas central heating and partial double glazing
- Rear yard; on-street parking only
- Conversion potential to more bedrooms (requires works/consents)
- Area very deprived with above-average crime
- Sold with or without tenant in situ
A compact two-bedroom ground-floor flat offered with immediate rental income at £110 per week (£5,720 pa). Priced at £45,000 and sold freehold, the current income gives a gross yield around 12.7%, making this a clear choice for investors seeking a high-yield let in Sunderland. The property benefits from gas central heating, partial double glazing and a rear yard.
The flat sits on a corner plot in a major conurbation location with convenient access to shops, supermarkets (Asda, Aldi), bus links and several ‘Good’ primary and secondary schools. It is currently let and can be sold with or without the tenant in situ, giving buyers flexibility to hold as an income property or to refurbish and re-let or reconfigure.
There is genuine scope to increase income or capital value through refurbishment or conversion to additional bedrooms, but that will require time, investment and any necessary consents. The property is in a very deprived area with above-average crime levels; this will affect tenant demand, management requirements and resale prospects. Buyers should budget for renovation and ongoing management costs.
Overall, this is a pragmatic purchase for an investor targeting high initial yield and refurbishment upside. Owner-occupiers or buyers seeking a low-risk neighbourhood should note the wider area classification and local issues before arranging a viewing.
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