Summary - Apartment 23, Kensington House 12-14, Gray Road SR2 8HW
2 bed 1 bath Apartment
**Key Features:**
- **Investment Opportunity**: Currently tenanted, generating £545 per month.
- **Ideal Location**: Excellent transport links and proximity to local amenities including schools and shops.
- **Property Details**: 2-bedroom, 1-bathroom ground floor flat in a contemporary apartment block.
- **Leasehold**: 139 years remaining on the lease with low ground rent (£150) and a reasonable service charge (£1,255).
- **Current Condition**: Needs potential minor upkeep; enjoys double glazing and cavity wall insulation.
- **High Demand Area**: Anticipated interest due to location and rent yield.
Step into this appealing ground floor apartment on Gray Road, perfect for first-time investors or buyers seeking rental income. With a solid tenant in place, this well-sized 2-bedroom, 1-bathroom flat comes equipped with modern features like a spacious living area and ample natural light. The residence offers excellent transport connections, making it easy to navigate Sunderland and access local amenities, including highly-rated schools.
Despite the property being situated in a major conurbation with a somewhat high crime rate, it presents a unique investment opportunity with the potential for future renovations or enhancements. With a competitive asking price of just £65,000, properties like this don’t stay on the market for long. Seize the opportunity to own a strategic asset in a constrained renters' market today!
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