Summary - FIRST FLOOR FLAT 8, ALL SAINTS HOUSE BLOCK C, PORTOBELLO LANE SR6 0DN
1 bed 1 bath Studio
Ready-let studio near university with immediate income potential.
- Fully furnished studio with kitchenette and en-suite
A compact, purpose-built studio in the All Saints House student development, offered as a hands-off investment with an existing tenancy until 2026. The studio comes fully furnished with a personal kitchenette and en-suite — set up for immediate rental income and marketed with a reported net yield around 8%.
This property is best suited to cash investors targeting student accommodation close to the city and university (about 1 mile to the University of Sunderland). Onsite communal areas, supplied Wi‑Fi and off-street parking add convenience for tenants and support sustained demand from the local student population.
Buyers should note important limitations and running costs: the building is electrically heated with room heaters (no communal gas), broadband speeds are slow, and glazing dates from before 2002. The property cannot be mortgaged due to lease/size restrictions for purpose-built student accommodation — cash buyers only. Crime levels in the area are above average, which may affect future letting sentiment and insurance costs.
Overall this is a ready-made, low-management student investment that delivers immediate income but requires a buyer comfortable with the cash-only purchase route and with awareness of electric heating, broadband limitations, and local crime statistics. Tenancy security and furnished condition reduce void risk, while refurbishment or service upgrades could improve longer-term returns.
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