Summary - 60 River View, Low Street SR1 2AT
2 bed 1 bath Flat
Cash-sale two-bedroom flat near Sunderland Quayside — investor-friendly layout, notable running costs..
Two double bedrooms and open-plan living — practical tenant layout
Balcony and lift access; upper-floor apartment with city/quayside views
685 sq ft — average-sized two-bedroom city flat
Leasehold with ~103 years remaining — suitable for investment
Service charge ~£3,000 and ground rent ~£317 pa — significant running costs
Electric storage heating only — higher energy costs for tenants
Cash buyers only — no mortgage purchases accepted
Area: very high crime and very deprived — impacts demand and costs
This two-bedroom, 685 sq ft apartment in the River View development sits close to Sunderland Quayside and the city centre, making it suited to investors targeting the student or short-term let market. The flat occupies an upper floor and benefits from lift access, a balcony and an open-plan living/dining layout that helps maximise usable space for tenants.
The building is modern (constructed 2003–2006) with double glazing and an electric heating system; the property is offered for cash buyers only. Service charge and ground rent are notable ongoing costs (approx. £3,000 service charge; £317 ground rent annually), and the flat uses electric storage heaters which can be less economical than gas alternatives.
The surrounding area is classified as a cosmopolitan student neighbourhood with excellent mobile and broadband connectivity — attractive for student or young-professional renters. Be aware the local area records very high crime rates and is very deprived statistically, which could affect tenant demand and insurance or management costs.
Leasehold terms are long enough for investment (around 103 years remaining). For investors seeking a straightforward, ready-to-let apartment close to university-linked demand and city amenities, this offers a compact, contemporary option — provided the cash-purchase requirement and higher running costs fit your investment model.
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