Summary - FLAT 405, DUNN HOUSE, NORTH BRIDGE STREET SR5 1AH
1 bed 1 bath Studio
Long lease, rent-ready studio for investors seeking immediate income in a student area.
- Sold with tenant in situ for immediate rental income
- No forward chain, long lease: 237 years remaining
- Service charge approximately £3,500 per year (high for size)
- Ground rent £150 per year; leasehold tenure
- Small single-room studio with compact kitchenette and shower
- Electric room heaters and single glazing; limited energy efficiency
- Located in a very high crime, very deprived student neighbourhood
- Close to transport, shops and university student demand
A compact, city-centre studio offered with no forward chain and tenants in situ — ideal for an investor seeking immediate rental income. The studio provides a self-contained living/bedroom area, a compact kitchenette and a private shower room. The lease is long at 237 years remaining.
The building is a mid-terrace, modernist block close to Sunderland’s amenities and transport links, supporting steady tenant demand in this multicultural student neighbourhood. Electric heating, single glazing and modest internal space keep running costs predictable but limit thermal efficiency. The property benefits from a Residents' Lounge and Games Room as communal facilities.
Important cost considerations: the service charge is high for the size at around £3,500pa and ground rent is £150pa. The area records very high crime and is classed as very deprived, which affects tenant mix and long-term capital growth. The studio is best suited to investors targeting rental yield in a student/short‑term let market rather than owner-occupiers seeking space or a quiet residential setting.
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