Affordable auction opportunity for investors or first-time buyers near university and transport.
- Approx. 570 sq ft one-bedroom apartment, open-plan living
- Victorian building with high ceilings and period character
- Estimated rent £500–£600 pcm (subject to demand)
- Leasehold; sale by auction — read legal pack before bidding
- Administration fee £3,600 payable on exchange
- Heating: electric storage heaters; higher running costs likely
- Very high local crime rate and very deprived area
- Very slow broadband; double glazing installed pre-2002
A centrally located one-bedroom apartment in Sunderland city centre, offered for sale by auction, presents clear rental and entry-level purchase potential. Set above commercial premises on High Street West, the flat occupies approximately 53 m² (570 sq ft) in a Victorian mid-terrace building with high ceilings and arched windows that contribute period character. The open-plan living/kitchen, double bedroom and bathroom make a straightforward layout for single professionals or students.
The property is well positioned for rental demand: walking distance to Sunderland train station, The Bridges shopping centre and the University of Sunderland. Estimated rental income is in the region of £500–£600 pcm (subject to market conditions and any refurbishment). The apartment already benefits from double glazing (fitted before 2002) and an EPC C, which supports lettability without immediate major upgrades.
Important practical points and costs are plain. Tenure is leasehold and the sale is by auction — bidding registration and the legal pack should be reviewed before committing. An administration fee of £3,600 (inc VAT) is payable on exchange; additional disbursements may apply on completion. Heating is by electric storage heaters and walls are solid brick with no assumed insulation, which will affect running costs and may limit energy-efficiency improvements unless structural work is undertaken.
Local context is mixed: excellent mobile signal and a busy city-centre amenity mix improve tenant appeal, but the area is recorded as very deprived with very high crime and very slow broadband speeds — factors to factor into rental projections and tenancy profiles. For investors or first-time buyers prepared to manage a city-centre let or undertake modest upgrades, this is a competitively priced entry opportunity at auction.
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