Summary - FLAT 4, 4 ARGYLE SQUARE, SUNDERLAND, SUNDERLAND SR2 7BS
7 bed 4 bath Terraced
Immediate income with refurbishment potential near Sunderland city centre.
Fully let five self-contained flats producing £3,350 pcm (£40,200 pa)
A fully let, five‑flat Victorian terrace on Argyle Square offering immediate rental income and clear upside for an investor. The building produces £3,350 pcm (£40,200 pa) against a guide price of £360,000, delivering a gross yield of approximately 11.2% before costs. Flats are compact, practical and let, making this a hands‑off income purchase from day one.
The property is freehold, located close to Sunderland city centre with good transport links and local amenities. Accommodation is arranged as five self‑contained flats across a period three‑storey terrace, with a front forecourt and rear yard. EPCs are mainly D with one C — a modest energy profile that may limit appeal to some tenants without improvements.
The building dates from before 1900 with solid brick walls (no cavity insulation assumed) and period features such as bay windows and high ceilings. There is clear scope for targeted refurbishment or energy upgrades to improve rents and reduce voids, but the property will require modernization and ongoing maintenance. The area is classed as deprived with very high local crime rates — factors to consider for insurance, management and prospective tenant mix.
This lot will be sold at auction with immediate exchange and a 28‑day completion period. Buyers should review the legal pack carefully: a non‑refundable 5% deposit (minimum £4,000) is payable on exchange and a reservation fee of 2.5% + VAT (minimum £3,600 inc VAT) applies. Viewing is advised and tenancy documents are available on request.
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