Vacant one-bed with parking and strong rental potential after refurbishment.
Large one-bedroom basement flat in prestigious Ashbrooke location
This one-bedroom basement flat sits in Ashbrooke, a desirable, very affluent Sunderland neighbourhood known for period homes and steady rental demand. The property is vacant and offered with a long lease of 960 years, making it suitable for investors seeking a near-freehold lease profile and straightforward possession for refurbishment and re-letting.
The accommodation has good proportions and traditional features — high ceilings and bay-window character in the building — but the flat needs renovation throughout. Expect work to modernise the kitchen and bathroom, update heating controls, and address likely insulation and damp-proofing improvements typical of solid-brick, pre-1900 construction. These are material considerations that will affect budget and timing.
Practical positives include a private rear yard with off-street parking accessed by a roller-shutter door, double glazing already installed (unknown date), mains gas central heating, fast broadband availability, and very low local crime. The flat is sold at auction by the modern method of auction; terms, conditions and fees apply — purchasers should allow for these when budgeting.
For investors, the combination of location, long lease, vacant possession and off-street parking creates clear potential after refurbishment. For buyers preparing to renovate, factor in upgrade costs for insulation, modern finishes and any damp mitigation in a basement setting. The property is best suited to those ready to manage a refurbishment project and navigate auction purchase conditions.
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