Summary - 70 River View, Low Street, SUNDERLAND SR1 2AT
2 bed 1 bath Flat
Affordable city-centre investment with immediate rental income and a long lease.
- Two bedrooms and balcony with riverside development location
- 645 sq ft; multi-story layout with lounge/diner
- Currently tenanted at £650 PCM; immediate income
- Leasehold with approximately 104 years remaining
- Service charge £3,253 pa and ground rent £317 pa
- Sold at online auction; legal pack must be reviewed
- Very high local crime and very deprived area classification
- Close to University, transport links, shops and coastal attractions
A purpose-built flat positioned within a modern riverside development close to Sunderland city centre and the university. The apartment offers a lounge/diner with balcony access, a fitted kitchen, two bedrooms and a bathroom across 645 sq ft, backed by a long lease of approximately 104 years.
Currently let at £650 pcm, the property provides immediate rental income and suits buy-to-let investors or investor-occupiers seeking a city-centre holding. Fast broadband and excellent mobile signal support lettings to students or young professionals, and nearby transport links and local amenities add practical appeal.
Buyers should note material costs: a high annual service charge (£3,253) and ground rent (£317) alongside the leasehold tenure and auction sale format. The neighbourhood is classified as very deprived with very high recorded crime rates; these factors affect rental demand, tenant mix and resale. The property is sold as seen and will be offered at online auction, so review the legal pack and planned viewings before bidding.
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