Summary - 18 AZALEA TERRACE NORTH SUNDERLAND SR2 7ES
6 bed 5 bath End of Terrace
Freehold multi-unit investment with strong headline income and refurbishment potential.
Five self-contained flats, all currently let producing £3,250 pcm (£39,000 pa)
A period end-terrace converted into five self-contained flats, currently let and producing £3,250 pcm (£39,000 pa). The block sits on a fringe-of-centre street in a cosmopolitan student and professional neighbourhood, offering proven rental income and straightforward management for a buy-to-let investor.
The building retains Victorian character externally with bay windows and tall ceilings, while interiors vary between modern studio fittings and older finishes. One flat is being refurbished by the vendor and others show typical wear; the property will require ongoing maintenance and periodic upgrades to sustain rents and EPC performance.
Sale is by auction with a 28-day completion timetable. Buyers should note immediate exchange, a 5% (min £4,000) non-refundable deposit on exchange, and an additional non-refundable reservation fee of 2.5% + VAT payable outside the purchase price. Tenancies and rent levels were supplied by the landlord; purchasers must verify details independently.
This lot suits investors seeking a high-yield, multi-unit freehold with short-term hands-on management potential. The location benefits from good transport, strong local rental demand from students and professionals, but the wider area is deprived and records very high crime — factor in tenant screening and security improvements when budgeting.
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