Summary -
2a Park Terrace,SUNDERLAND,SR5 2HE
SR5 2HE
2 bed 1 bath Flat
Income-producing Sunderland property with immediate letting returns and refurbishment potential.
Two-bedroom leasehold flat with current tenant in situ
Set in an urban Sunderland street, this two-bedroom leasehold flat offers an immediate rental income and clear value-add potential. Currently let and producing a gross annual income of £5,400, it will suit investors seeking an income-producing buy-to-let with refurbishment upside.
The accommodation includes two bedrooms, lounge, kitchen and bathroom, plus a small private rear garden. Exterior and interior images suggest a mid/early 20th-century build with some dated finishes internally; some cosmetic and possibly deeper works may be required to maximise future rental value.
Practical points: parking is on-street, broadband and mobile signal are strong, and the property sits in a major conurbation close to local amenities and schools. The tenant has occupied the property for several years and intends to remain, so the sale is for an investment with an existing tenancy. Buyers should verify leasehold terms, service charges, EPC, and exact floor measurements before offer.
Notable considerations: the area records higher deprivation levels and average crime statistics, and a buyer’s premium applies to secure the sale. These are material facts for owner-occupiers; for investors they underline the importance of due diligence and realistic rental/exit assumptions.
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