Summary - Apartment 410 Horizon House, Borough Road, SUNDERLAND SR1 1HS
1 bed 1 bath Flat
Low-price tenanted unit with long lease and immediate rental income.
City-centre studio with kitchenette and separate shower room
A compact one-bedroom studio in Horizon House, offered with an existing tenancy and long lease. The apartment sits in a city-centre location close to shops, transport links and local amenities, making it straightforward to re-let or retain the current tenant.
The property is sold at online auction on 4th December 2025. It is currently rented at £415 pcm, producing a significant gross return against the guide price — attractive for cash buyers and investors prepared to manage a tenanted unit. Lease length is strong at 244 years, with predictable annual charges: service charge £1,860 and ground rent £180.
The building is a mid-20th-century high-rise with mixed-use potential but will need refurbishment and modernisation to maximise value. Broadband speeds are slow and the wider area records high crime and very high deprivation, which affects tenant profile and resale prospects. Buyers should review the legal pack and tenancy details before bidding.
This is a clear investment play: low entry price, immediate rental income and long lease, coupled with maintenance and area-related risk. Suitable for investors comfortable buying at auction and budgeting for refurbishment and management in a challenging local market.
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