Summary - 87 River View, Low Street SR1 2AT
2 bed 1 bath Apartment
Immediate rental income with tenant in situ and allocated parking.
Top-floor (5th) apartment with panoramic River Wear views
Presented for sale at auction, this two-bedroom riverside apartment offers immediate rental income with a 12-month tenancy in place at £695 pcm from 15/11/2024. Set on the top (5th) floor of a modern block built 2003–2006, the property benefits from lift access, double glazing, and balconies to both front and rear that capture panoramic views across the River Wear.
Internally the apartment has two double bedrooms, an L-shaped living room, separate kitchen and a bathroom across approximately 819 sq ft. The property is furnished and equipped with kitchen appliances, satellite TV and electric night storage heating — practical features for tenant occupation, though electric storage heating can be more expensive than gas alternatives.
Key investor advantages are the current rental stream, allocated off-street parking, good transport and digital connectivity, and proximity to the quayside and city centre. It’s a compact, well-presented unit that will appeal to lettings for professionals or students given the local neighbourhood profile.
Material considerations: the sale is by auction and the tenure is leasehold. The area is classified as very deprived with very high local crime rates — factors that affect rental demand, management and insurance. Buyers should verify lease terms, service charges, and study long-term heating costs and building maintenance commitments before bidding.
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