Summary - Flat 3, 5 Azalea Terrace North SR2 7ES
5 bed 4 bath Terraced
Fully let freehold with immediate rental return in central Sunderland.
- Four self-contained flats producing £2,675 pcm (£32,100 pa)
- Fully let at time of listing; immediate income
- Period Victorian mid-terrace with double glazing
- EPCs: three D ratings, one C rating
- Solid brick walls; no assumed cavity insulation
- Small plot with front forecourt, rear yard
- Local area: student/professional mix, high crime, deprived
- Council Tax bands low; manageable running costs
An established mid-terrace property converted into four self-contained flats, currently fully let and producing £2,675 pcm (£32,100 pa). The building retains Victorian character externally and benefits from double glazing and gas central heating throughout, making it straightforward to manage as a multi-let asset.
Income visibility is strong: landlord-advised rents are provided for each flat and the current yield is supported by low council tax bands. The property includes a small front forecourt and a rear yard, offering basic external amenity for tenants and simple service access.
Buyers should note material considerations: the EPCs are mostly D (one C) and walls are solid brick with no assumed cavity insulation. The local area is classified as a cosmopolitan student neighbourhood with high crime levels and overall area deprivation, which will influence tenant mix, void risk and management overheads. Prospective purchasers should verify tenancy documentation and carry out their own checks on rents, service charges and compliance items.
This is a practical investment for a buyer seeking immediate income from a compact, low-maintenance freehold in a well-connected part of Sunderland. The property offers potential to stabilise rents, carry out efficiency improvements and add value through targeted works, but it is best suited to investors comfortable with urban, student-professional lettings and active asset management.
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