Summary -
Apartment 109 Horizon House,Borough Road,SUNDERLAND,SR1 1HR
SR1 1HS
1 bed 1 bath Flat
Ready-made let investment close to university and city amenities.
- One-bedroom flat with en-suite shower room and open-plan lounge/kitchen
- Currently tenanted — immediate rental income potential
- Long lease: approximately 244 years remaining
- Service charge circa £2,760 per year; ground rent £180 per year
- Sold at online auction — check legal pack and register to bid
- Located close to University, transport links, shops and city centre
- Small apartment; may require cosmetic works and added heating
- Local area: very high crime rate and very deprived; slow broadband
A compact one-bedroom leasehold apartment in Horizon House, positioned on Borough Road close to Sunderland city centre and the University of Sunderland. The flat comprises an open-plan lounge/kitchen, one bedroom and an en-suite shower room — currently let, offering immediate rental income for a purchaser seeking a buy-to-let opportunity.
Practical details support an investor purchase: approximately 244 years remain on the lease, service charge circa £2,760 per year (£230 pcm) and ground rent about £180 per year (£15 pcm). The property will be sold at online auction — prospective buyers should review the legal pack and register before the auction date.
Buyers should note material negatives plainly. The area is classified as very deprived with a very high local crime rate; the building sits in a cosmopolitan, student-oriented neighbourhood which can affect long-term tenant mix and yield. Broadband speeds are reported as slow and the apartment is compact, needing interior warmth or cosmetic updating to maximise appeal.
This is best suited to investors or buyers targeting the student/professional rental market who value central location and immediate let status. Inspect the legal pack and tenancy details, and factor in the annual service charge and area considerations when judging projected returns.
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