Immediate income-producing freehold near Sunderland city centre and transport links.
Five self-contained flats, fully let producing £3,225 pcm (£38,700 pa)
A substantial three-storey Victorian terrace converted into five self-contained flats, fully let and producing £38,700 per annum. Its location on Argyle Square places tenants a short walk from Sunderland city centre, university, hospital and major transport links, supporting consistent rental demand.
The building offers period character (bay windows, high ceilings) and workable flat layouts suitable for single tenants or sharers. The communal entrance houses two wall-mounted gas boilers; each flat has basic fitted kitchens and bathrooms. EPC ratings range D–C across units.
This is a cashflow-led purchase for an investor seeking an income-producing freehold with immediate returns. The property sits in a deprived area with very high local crime statistics, which may affect capital growth and lettings quality. Some cosmetic updating and periodic maintenance will protect rental value and EPC performance.
Buyers should verify current tenancy documentation and rent rolls; listed rents were provided by the landlord and can change. The property includes a front forecourt and rear yard, and offers straightforward management potential for a small portfolio landlord.
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