Summary - West Wear Street, Sunderland SR1 1XH
2 bed 2 bath Flat
High-yield central flat with immediate rental demand.
Two double bedrooms and two bathrooms, including en-suite
Riverside views from a third-floor position with lift access
Leasehold with c.103 years remaining, EPC C (80)
Service charge high (annualised c. £4,900); ground rent c. £250 p.a.
Cladding remediation currently underway; may limit mortgage availability
Local area: very high crime and very deprived — affects appeal
Electric room heaters; double glazing (install date unknown)
Bedroom shows damp/mould; requires remediation before letting
Set on West Wear Street in the Echo Building, this third-floor flat offers a compact riverside living experience ideal for investors or sharers. The apartment has two double bedrooms, two bathrooms (one en-suite), an open-plan living/kitchen and a layout suited to letting or lock-up-and-leave city living. Large windows provide river views and good natural light.
The building benefits from lifts, off-street parking provision (subject to lease/management confirmation) and an EPC C (80). The lease has c.103 years remaining and the property is being sold at a low entry price, reflecting clear rental potential in the city-centre student and letting market. Broadband and mobile signal are strong, supporting lettings and modern living.
Buyers should note several material points: service charges are above average (annualised c. £4,900) and ground rent is payable (£250 p.a.). Cladding remediation works are in progress under the landlord’s programme; this may affect mortgage availability during works, so mainstream lending could be constrained. The local area records very high crime levels and is classified as very deprived, which will affect resident appeal and insurance/lending considerations.
The apartment has electric room heaters rather than a communal gas system and double glazing of unknown installation date. The main bedroom shows signs of damp/mould and clutter in images; this will need remediation before re-letting or long-term occupation. Overall this is a practical, income-focused purchase with clear upside for cash buyers or investors prepared to manage building works and post-purchase minor repairs.
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