Summary - THE MOWBRAY FLAT 12 BOROUGH ROAD SUNDERLAND SR1 1PS
1 bed 1 bath Flat
Immediate rent, long lease, high yield — investor opportunity in Sunderland.
- Long lease: 900 years
- Current tenant in place, long-term and stable
- Gross income £7,800pa; market potential c. £8,400pa
- Approx 528 sq ft; one bedroom, open-plan layout
- Cash offers only; buyer’s premium applies
- Area: very deprived with very high crime rates
- Excellent mobile and fast broadband connectivity
- Leasehold tenure; suited to single-let investment
A practical buy-to-let in central Sunderland, this one-bedroom flat offers immediate income with a long-term tenant in place. The building is modern and well-kept, the apartment open-plan and bright with a contemporary kitchen and a spacious lounge. The long lease (900 years) and strong mobile/broadband connectivity suit professional tenants and make management straightforward.
Income is already established: the property currently produces £7,800pa gross and could be re-priced to around £8,400pa at market levels. At the listed price of £65,000 this equates to an approximate current gross yield of 12% and a potential yield close to 12.9%, making it attractive for investor portfolios seeking high immediate return.
Buyers should note material considerations: the area is classified as very deprived and crime levels are very high, which can affect tenant demand and management overheads. Sale terms include cash offers only and a buyer’s premium to secure the purchase, so factor these into acquisition costs. The flat is leasehold and average-sized (c.528 sq ft), suitable as a single-let unit rather than a family home.
This is best suited to a serious investor or developer looking for a hands-off income-producing asset with scope to align rent to market. The presence of a reliable long-term tenant reduces vacancy risk, but the neighbourhood profile means active property management and sensible tenant screening will be important.
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