Summary - ST MICHAELS APARTMENT 19 GRAY ROAD SUNDERLAND SR2 8JU
3 bed 1 bath Flat
Income-producing three-bed flat with parking — suited to serious investors.
Three-bedroom leasehold flat, 764 sq ft
Current tenants in situ, generating ~£9,000 pa gross
Private driveway (off-street) parking and communal garden
130 years remaining on the lease — long lease term
Small overall size; single three-piece bathroom only
Area classed very deprived with high local crime rates
Fast broadband and excellent mobile signal — tenant appeal
Buyer’s Premium applies; inspect Let Property Pack for details
A three-bedroom leasehold apartment on Gray Road, Sunderland, currently tenanted and producing an annual gross income of approximately £9,000. The flat sits in a modern brick building, offers private driveway (off-street) parking, and access to a communal rear garden — practical features that suit buy-to-let portfolios.
The property is small at 764 sq ft and includes a lounge, kitchen and one three-piece bathroom. The 130 years remaining on the lease is a clear positive for long-term ownership. Fast broadband and excellent mobile signal add rental appeal for working tenants.
Location is a major consideration: the SR2 area is classed as very deprived with high local crime rates and a population profile of constrained renters and migrant families. These factors mean rental demand is likely steady but rental growth and capital appreciation may be limited compared with stronger neighbourhoods. The property will attract investor and developer interest; tenants are in situ and wish to remain, so any sale will likely be as an income-producing asset.
Buyers should note practical and transaction points: the flat is small and has a single bathroom; some investors may want to inspect condition for maintenance or refurbishment needs. A Buyer’s Premium will be applied to secure the transaction — check the Let Property Pack for full investment and tenancy documentation before bidding.
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