Summary - FLAT 12, 32 NILE STREET, SUNDERLAND SR1 1EY
1 bed 1 bath Apartment
Immediate rental income from a centrally located, investor-focused apartment.
Tenanted investment producing £538 pcm
Asking price £35,000 — strong gross yield (~18% pa)
Leasehold with 109 years remaining
Secure fob entry, lift access and double glazing
Annual service charge c. £1,579; ground rent £450 pa
Area classified very deprived; crime rate very high
Sold at auction via secure online bidding — buyer fees apply
Heating records conflict (gas listed vs electric room heaters) — verify
A compact, city-centre one-bedroom apartment offered with a sitting tenant and immediate rental income. At £35,000 with a current rent of £538pcm, the property presents strong gross yield potential for a cash buyer looking for an income-producing asset in Sunderland.
The building provides secure fob entry, lift access and contemporary finishes including double glazing and fitted kitchen appliances. The apartment comprises an open-plan living/kitchen, double bedroom and shower bathroom. The lease has 109 years remaining, and the flat is sold leasehold at auction via secure online bidding.
Buyers should note material running costs: an average annual service charge of £1,579 and ground rent of £450. Records here conflict on heating type (advertised as gas central heating yet main heating listed as electric room heaters); purchasers should verify heating infrastructure and energy costs. The area is classified as very deprived with very high recorded crime — important for residential prospects and management considerations.
This is aimed at investors seeking immediate income and high yield rather than owner-occupiers seeking low-crime family neighbourhoods. The property’s central location offers transport links and city amenities close by, but expect management oversight, potentially higher tenant turnover and service-charge obligations.
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