Summary -
Apartment 103 Horizon House,Borough Road,SUNDERLAND,SR1 1HR
SR1 1HR
1 bed 1 bath Studio
Immediate rental income and strong headline yield for portfolio buyers.
Long-term tenant in place with consistent rental payments
A compact one-bedroom studio in a multi-storey block on Borough Road, offered with a long-term tenant in situ. Priced at £28,000 and currently producing £6,000 gross per year, the purchase presents a high gross yield for an investor seeking immediate income and low management turnover.
The apartment is leasehold with 245 years remaining and on-street parking only. The building is a purpose-built, urban block with limited or no private outdoor space. Broadband speeds in the area are reported slow and local crime levels are very high; these are important factors for ongoing tenant demand and insurance costs.
This is a straightforward buy-to-let purchase: tenant in place, predictable income, and minimal immediate landlord work reported. The property suits investors wanting a low-effort addition to a portfolio or developers looking to consolidate holdings in a city-centre block. A full inspection is recommended to confirm condition and any refurbishment needs before completion.
Buyers should note a buyers’ premium will apply on sale. Prospective purchasers should review the Let Property Pack and tenancy documentation to confirm rent, lease terms and any management or service charges that could affect net yield.
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