5 Bed Of Multiple Occupation House For Sale Leamington Street, Sunderland, SR4
£173,000- Of Multiple Occupation
1 of 12
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Last Updated: 28th March 2024
Description
yieldit are pleased to present to the market this ready-made investment opportunity, the property is a fully-operational, tenanted and licensed HMO property generating a fantastic NET yield above 7%. The mid-terraced property consists of entrance hallway leading to five spacious double bedrooms, a fully-fitted kitchen complete with appliances, a shower room and bathroom with three-piece suite. To the rear of the property is a low-maintenance rear yard and ample on street parking is available to the front.
Leamington Street is ideally located just a 5-minute walk to Sunderland General Hospital and Sunderland University Main Campus, meaning it will be an attractive let with the student community and young professionals thanks to it’s handy location. Sunderland’s bustling city centre can be reached in 20 minutes on foot or 5 minutes by car, offering a wide selection of shops, eateries, leisure and cultural facilities. Sunderland Station is also located in the centre which provides services to Newcastle in as little as 20 minutes meaning it will also appeal with commuters.
Sunderland often ranks highly as one of the best and safest places to live in the UK and house prices in the city have increased by an excellent 12% since 2019 (Rightmove). Almost £1billion has been invested in the city since 2015, resulting in the creation of jobs, improve infrastructure and cultural assets and in addition to this, a further £626m is due to be spent by 2024 which will only contribute to it’s growth and appeal. Don’t miss out on this opportunity to invest and enquire today!
Financial Breakdown
Gross Rent: £21,000.00
Net income: £12,684.00
Gross yield: 12.14%
Net yield: 7.33%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-06969
Leamington Street is ideally located just a 5-minute walk to Sunderland General Hospital and Sunderland University Main Campus, meaning it will be an attractive let with the student community and young professionals thanks to it’s handy location. Sunderland’s bustling city centre can be reached in 20 minutes on foot or 5 minutes by car, offering a wide selection of shops, eateries, leisure and cultural facilities. Sunderland Station is also located in the centre which provides services to Newcastle in as little as 20 minutes meaning it will also appeal with commuters.
Sunderland often ranks highly as one of the best and safest places to live in the UK and house prices in the city have increased by an excellent 12% since 2019 (Rightmove). Almost £1billion has been invested in the city since 2015, resulting in the creation of jobs, improve infrastructure and cultural assets and in addition to this, a further £626m is due to be spent by 2024 which will only contribute to it’s growth and appeal. Don’t miss out on this opportunity to invest and enquire today!
Financial Breakdown
Gross Rent: £21,000.00
Net income: £12,684.00
Gross yield: 12.14%
Net yield: 7.33%
Please contact agent for full financial breakdown.
IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.
yieldit ref: YL-06969
Agent Details
yieldit
Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.
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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.