Studio flat for sale

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Studio flat for sale

Parsons Road, Washington
£80,500

Price History

Initial price £98,800
08/08/25 £80,500
Price Change -18.52%

Description

Parsons House presents a rare opportunity to acquire ready-built, income-generating apartments in the fast-growing town of Washington, Sunderland. The property is currently tenanted, producing immediate rental income, making it an ideal high-yield investment for landlords and portfolio builders. The 40 apartments are modern, fully fitted, and set in an area undergoing rapid regeneration, with major employers such as Nissan, Amazon, and Rolls-Royce nearby, ensuring strong rental demand from professionals. The properties are available below market value, providing investors with built-in equity and strong capital growth prospects. With a chronic undersupply of high-quality rental accommodation in the region, Parsons House is not just another buy-to-let, but a strategic foothold in one of the North East's most promising property markets.