1 bedroom flat for sale

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1 bedroom flat for sale

High Street West, Sunderland, Tyne And Wear, SR1
£61,000

Price History

Initial price £80,000
06/01/24 £78,000
23/01/24 £76,000
30/01/24 £74,000
06/02/24 £72,000
13/02/24 £80,000
20/02/24 £78,000
27/02/24 £76,000
02/03/24 £81,000
12/03/24 £75,000
09/04/24 £72,000
16/04/24 £70,000
24/04/24 £68,000
30/04/24 £66,000
07/05/24 £72,000
14/05/24 £70,000
23/05/24 £68,000
30/05/24 £66,000
05/06/24 £64,000
13/06/24 £70,000
18/06/24 £68,000
26/06/24 £66,000
10/07/24 £95,000
22/07/24 £93,000
03/08/24 £89,000
10/08/24 £87,000
17/08/24 £95,000
25/08/24 £93,000
07/09/24 £91,000
11/09/24 £89,000
25/09/24 £87,000
02/10/24 £70,000
08/10/24 £68,000
15/10/24 £66,000
22/10/24 £64,000
29/10/24 £70,000
05/11/24 £68,000
12/11/24 £65,000
18/11/24 £63,000
26/11/24 £59,000
03/12/24 £65,000
10/12/24 £63,000
18/12/24 £61,000
31/12/24 £59,000
07/01/25 £65,000
17/01/25 £63,000
29/01/25 £61,000
Price Change -23.75%

Description

This 1-bedroom flat in Sunderland is an excellent investment opportunity for those looking to expand their portfolio. The property is well-maintained and features an open plan lounge, kitchen, and three-piece bathroom. Currently, it produces an annual gross income of £6,600, which could be increased to £7,200 with the new owner negotiating a market-rate rent with the long-term tenants who are already situated in the property. The tenants have been consistently paying their rent for several years and have no intention of moving out, making this a stable and reliable investment option. With its close proximity to amenities and potential for increased rental returns, this property is a worthwhile addition to any investor's portfolio.