Mowbray Close, Sunderland SR2 6 bed block of apartments for sale

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Mowbray Close, Sunderland SR2 6 bed block of apartments for sale

Mowbray Close, Sunderland SR2
£300,000

Price History

Initial price £320,000
02/12/25 £300,000
Price Change -6.25%

Description

This is a fantastic opportunity to purchase a ready-made investment property consisting of three self-contained apartments, one with a single freehold title. The apartments, each with two bedrooms, are currently let to long-term tenants, generating a combined income of £1,590 per month. The property is located in the sought-after suburb of Ashbrooke, offering easy access to local amenities, Sunderland City Centre, and local transport networks. The EPC ratings are D, C, and D, and the Council Tax Band is C for each apartment. The tenure is understood to be freehold, although this should be confirmed with a licensed legal representative. With a combined annual income of £18,960, this property presents an attractive investment opportunity for anyone looking to generate a steady income stream.