Borough Road, Sunderland, SR1 1HS
£53,000
Financial snapshot
Your initial investment
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Estimated deposit
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Purchase fees
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Your total return by 2035
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Annual return
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Rental growth p.a.
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Cap growth p.a.
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Rental income p.c.m.
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Gross yield
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Indicative returns are based on historic data - please note past performance is not necessarily indicative of future results and actual returns may differ materially from the returns indicated here
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Area highlights
Property snapshot
Apartment
151 sq ft
1 Bedroom
1 Bathroom
Tenanted
Tenure - Leasehold
Lease-length
246 years
Ground rent
£150
Service charge
£1,472.00 per year
Overview
This one-bedroom apartment on Borough Road, Sunderland, presents an excellent buy-to-let investment with an asking price of £53,000, offering a 15.2% discount. Currently tenanted, it generates an annual rent of £5,160, resulting in a gross yield of 9.7%. The leasehold property has a lease length of 246 years, with a service charge of £1,472 per annum and ground rent of £150. The market rent for the area is £430 per month, providing a net cash flow of £264 per month, or £3,168 annually. The property is well-located just 0.26 miles from Sunderland station, ensuring strong rental demand. This is a great opportunity for investors looking for high returns in a growing area.
What our customers say about us
Graham
Buy-to-let investor
“The Getground service really makes the process of setting up and running a SPV company, and associated banking, a seamless easy process all for a low monthly fee. Support has always been on hand when needed with help for accounting submission etc. Highly recommend!”
Ho Chuen
Buy-to-let investor
“The Get ground team is always quick to respond to my queries, both of the UK and HK branches' contacts. I recommend their system and service as a BTL investor.”
Shivraj
Buy-to-let investor
“Technical support and the guidance the team provides are simply the best !! The team is quick to respond to your queries and regular follow-ups ensure the matters are resolved to satisfaction. I highly recommend Getground to anyone who has property in the UK and wants the best support.”
Meet the team