Various Locations Sunderland, 41 Bedrooms ,8 Receptions ,For Sale

Various Locations

Sunderland

| For Sale

Offers In Excess Of £1,140,000

41 814
1 of 1
Kitchen
Full Screen
  • Investment Portfolio
  • Eight Properties
  • Forty One Bedrooms Total
  • Available Whole or In Part
  • Refurbishment Potential
  • Thornhill & Millfield Locations
  • Close to University Campus
  • EPC Ratings D-E

About this Property

INVESTMENT PORTFOLIO // EIGHT HOUSES // REFURBISHMENT POTENTIAL // CLOSE TO UNIVERSITY AND HOSPITAL // AVAILABLE AS A WHOLE OR IN PART

Floor Plan

View PDF

Energy Efficiency Rating

Current
Potential
1
1
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

CO2 Rating

Current
Potential
1
1
(92+)
A
(81-91)
B
(69-80)
C
(55-68)
D
(39-54)
E
(21-38)
F
(1-20)
G

Interested in this property? Call 0191 2431000

Overview

Investment Portfolio comprising eight terraced houses located in the Millfield and Thornhill areas of Sunderland. The Portfolio is currently part-rented, presenting a prospective purchaser with the opportunity to upgrade the vacant properties whilst still achieving a rental income.

Location

The properties within the Portfolio are located within easy access of Sunderland University, Sunderland City Centre and Sunderland Royal Hospital, as well as Tyne & Wear Metro stations at Park Lane, University and Millfield.

Sunderland

Sunderland is a city in the North East of England, located on the banks of the River Wear, 10 miles southeast of Newcastle upon Tyne and 12 miles northeast of Durham. Sunderland is a main interchange on the Tyne and Wear Metro system, connecting the city directly to Newcastle city centre and Newcastle Airport with journey times of 30 minutes and 55 minutes respectively. Sunderland is connected to the national road network via the A19 which runs north-south allowing access to Newcastle and York and close to the A1 for wider connections north and south to cities such as Leeds, Edinburgh and London.

Sunderland University

Sunderland University's City Campus is located to the west of the city centre, located on Chester Road. The Campus is home to The Gateway, a centre foradministration and support services, Murray Library, Pharmacy School, Living Labs and School of Nursing. The Tom Cowie Campus is located on the north bank of the River Wear and houses the David Puttnam Media Centre, Informatics Centre and centre for Computing and Engineering. The University had a total of 13,000 students in 2016/17 and in 2018 was selected to host one of the five new medical schools to be established and is set to take in new students in September 2019.

Sunderland Student Housing

The university has around 12,000 on- campus students, of which approximately 7,000 reside within the city. Of these 7,000 students over 46% reside in private rented accommodation, with others living either in their own home, their parental home or in university accommodation. Students who reside in University owned accommodation live in one of four residential sites, Clanny House, Scotia Quay, Panns Bank and The Precinct, all of which are located on the south side of the river. The total supply of University halls of residence accommodation is 1,547 beds. The supply of private rented accommodation is generally made up of purpose-built student accommodation blocks, city centre flats and Houses in Multiple Occupation (HMOs). Houses in multiple occupation account for the majority of the student private rented sector. Wards such as St Michael s, Pallion, Thornhill, Barnes, Millfield and St Peter s are known to accommodate high levels of HMO s and students (Within Millfield 52% of the private rented sector is student accommodation).

The Properties

Elmwood Street

Six/Seven bedroom mid-terraced house set over three floors with large kitchen and separate dining room. Elmwood Street is located just off Burn Park Road and a five minute walk to Sunderland University's city campus. This property is currently vacant. EPC rating TBC

Elmwood Street

Five bedroom mid- terraced house set over three floors with open plan living room and kitchen. Elmwood Street is located just off Burn Park Road and a five minute walk to Sunderland University's city campus. This property is currently vacant. EPC rating E.

Princess Street

Five bedroom terraced house set over two floors with substantial rear offshoot extension. Princess Street is located off Thornhill Crescent and a nine minute walk to Sunderland University's city campus. This property is currently part-let to four tenants producing a gross annualised rental income of £14,964 (inclusive of bills). EPC rating D.

Otto Terrace

Substantial five bedroom end terraced house which retains many original features, with lare living room and large dining kitchen and private off street parking. Otto Terrace is located in the Thornhill area of Sunderland providing easy access to the city centre and also A690 for access west to the A19. This property is currently part let, producing a gross annualised income of £8,400 (inclusive of bills). EPC rating D.

Beechwood Street

Five/Six bedroom terraced house set over two floors with 'L-shaped' kitchen, distinctive period external features and private rear yard. Beechwood Street is located just off Burn Park Road and a five minute walk to Sunderland University's city campus. This property is currently vacant. EPC rating D.

The Retreat

Four bedroom terraced house set over two floors with expansion potential. The property has a unique layout with large kitchen, bathroom and shower room. The Retreat is located off Chester Road providing excellent access to Sunderland University, Hospital and City Centre. The property is currently let producing a gross annualised income of £11,544 (inclusive of bills). EPC rating E.

Alice Street

Four bedroomed mid-terraced house set over two floors. Alice Street is located very close to Park Lane bus and Metro station and Sunderland University. The property is currently vacant. EPC rating TBC.

Croft Avenue

Four bedroom mid-terraced house located off a pedestrian walkway and located between Sunderland University and Sunderland Royal Hospital. The property is currently let until August 2019 producing an annualised gross rental income of £6,600 (exclusive of bills). EPC rating E.

Proposal

Offers are invited in the region of £1,140,000 for our clients freehold interest in the properties, subject to contract and all tenancies. The properties are also available individually at prices to be negotiated.

Energy Performance Certifiates

Full Energy Performance Certificates (EPCs) are available on request. The EPCs have ratings of D & E.

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