Property Details

4 bedroom terraced house for sale For Sale

Western Hill, Hollycarrside, Ryhope, Sunderland, North East, England, SR2 0AB, United Kingdom

£107,000

ROI = 15% BMV = 31.42%

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Description

4-Bedroom Terraced Property in Sunderland – Investment Opportunity Overview A four-bedroom terraced property offering 1,259 ft² of internal living space, currently let at £800 PCM with a tenant in place. The property provides an immediate rental income and exciting potential for further development/conversion to a House in Multiple Occupation (HMO), subject to planning. For Investors - Rental Yield: Currently achieving £800 PCM, representing a gross yield of approximately 9%. - Development Potential: Possible upgrades or conversion to an HMO could increase rental income. Post-upgrade/conversion, the property would have a significantly increased refinance value. - Local Rental Market: The area is very popular among professionals and students, benefiting from its proximity to the hospital, University, Sunderland city centre and transport links. - Large rear yard with shutter: Large rear yard space offers further development potential and off road parking. Transport Links - Roads: Convenient access to the A690 (0.3 miles), leading to Durham and the A19 for Newcastle and Teesside. - Train: Sunderland train station is 1 mile away, with services to Newcastle (30 minutes) and Middlesbrough (50 minutes). - Bus Services: Local bus routes operate nearby. - Air Travel: Newcastle International Airport is 23 miles away, about a 35-minute drive. Factual Information - Tenure: Freehold - Floor Area: 1,259 ft² (117 m²) - Plot Size: 0.03 acres - Council Tax Band: A (£1,331 estimated annual cost) - EPC Rating: current - E, potential C - Flood Risk: No river or sea risk; low surface water risk - Broadband Availability: Ultrafast broadband up to 1000 Mbps This property offers an established rental income with scope for further development. For more information or to arrange a viewing, please get in touch.

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