57 Earlston Street, Sunderland, Tyne and Wear SR5 2QS

Property Details: - Type: Apartment - Bedrooms: 1 - Bathrooms: 1

Agent: Auction House - North East Phone: 020 8115 2054

<p>Auction Commencing on Monday 27th April at 1pm and ending 24 hours later on Tuesday 28th April from 1pm with Auction House North East <br/> <br/>Please register to bid via our website - auctionhouse.co.uk/northeast</p><p>Tenanted 1-bedroom ground floor flat with large rear garden, currently producing £5,086 pa with potential to increase to £6,600 pa, offering a high-yield investment opportunity.</p><p>Tenanted 1-Bed Ground Floor Flat – High Yield Investment <br/> <br/>Tenanted one-bedroom ground floor flat located in a popular residential area of Sunderland. The property benefits from a large rear garden, gas central heating, and double glazing, making it attractive to long-term tenants. <br/>The accommodation briefly comprises lounge, kitchen, bedroom and bathroom, with direct access to the rear garden. <br/> <br/>________________________________________ <br/> <br/> Investment Details <br/>•{tab}Current Rent: £423.84 pcm (£5,086.08 pa) <br/>•{tab}ERV: £550 pcm (£6,600 pa) <br/>•{tab}Proven rental level within the block <br/>•{tab}Scope for rental uplift <br/> <br/>________________________________________ <br/> <br/> Tenure & Charges <br/>•{tab}Leasehold – 125 years from 1990 (approx. 89 years remaining) <br/>•{tab}Ground Rent: £10 per annum (peppercorn) <br/>•{tab}Service Charge: £98 pcm <br/>•{tab}Managed by Gentoo <br/> <br/>________________________________________ <br/> <br/> Key Features <br/>•{tab}Tenanted investment <br/>•{tab}Ground floor <br/>•{tab}Large rear garden <br/>•{tab}Strong rental demand area <br/>•{tab}Income + reversion potential <br/> <br/>________________________________________ <br/> <br/> Auctioneers Note <br/>A ready-made income producing investment with potential to increase returns. Ideal for landlords seeking a high-yield addition to their portfolio. <br/> <br/></p><p><b>Tenure:</b> Leasehold</p><p><b>EPC Rating:</b> C</p><p><b>Administration Fee:</b> £3600 inc VAT payable on exchange of contracts.</p><p><b>Disbursements:</b> Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.</p>