4 bedroom flat for sale

Azalea Terrace North, Sunderland

£150,000

Property Description

Key features

  • INVESTMENT PROPERTY
  • DESIRABLE EDGE OF CITY CENTRE LOCATION
  • 3 SELF CONTAINED FLATS WITH POTENTIAL TO CONVERT TO 4
  • EPC RATING
  • ANNUAL RENTAL INCOME POTENTIAL OF £14,000 PA ASSUMING 4 FLATS
  • GENERALLY WELL MAINTAINED THROUGHOUT ALSO WITH NEW ROOF

Full description

INVESTMENT OPPORTUNITY TO ACQUIRE A SUBSTANTIAL FREEHOLD MID TERRACE VICTORIAN HOUSE LOCATED ON THE EDGE OF THE CITY CENTRE IN AN ESTABLISHED AREA POPULAR WITH STUDENTS & TENANTS WITHIN A SHORT WALK OF PARK LANE METRO STATION AND CITY CENTRE. CURRENTLY USED AS THREE SELF-CONTAINED FLATS BUT PREVIOUSLY USED AS FOUR ... WITH THE ABILITY TO CONVERT BACK TO FOUR WE WOULD EXPECT THIS PROPERTY TO ACHIEVE AN ANTICIPATED REASONABLE ANNUAL RENTAL INCOME OF £14,000. The property has been well maintained generally and has the added valuable benefit of having had a new roof replacement in recent years. There is secure parking to the rear. All bathrooms and kitchens within the property are well presented. To the ground floor there are two self contained flats, (one one bedroom and one studio). Both of these are unoccupied. To the first floor there is a further studio flat (flat 3) which is occupied and currently generating £99pw rent and to the second floor there is a further one bedroom attic flat which is currently occupied by the tenant below on an informal basis. Potential investors may be able to consider the possibility of a full and formal conversion into four leasehold flats with shared entrance. Accompanied viewing arrangements can be made by contacting our local office.


INTRODUCTION 
INVESTMENT OPPORTUNITY TO ACQUIRE A SUBSTANTIAL FREEHOLD MID TERRACE VICTORIAN HOUSE LOCATED ON THE EDGE OF THE CITY CENTRE IN AN ESTABLISHED AREA POPULAR WITH STUDENTS & TENANTS WITHIN A SHORT WALK OF PARK LANE METRO STATION AND CITY CENTRE. CURRENTLY USED AS THREE SELF-CONTAINED FLATS BUT PREVIOUSLY USED AS FOUR ... WITH THE ABILITY TO CONVERT BACK TO FOUR WE WOULD EXPECT THIS PROPERTY TO ACHIEVE AN ANTICIPATED REASONABLE ANNUAL RENTAL INCOME OF £14,000. The property has been well maintained generally and has the added valuable benefit of having had a new roof replacement in recent years. There is secure parking to the rear. All bathrooms and kitchens within the property are well presented. To the ground floor there are two self contained flats, (one one bedroom and one studio). Both of these are unoccupied. To the first floor there is a further studio flat (flat 3) which is occupied and currently generating £99pw rent and to the second floor there is a further...

FRONT 
Low maintenance well presented/maintained front garden with wrought iron railings situated within a street of similarly attractive and substantial period buildings within walking distance of the City Centre and Park Lane metro station.

ENTRANCE 
Traditional front door leading into entrance vestibule. Partially glazed door leading into entrance hall.

ENTRANCE HALL 
Laminate wood effect flooring, carpeted stairs to first floor. Doors leading off to front ground floor one bedroom flat, door leading off to rear yard, door leading off to ground floor studio flat. Door to under stairs cupboard with 3 gas meters, one of which is connected to the Studio Flat and one to flats three and four combined. Please note that the ground floor flat only has electric heating. Separate storage cupboard.

GROUND FLOOR 1 BED FLAT  
16' 3'' x 16' 1'' (4.95m x 4.90m)
Door leading from entrance hall into flat. Lounge/Open plan kitchen; Measurements taken at widest points into bay and into alcove. Laminate wood effect flooring, electric fire heating, wooden frame double glazed sash window front facing. Open plan kitchen comprising; range of floor and wall units in medium oak effect finish with contrasting work surface, 4 ring electric hob, stainless steel sink with single bowl and drainer, space for fridge. Door leading off to bedroom.

BEDROOM 1  
16' 0'' x 7' 9'' (4.87m x 2.36m)
Laminate wood effect flooring, uPVC double glazed bay window rear facing, door leading off to bathroom.

STUDIO FLAT  
Door leading from entrance hall into studio flat.

MAIN LOUNGE/BEDROOM 
16' 1'' x 10' 8'' (4.90m x 3.25m)
Laminate wood effect flooring, single convector radiator, white uPVC double glazed window, electric fire & fire surround with tiled hearth. Built in cupboard providing storage, door leading off to kitchen.

KITCHEN 
7' 9'' x 5' 6'' (2.36m x 1.68m)
Laminate wood effect flooring, single convector radiator, white uPVC double glazed window. Recently installed kitchen comprising; range of wall and floor units in light wood effect finish and contrasting laminate work surface. Stainless steel sink with single bowl and drainer, combi boiler, space and plumbing for gas cooker plus extractor, space for fridge. Door leading off to bathroom.

SHOWER ROOM 
11' 3'' x 3' 11'' (3.43m x 1.19m)
Vinyl flooring, single convector radiator, wall mounted combi boiler serving floors two and three (flat three and four). White uPVC double glazed window with privacy glass, white toilet with low level cistern, white hand basin, quadrant shower with electric shower. Ceramic tiles to shower area. Stairs leading to first floor landing. Two doors leading off to flat three and four.

FLAT THREE 
Door leading into entrance hall. Shelving and hanging space. Door leading off to lounge.

KITCHEN/DINING ROOM 
14' 2'' x 13' 7'' (4.31m x 4.14m)
Carpet flooring, single convector radiator, white uPVC double glazed window rear facing, range of modern wall and floor fitted kitchen units with wood effect laminate work surface. Stainless steel sink with single bowl and drainer, space for washing machine and tall fridge freezer. Electric cooker. Entrance hall first floor door to flat four. Entrance door leads straight into staircase which leads to half landing. Half landing, door leading off to bathroom.

BATHROOM 
10' 7'' x 4' 1'' (3.22m x 1.24m)
Vinyl flooring, single convector radiator, white uPVC double glazed window with privacy glass. White bathroom suite comprising; bath with panel, sink with pedestal, toilet with low level WC. Carpeted stairs to second floor landing

SECOND FLOOR LANDING 
It would be possible to fit a small compact kitchen on the second floor landing if necessary to create a self contained flat whilst leaving the other rooms in their current layout. Alternatively, the second bedroom/dressing room wall which divides the landing and dressing room could be removed to create a larger space. Two doors leading off, one to lounge and one to bedroom. Wooden frame double glazed velux style roof light to landing proving lots of light to the space.

BEDROOM 
14' 2'' x 8' 3'' (4.31m x 2.51m)
Laminate wood effect flooring, single convector radiator, white uPVC double glazed window rear facing. Internal door leading off to lounge.

LOUNGE 
14' 1'' x 10' 4'' (4.29m x 3.15m)
Carpet flooring, double convector radiator, two wooden frame velux style roof lights. Door leading off to second bedroom or dressing room.

SECOND BEDROOM/DRESSING ROOM 
10' 4'' x 7' 0'' (3.15m x 2.13m)
Carpet flooring, single convector radiator. Please note that originally there was a skylight window in this room which was removed when the new roof was installed. A new buyer could install a window if necessary depending on the intended use of the room.

EXTERNAL 
The property has benefited from a new roof in recent years which is a considerable financial benefit on properties of this age, height and size. To the rear are electric roller shutter garage doors providing access to the large rear yard which is approximately 45' in length with additional space for refuse bins etc.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
22 July 2016

Nearest stations

  • Park Lane (0.1 mi)
  • University (0.4 mi)
  • Sunderland (0.5 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Good Life Estate Agents, Sunderland

46 Windsor Terrace, Ryhope Road, Grangetown, Sunderland, SR2 9QF

0191 687 0467 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Park Lane (0.1 mi)
  • University (0.4 mi)
  • Sunderland (0.5 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Good Life Estate Agents, Sunderland

46 Windsor Terrace, Ryhope Road, Grangetown, Sunderland, SR2 9QF

0191 687 0467 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 6947915. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Good Life Estate Agents, Sunderland. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Map data OpenStreetMap contributors.