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SOLD STC

All Saints, Portobello Lane, Sunderland, SR6 0DN

Key features

  • Tenanted investment property
  • Hands off student investment
  • Generating a fantastic yield
  • Including kitchenette and ensuite
  • Self contained luxury studio
  • Experienced management company in place
  • Fully furnished
  • Enquire today for further information
  • Plus Premium Studio
  • Double Bed

Description

We are pleased to offer this opportunity to invest in this fully furnished luxury studio. The studio is situated in the popular student development – All Saints House.

All Saints House is in the heart of Sunderland and benefits from being only 0.7 miles from the City Centre and only 1 mile from the University of Sunderland Campus, making it an extremely sought-after accommodation amongst students.

All rooms are completed to a high specification including kitchenette, en-suite shower room and study area. Additional benefits include onsite WIFI and ample parking, making this one of the most attractive developments for students in the area.

Over the last 20 years, Sunderland has invested substantially in the Universities with around £130m in funding going towards improving its extensive facilities. This has only made the student population grow to near-20,000 strong, of which 41% are from overseas and desire private student accommodation in the area. This makes Sunderland a perfect place to invest in student accommodation as the demand has never been higher!

Please note: Images shown are of a show apartment and may not be representative of the property for sale.

Financial Breakdown

Gross Rent: £8,032.50
Net income: £3,975.98
Gross yield: 26.78%
Net yield: 13.25%
Please contact agent for full financial breakdown.

IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

yieldit ref: YL-07659
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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All Saints, Portobello Lane, Sunderland, SR6 0DN

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About yieldit, Manchester

Suite 2A Osprey House at The Nest, Broadway, Manchester, M50 2UE.

Here at yieldit we specialise in the sale of tenanted, income generating buy-to-let property from investor to investor. We work with buyers and sellers who see the financial potential of a buy-to-let-property, and don't get distracted by little things - eliminating the normal stresses that come with trying to sell a buy-to-let property on the high-street.

yieldit brings a wide range of income generating properties to market, from larger homes perfect for families to city centre apartments in some of the UK's best rental markets. Whatever your requirements, yieldit has the perfect investment (or buyer) for you!

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Disclaimer - Property reference YL-07659. 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 yieldit, Manchester. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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