Lumley Street, Sunderland
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Description
This well-presented three-bedroom end-terrace house offers an excellent opportunity for both homeowners and investors. Featuring multiple upgrades throughout, the property includes a modern gas-fired boiler, French doors from the lounge, and a spacious rear "yarden" with electric roller shutters for off road parking with added security.
Currently let to professional tenants with a homeowner guarantor, the property generates £695 per month, delivering a strong gross rental yield of 9.8%.
Overview:
Address: Lumley Street, Sunderland, SR4 7DZ
Tenure: Freehold
Council Tax Band: A
EPC Rating: D (Potential: C)
Size: 807 ft² (75 m²)
For Investors
Rental Yield: 9.8% gross, offering an attractive return for buy-to-let investors.
Tenancy: 12 month initial fixed term from February 2025, with professional tenants.
Recent Upgrades: New gas-fired boiler installed in May 2023 and up-to-date EICR and gas certificate.
Demand: Sunderland’s affordable property market and strong rental demand make this an excellent investment.
Estimated Capital Required: Circa £31,500 total investment (including SDLT, legal fees, borrowing costs, and survey).
Local Amenities
Schools: Within proximity to good local schools including primary and secondary options.
Shops & Services: Nearby grocery stores, cafes, and retail options in Sunderland city centre.
Healthcare: Close to GP surgeries, pharmacies, and Sunderland Royal Hospital.
Leisure: Parks, gyms, and recreational facilities within easy reach.
Transport Links
Road: Easy access to the A690 and A19, providing routes to Durham and Newcastle.
Train: Sunderland railway station offers services to Newcastle, Middlesbrough, and beyond.
Metro: Nearby Pallion and Millfield Metro stations provide quick links across Tyne and Wear.
Bus: Well-served by local bus routes for city and regional travel.
Other Property Details
Floor Area: 807 ft² / 75 m²
Plot Size: 0.03 acres
Council Tax Estimate: £1,331 per year
Broadband: Ultrafast 1000 Mbps available (Virgin, Sky, BT)
Mobile Coverage: Good reception from O2, EE, Three, and Vodafone
Flood Risk: Very low
This turnkey investment offers strong rental income in a very popular location. Contact us today for more details or to arrange a viewing!
Brochures
Full Details- 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.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- 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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Energy performance certificate - ask agent
Lumley Street, Sunderland
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About 10Homes, Gateshead
412 Aiden House Tynegate Precinct, Sunderland Road, Gateshead, NE8 3HU
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Visit our security centre to find out moreDisclaimer - Property reference 12618451. 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 10Homes, Gateshead. 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.
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