Park Hall, The Cloisters, SR2 7QB
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Ask agent
Key features
- Ready made investment
- Fantastic yield of above 7% NET
- Third floor apartment
- Two good-sized bedrooms
- Well presented throughout
- Allocated parking space
- Sought after development
- Close to the city centre, University and transport
- Lift and intercom access
- Enquire for 360 virtual tour
Description
The apartment offers a spacious and practical layout, featuring two well-proportioned double bedrooms, a modern bathroom, and a bright open-plan living and dining area. The kitchen comes fully fitted with integrated appliances, ensuring convenience for tenants. Tastefully decorated throughout, the flat requires no immediate work, contributing to its strong rental appeal.
Located within a secure, well-maintained residential block, the property also benefits from allocated parking, an increasingly valuable feature in city living. Park Hall forms part of The Cloisters, a popular development known for its quiet setting and close proximity to Sunderland city centre, university campus, and transport links including Sunderland rail station and the A690.
This is a hands-off investment with reliable, ongoing rental income and minimal management overhead. Whether you're a seasoned investor or seeking your first buy-to-let, this exciting opportunity represents exceptional value with proven returns.
Please note, lettings and management charges may apply.
Financial Breakdown
Gross Rent: £7,200.00
Net income: £5,226.40
Gross yield: 10.29%
Net yield: 7.47%
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-08210
- 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.
- Ask agent
- 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.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Park Hall, The Cloisters, SR2 7QB
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
Explore area BETA
Sunderland
Get to know this area with AI-generated guides about local green spaces, transport links, restaurants and more.
Get an instant, personalised result:
- Show sellers you’re serious
- Secure viewings faster with agents
- No impact on your credit score
Your mortgage
Notes
Staying secure when looking for property
Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.
Visit our security centre to find out moreDisclaimer - Property reference YL-08210. 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.
Map data ©OpenStreetMap contributors.