Parsons Road, Washington, Tyne And Wear, NE37

This key ready development consists of 40 contemporary apartments located in the up-and-coming town of Washington in Sunderland, situated in a thriving area of growth and regeneration this development is perfectly positioned to cater to the growing demand for high-quality homes in this area.

This property currently offers rental yields from 7% pa for the long term let units to 11% pa for the short term let units.

This property presents an exceptional opportunity with apartments available below market value that are built to an impeccable standard, each unit boasts high-end fixtures and fittings ensuring both quality and appeal.

The North East of England is rapidly emerging as one of the UK's most exciting property investment destinations. Historically, the North East has been overshadowed by its neighbour, the North West, with major cities like Manchester and Liverpool drawing significant attention and funding. However, recent years have seen a dramatic shift, with the North East now outpacing the North West in terms of investment potential,
infrastructure development, and property value growth.

With prices starting below market value, projected net yields of up to 11%, and a location just minutes from the UK's largest car manufacturing plant, this property provides investors with a rare opportunity to secure above average rental income and capital growth.

In addition to high rental demand, property values in Sunderland are projected to see sustained growth due to regeneration projects, infrastructure improvements and new employment opportunities are driving demand and setting the stage for a steady appreciation of property prices.

Large windows allow for an abundance of natural light, while many apartments boast panoramic views across Washington, offering a sense of tranquillity within an urban setting.

High-spec finishes and premium fixtures have been used throughout, ensuring every detail-from flooring to kitchen fittings-reflecting a commitment to quality and longevity.

This unique residential project is situated just 3 miles from the Nissan automotive plant Europe's largest car manufacturing facility, spanning an impressive 362,000 square metres and employing over 6,000 people.

This economic powerhouse supports a strong local economy, creating significant demand for quality housing options.