Flat 2B, Park Lane House, Stockton Road, Sunderland, Tyne and Wear SR2 7AQ
- PROPERTY TYPE
Apartment
- BEDROOMS
1
- BATHROOMS
1
- SIZE
Ask agent
Description
Auction Commencing on Monday 16th March at 1pm and ending 24 hours later on Tuesday 17th March at 1pm with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast
£140 Per Week Income – Long-Term Let in Place Until 2027.
Deluxe Studio | Let at £140 per week | EPC Rating: C
A superb opportunity to acquire a high-yielding deluxe studio apartment within the popular Park Lane House development, offered for sale by auction as a fully let investment.
The unit is currently let at £140 per week and forms part of a scheme that has maintained 100% occupancy since opening, demonstrating strong and consistent tenant demand. The property is let through to August 2027, providing an incoming purchaser with secure, long-term income from day one.
Flat 2B comprises a well-presented studio bedroom with integrated storage and workspace, along with a modern en-suite shower room. Residents also benefit from access to high-quality communal facilities, including a contemporary kitchen/diner, social spaces and lobby areas, all designed to appeal to the student and young professional market.
The building is conveniently located close to local amenities, transport links and educational institutions, further underpinning the property’s rental appeal.
Key Investment Highlights:
Deluxe studio apartment
Let at £140 per week
Let through to August 2027
Proven 100% occupancy across the scheme
EPC Rating: C
Excellent hands-off investment opportunity
An ideal purchase for investors seeking secure income and strong rental demand in a purpose-built development.
Tenure: Leasehold
EPC Rating: see legal pack
Administration Fee: £5000 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- 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.
- Ask agent
- 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
Energy performance certificate - ask agent
Flat 2B, Park Lane House, Stockton Road, Sunderland, Tyne and Wear SR2 7AQ
Add an important place to see how long it'd take to get there from our property listings.
__mins driving to your place
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 202602251754sq_wuhf. 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 Auction House, North East. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, North East on 0191 917 9650.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*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.