Swan House, Gray Road, Sunderland
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
2
- SIZE
732 sq ft
68 sq m
Key features
- Two bedrooms, two bathrooms
- Net yield 6.8%
- Top floor apartment
- Allocated parking
- 103 years remaining on lease
Description
An excellent opportunity to acquire a top floor (third floor) two-bedroom, two-bathroom apartment in a well-established residential development in Sunderland. This property is ideally suited to buy-to-let investors seeking a strong, ready-made return in a consistent rental market.
The apartment offers a spacious and practical layout, with two well-proportioned bedrooms and two bathrooms, making it particularly attractive to professional tenants and sharers. Positioned on the top floor, the property benefits from added privacy and an elevated outlook, further enhancing tenant appeal. An allocated parking space is also included, a valuable feature that supports long-term rental demand.
Currently achieving a rental income of £685 pcm (£8,220 per annum), the property delivers a net yield of approximately 6.8%, after accounting for the annual service charge of £1,594 and ground rent of £200.
With approximately 103 years remaining on the lease, this represents a solid, income-generating asset with long-term security.
Investment Highlights
£95,000 asking price
Two bedrooms, two bathrooms
Top floor (third floor) apartment
Allocated parking space
Currently let at £685 pcm (£8,220 pa)
Net yield circa 6.8%
Service charge: £1,594 pa
Ground rent: £200 pa
103 years remaining on lease
Location
Situated on Gray Road, the property is well positioned for access to Sunderland city centre, local amenities, and key transport links. Sunderland benefits from strong rental demand driven by a mix of students, young professionals, and local employment hubs.
The area offers convenient access to the University of Sunderland, Sunderland Royal Hospital, and major road networks including the A19, providing connectivity to Newcastle and the wider North East region. Public transport links are also easily accessible, further enhancing the property’s appeal to tenants.
Sunderland continues to see ongoing regeneration and investment, supporting both rental demand and future capital growth potential. The city typically offers attractive yields compared to the UK average, making it a popular choice for property investors.
Summary
This is a well-located, low-maintenance investment opportunity offering a strong net yield and consistent rental income. Ideal for both new and experienced investors looking to acquire a dependable, income-producing asset in a growing regional market.
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- 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.
- Allocated
- 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
Swan House, Gray Road, Sunderland
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Visit our security centre to find out moreDisclaimer - Property reference 7-swan-house. 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 Pure, 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.
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