Collingwood Court, Washington
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
570 sq ft
53 sq m
Key features
- Investment Opportunity
- Tenant In Situ
- Rent from Day 1
- Excellent Rental Yield
- Rental Demand
- Ample Transport Links
- Furniture Included
Description
Tenant in situ - immediate income:
The property is currently tenanted, allowing for a seamless transition for any investor and instant rental income from day one, providing a 12% rental yield. This removes the hassle and costs associated with sourcing a tenant, making it an ideal low-effort addition to any portfolio or a great first step into buy-to-let investing.
High rental demand location:
Situated in a popular area, the property benefits from strong and consistent rental demand. Conveniently located just 7 minutes from The Galleries, Washington, and 18 minutes to the Metrocentre, it appeals to a wide range of tenants seeking accessibility and local amenities.
No chain:
Offered with no chain, this property ensures a smooth and straightforward purchase process, ideal for investors looking for a quick turnaround.
Upon entering, you are welcomed into a carpeted living area, with additional space to the rear that can comfortably be used as a dining area. An archway leads through to the kitchen, featuring white cabinets, wooden-effect worktops, and overhead storage for added practicality.
The property continues through to a spacious double bedroom, complete with a large, bright window allowing plenty of natural light. The bathroom is fitted with a bath and detachable shower head, offering convenience for everyday use.
All of the furniture is included in the sale of the property.
The service charge includes buildings insurance, providing added peace of mind as the property is fully covered within the cost.
Collingwood Court is ideally positioned for access to local shops, transport links, and major road networks, making it a practical and desirable location for tenants and ensuring long-term rental appeal.
Council Tax Band: A (Sunderland Council)
Tenure: Leasehold (85 years)
Ground Rent: £10 per year
Service Charge: £115.23 per month
125 years from the 1st of April 1986
The lease holders are currently negotiating with the lessor company for a new much longer lease, it is unknown how long or at what stage their progress is.
Brochures
Brochure- 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.
- Ask agent
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- 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
Collingwood Court, Washington
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Visit our security centre to find out moreDisclaimer - Property reference RS0434. 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 NGU HOMES, 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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