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Grange Crescent, Sunderland, Tyne and Wear, SR2

PROPERTY TYPE

Terraced

BEDROOMS

7

BATHROOMS

7

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • Investment Opportunity
  • City Centre Location
  • Modern Throughout
  • Council Tax Band A Sunderland City Council
  • EPC Grade C
  • 302 sqm/ 3250sqft Floor Area

Description


Situated in a well established residential location, this substantial multi unit investment property on Grange Crescent presents an excellent opportunity for investors seeking strong rental yield and diversified income streams. The accommodation is arranged over four levels and offers a mix of self contained apartments and high demand en suite rooms, making it ideally suited to professional tenants and long term rental occupancy.

The property has been thoughtfully configured to maximise rental potential while offering flexible living arrangements throughout. With a combination of private self contained accommodation and shared living facilities, the property is well positioned to appeal to a broad tenant demographic.

Basement Level

The basement comprises two generously proportioned en suite letting rooms, both benefiting from private shower facilities. Residents on this level have access to well maintained shared kitchen facilities, creating practical and comfortable accommodation for tenants.

Ground Floor

The ground floor offers a self contained studio apartment featuring an open plan living and sleeping area alongside its own kitchen and bathroom facilities. In addition, there is a further en suite letting room, providing additional rental accommodation with private bathroom facilities.

First Floor

Occupying the first floor is a spacious self contained on bedroom apartment comprising a separate bedroom, living area, fitted kitchen, and bathroom. Also located on this level is an additional en suite room, further enhancing the property’s multiple income opportunities.

Second Floor

The second floor hosts a further self-contained one bedroom apartment, offering well balanced accommodation with independent living facilities including a separate bedroom, kitchen, living space, and bathroom.

Investment Potential

This fully income producing property provides a rare opportunity to acquire a ready made investment with a varied unit mix and strong rental appeal. The layout lends itself to continued high occupancy levels, while the combination of self contained apartments and en suite rooms allows for multiple revenue streams within a single asset.

Early viewing is highly recommended to fully appreciate the scale, flexibility, and investment potential this property has to offer.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

SUN260318/2

Main

Entrance Hall

Basement Flat

Lounge

4.2m x 4.5m

Kitchen Diner

4.85m x 2.16m

Bedroom One

3.15m x 4.6m

En Suite

0.9m x 2.34m

Bedroom

3.15m x 2.5m

En Suite

0.64m x 1.7m

Agent Note

Basement which is a 2 bedroom apartment £1050 pcm however this has been split into 2x en-suite bedrooms with shared kitchen and sitting room and £700 per room

Studio Flat 1

Openplan living Area

4.4m x 5.72m

En Suite

1.04m x 2.5m

Agent Note

Currently Receive £675 PCM

Room 2

Bedroom

3.12m x 4.65m

Ensuite

1.1m x 2.54m

Room 3

Bedroom

3.23m x 4.62m

En Suite

1.04m x 2.67m

Agent Note

Rooms 2 & 3 both ensuite and have shared kitchen facilities and hoping to achieve £625 PCM

Apartmnet One

Open Plan Living Area

3.25m x 4.72m

Shower Room

1.04m x 3.02m

Bedroom

3.35m x 2.6m

Agent Note

Currently Let at £920 PCM

Apartment Two

Openplan Living Area

4.47m x 6.32m

Bedroom

4.55m x 4.93m

Shower Room

2.72m x 1.27m

Agent note

Rented currently at £900 PCM

AGENT NOTE

The Owner currently Pays all utility bills as they are included for tenants current LL pays Gas and electric currently £550 pcm Council tax for each unit in total currently £493 for all pcm Broadband £45 pcm Currently the property is not at full Capacity. If property is at full capacity the rental yield will be approximate 13% based on historic rental income.

Brochures

Web Details
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: TBC
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

Grange Crescent, Sunderland, Tyne and Wear, SR2

Approximate location

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Affordability

Monthly repayments£1,881
Property: £ 375,000
Deposit: £ 37,500
Interest rate: 5.33%
Term: 30 years
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Extension potential
Recently sold & under offer
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About YOUR MOVE Chris Stonock, Sunderland

4A Athenaeum Street, Sunderland, SR1 1QX
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At Your Move Chris Stonock, we understand the importance of making a lasting first impression. Our approach to estate agency is refreshingly modern, seamlessly integrating the advancements of digital and online platforms with the traditional, personal touch found on the high street.

Operating as an independently owned franchise, we proudly boast 14 branches across the North-East. This extensive local network is further amplified by the national reach of the Your Move network, ensuring your property receives unparalleled exposure. Our approach is tailored to connect your property with the most suitable buyers, thereby achieving the best results for you.

Service is the cornerstone of our business. Each branch, including our team in Sunderland, is staffed by local experts who possess an intimate understanding of the area and market. Their experience and enthusiasm are key in ensuring a smooth and successful property transaction.

Our services extend beyond residential sales and lettings. We offer a full range of property services, including property management and independent mortgage and protection advice. Our team, genuine and professional, is dedicated to providing you with exceptional service.

At Your Move Chris Stonock, we're more than just estate agents; we're people committed to making your property journey a success. We'd be delighted to discuss how we can assist you.

Notes

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Disclaimer - Property reference SUN260318. 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 YOUR MOVE Chris Stonock, Sunderland. 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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