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Canon Cockin Street, Hendon. Sunderland

PROPERTY TYPE

Terraced

BEDROOMS

1

BATHROOMS

1

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

  • BUY-TO-LET INVESTMENT WITH A LONG-TERM TENANT IN SITU WHO WISHES TO STAY
  • ASKING PRICE £55,000
  • CURRENT RENT £600 PER CALENDAR MONTH
  • EPC RATING D
  • ANNUAL RENTAL INCOME £7,200
  • 13.09% GROSS RENTAL YIELD AT THE ASKING PRICE
  • ONE-BEDROOM MID-TERRACE BUNGALOW
  • SPACIOUS LOUNGE AND BAY-FRONTED DOUBLE BEDROOM
  • FREEHOLD
  • PRIVATE REAR COURTYARD WITH GATED ACCESS

Description

Offered for sale with the tenant in situ, this freehold one-bedroom mid-terrace bungalow is an opportunity for a landlord to purchase an already-let property. The current rent of £600 per calendar month amounts to £7,200 a year, giving a gross yield of 13.09% at the £55,000 asking price, before costs. The long-term tenant has indicated that they would like to remain. The property has a spacious lounge, a bay-fronted double bedroom, a fitted kitchen, a bathroom and a private rear courtyard. Gas and electrical safety certificates are to be provided as part of the sale. Personal belongings have been removed from the marketing photographs to protect the tenant’s privacy. Viewing arrangements can be made by contacting our local office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £1195 + vat on a no sale no fee basis which means you won’t pay us anything unless we sell your home! Call us and find out why so many people across Sunderland now choose Good Life to sell their home.

Introduction - Offered for sale with the tenant in situ, this freehold one-bedroom mid-terrace bungalow is an opportunity for a landlord to purchase an already-let property. The current rent of £600 per calendar month amounts to £7,200 a year, giving a gross yield of 13.09% at the £55,000 asking price, before costs. The long-term tenant has indicated that they would like to remain.

Entrance Vestibule - A white uPVC double-glazed front door opens into the vestibule, which has wood-effect laminate flooring and houses the electricity meter and fuse box. A part-glazed door leads into the entrance hall.

Entrance Hall - Radiator and doors to the lounge and double bedroom.

Double Bedroom - 4.01m x 3.84m (13'2 x 12'7) - Approx. at widest points and into the bay.
A carpeted, front-facing double bedroom with a white uPVC double-glazed bay window, a double radiator and a ceiling approximately 10ft high.

Lounge - 5.05m x 3.45m (16'7 x 11'4) - Measurements are approx.
A spacious carpeted living room with a double radiator, a rear-facing white uPVC double-glazed window overlooking the courtyard and a feature fireplace with a built-in electric fire. A door leads to the kitchen.

Kitchen - 2.74m x 2.44m (9'0 x 8'0) - Measurements are approx.
Fitted with oak-effect wall and base units, contrasting laminate worktops and a circular stainless steel sink with matching drainer and mixer tap. There is space for a freestanding gas cooker and tall fridge freezer, plus space and plumbing for a washing machine. Wood-effect laminate flooring, radiator, wall-mounted combi boiler and a rear-facing uPVC double-glazed window. A door leads to the rear lobby.

Rear Lobby - Wood-effect laminate flooring, radiator and built-in storage cupboard. A solid uPVC door opens onto the rear courtyard and an internal door leads to the bathroom.

Bathroom - 2.44m x 1.65m (8'0 x 5'5) - Measurements are approx.
White bath with chrome taps and an over-bath shower fed by the combi boiler, washbasin with chrome taps and WC with a low-level cistern. Wood-effect laminate flooring, double radiator, uPVC-clad walls and ceiling, and two uPVC double-glazed windows with privacy glass.

Externally - Private enclosed courtyard with a pedestrian gate to the rear lane for access, including for refuse bins.

Brochures

Canon Cockin Street, Hendon. SunderlandBrochure
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.
On street
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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Canon Cockin Street, Hendon. Sunderland

Approximate location

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Affordability

Monthly repayments£273
Property: £ 55,000
Deposit: £ 5,500
Interest rate: 5.22%
Term: 30 years
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
Extension potential
Recently sold & under offer
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About Good Life Homes Sales and Lettings, Sunderland

46 Windsor Terrace, Ryhope Road, Grangetown, Sunderland, SR2 9QF
Industry affiliations:

Good Life Homes are an experienced strong independent and dynamic estate agent, based in Sunderland, providing professional sales, lettings, and valuation services at competitive rates.

Owned and managed by Dean Harding for 20 years and backed by an experienced team of professional property experts, we are renowned for getting excellent results for clients and have sold many thousands of properties through focussed modern marketing, outstanding photography, and expert negotiation.

We know the Sunderland and surrounding areas inside out - all of our staff are experienced local people who were born, live, and work in the area - and what also makes us different is our genuine caring and attentive approach to clients needs; you can rely on us to fully support you and genuinely care, whatever your circumstances.

In the current world of national and internet agents, with awful call centers and invisible staff, we provide a local personal presence, creating local jobs for local people to serve our community here in the Sunderland area.

We will come to see you free of charge and without obligation, to provide guidance on sales and rentals, and to show you why so many people have used Good Life Homes time and time again, to sell or rent their home.

We look forward to hearing from you.

Dean Harding, Managing Director & Senior Valuer, Good Life Homes

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Disclaimer - Property reference 35058044. 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 Good Life Homes Sales and Lettings, 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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