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2 bedroom terraced house for sale
Shepherd Street, Sunderland
£70,000
Shepherd Street, Sunderland
£70,000
Our Summary
- Great investment opportunity with assured rental income of £6,360pa until 2028 with the option to renew thereafter
- The tenancy has a strong renewal history, and there is potential for the lease to be extended at the end of the current term, with scope to review rental levels in line with market rates
- This combination of secure tenancy, built-in rental growth, and potential future upside makes it an attractive proposition for buy-to-let investors seeking predictable returns in a stable rental market
Description
This two-bedroom, one-bathroom mid-terrace property in Sunderland offers a secure and hands-off investment opportunity with a guaranteed rental income of £6,360 per annum until 2028, with the option to renew thereafter. The property is currently leased to a charity until 12 June 2028, providing a reliable income stream with minimal management required. The lease includes annual rent increases of CPI + 1% (capped at 5%) and ensures the property is returned in comparable condition to its 2021 state. The property features a modern kitchen and bathroom, gas central heating, and a rear yard, making it both practical and appealing for long-term occupancy. With a strong renewal history and potential for the lease to be extended at the end of the current term, this property presents a attractive proposition for buy-to-let investors seeking predictable returns in a stable rental market.