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Lumley Street, Sunderland 3 bed terraced house for sale
Lumley Street, Sunderland
£85,000
Lumley Street, Sunderland
£85,000
Our Summary
- Spacious 3-Bedroom End Terrace House in Sunderland – Ideal Investment OpportunityThis well-presented three-bedroom end-terrace house offers an excellent opportunity for both homeowners and investors
- Overview:Address: Lumley Street, Sunderland, SR4 7DZTenure: FreeholdCouncil Tax Band: AEPC Rating: D (Potential: C)Size: 807 ft² (75 m²)For InvestorsRental Yield: 9
Description
This spacious 3-bedroom end-terrace house in Sunderland offers an excellent investment opportunity for both homeowners and investors. The property features multiple upgrades, including a modern gas-fired boiler, French doors from the lounge, and a spacious rear "yarden" with electric roller shutters for off-road parking with added security. Currently let to professional tenants with a homeowner guarantor, the property generates £695 per month, delivering a strong gross rental yield of 9.8%. The property is well-presented, with recent upgrades including a new gas-fired boiler installed in May 2023 and up-to-date EICR and gas certificate. Sunderland's affordable property market and strong rental demand make this an excellent investment, with estimated capital required of circa £31,500. The property is located near good local schools, shops, services, and transport links, and offers ultrafast 1000 Mbps broadband and good mobile coverage. With a very low flood risk, this turnkey investment offers strong rental income in a very popular location.