Excellent three-bedroom first floor apartment which compromises of; spacious living area; fitted kitchen; family bathroom and access to rear yard. The property is fully furnished and carpeted throughout and has gas central heating. The property is conveniently situated close to Sunderland City Centre with ample on street parking.<br /><br />SR2 is a relatively popular area with 506 transactions recorded in the past 12 months, which is 176.6% higher than the national average. This is also 3.8% lower than the year prior which had 526 transactions. The average house price in Sunderland, SR2 is £163,246 and the average rent is £916 according to Mouseprice. Properties in Sunderland had an overall average price of £165,494 over the last year. Overall, sold prices in Sunderland over the last year were 9% up on the previous year and 12% up on the 2019 peak of £148,350. (Source Rightmove)<br /><br />Sunderland has recently undergone a £2m improvement of the High Street and there are plans to regenerate the Miners Quarter which is seeking to create a cultural quarter and improve infrastructure. Sunderland City Council have also unveiled The Riverside Sunderland Masterplan, backed by a £100m investment, which aims to transform Sunderland to a city centre destination and bring new residents and workers to the city. There are also plans for a state-of-the-art library and community hub – the Culture House – that will attract 600,000 visitors a year to a new site in Keel Square. Such plans will inevitably create more jobs and increase the demand for rental properties which means now is a great time to invest in property there! Enquire today to avoid disappointment.<br /><br /> Financial Breakdown<br /><br /> Gross rent: £4,800 <br /> Lettings fees: £480 <br /> Net income: £4,320 <br /> Gross yield: 10.67% <br /> Net yield: 9.6% <br /> <br /> IMPORTANT NOTE TO PURCHASERS: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.<br /><br /> <br /> <br /> yieldit ref: YL-17362