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Ridley Street, Sunderland

Sunderland, United Kingdom

£139,500.00

Investment Type: BUY-TO-LET

Est. Completion: AVAILABLE

  • Yield yielding investment property
  • Current tenants in situ on periodic contracts
  • 10% Net yield returns
  • Freehold property
  • Fully converted in 2008
  • New roof work in 2020

Pure Investor are pleased to present this amazing investment opportunity in Sunderland consisting of a 1-bedroom ground floor and 2 bedroom first floor apartment. The apartments include a parking space each via a electric roller shutter to the rear. The apartments are both currently tenanted returning £1,150 overall with both tenants being on periodic contracts. The property was fully converted from single 4 bed hours to two apartments in 2008. Full back to brick refurb, split utilities, and services, with everything being new. In 2020 there was a new roof, fascia, soffits and windows.

INVESTMENT INFORMATION
- Address: 3 Ridley Street, Sunderland SR52JN
- Asking price: £139,500
- Current rental income: £1,150pcm (£13,800 per annum)
- Yield: 10%
- Number of bedrooms: 3
- Number of bathrooms: 2
- Tenure: Freehold
- Sqft: 1,400
- Apartment 1 & 2 on periodic contracts
- Currently managed by local agency who do everything as landlord has a hands off approach as not local

Payment Plan
1. Reserve your unit with a signed reservation form
2. Provide certified ID, proof of address and proof of funds to Pure Investor
3. Pay a £2,500 non-refundable sourcing fee. 50% upfront and the remaining balance on completion.
4. Remaining balance due on completion

Ridley Street, Sunderland - Key Points

Location

Location

Sunderland, United Kingdom

Contact Us

If you would like further details about Pure Investor or any of our property investment opportunities, please contact us using the form below or call us directly.

Any Questions?

Call: +44 (0) 161 337 3890

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