Sunderland is a very strong sales market at the moment, up 5.6% over the last 3 months compared to a national increase of 2.3% and a regional increase of 4.6%.
We recently sold a property on Duncan Street in Pallion, Sunderland, SR4, attracting substantial interest with 21 offers. The sale achieved an impressive 11% yield, delivering an excellent return for the investor.
Sunderland has consistently been a strong investment area. We sourced a property on Eastbourne Square, SR5, which initially rented for ยฃ575 pcm in 2021. Today, we've successfully let it for ยฃ650, highlighting the area's increasing rental value.
๐๐๐ ๐๐๐จ๐ฉ ๐๐ง๐๐๐จ ๐ฉ๐ค ๐๐ฃ๐ซ๐๐จ๐ฉ ๐๐ฉ ๐ฉ๐๐ ๐ข๐ค๐ข๐๐ฃ๐ฉ ๐๐ง๐:
- Silksworth, SR3
- Pallion, SR4
- Hendon, SR2
- Plains Farm, SR3
You can pick up a 2/3 bedroom house for around ยฃ90k -ยฃ95k which will rent for ยฃ650 - ยฃ750pcm
At NGU Homes, we pride ourselves on our comprehensive understanding of the local sales market and our commitment to maximizing returns for our landlords.
If youโre interested in valuing your property for sale, we have a user-friendly instant valuation tool, where you can receive an estimate of your property's value / rent within minutes.
Click the button below, enter your property details, and get an instant valuation at your fingertips.
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