A fantastic opportunity to acquire this two-bedroom terraced property, offered with a tenant in situ and generating an impressive gross yield of approximately 11% at the asking price, making it an ideal addition to any investment portfolio.
Investment Opportunity- Tenant in Situ:
Currently tenanted at £580 PCM, this property offers an excellent gross yield of approximately 11% at the asking price, making it a standout investment opportunity. With a tenant in situ, there are no void periods, providing immediate and consistent rental income from day one.
Well-Connected Location:
Ideally positioned just 7 minutes from Sunderland City Centre and Sunderland Train Station, and only 6 minutes from Park Lane Metro Station, the property benefits from excellent transport links. The University of Sunderland is also within a 9-minute drive, alongside a wide range of local amenities, enhancing its appeal to tenants.
EPC Rating C:
Benefitting from a strong EPC rating of C, the property offers improved energy efficiency, making it more attractive to tenants and supporting long-term rental demand.
Upon entering the property, you are welcomed into a bright and spacious living room, complete with laminate flooring and a large front-facing window allowing for plenty of natural light. An electric fireplace creates a central focal point to the room.
To the rear, the property features a well-appointed corner kitchen fitted with wooden cabinetry and contrasting black worktops. The space includes an integrated oven and hob, additional wall-mounted storage, and room for white goods, with direct access leading out to the private rear yard.
The first floor comprises two bedrooms, both finished with laminate flooring and suitable for single occupancy, offering flexibility for tenants.
The bathroom is fitted with a bath and an electric overhead shower, providing practicality for everyday use.
Externally, the property benefits from a private rear yard, while to the front there is a garage offering off-street parking and additional storage.
Finchale Close is ideally situated with easy access to a range of local amenities, schools, and transport links. The property is conveniently located near key routes including the A690 and A19, providing excellent connectivity to Durham, Newcastle, and the surrounding areas, making it particularly appealing to commuters and tenants alike.
Council Tax Band: A (Sunderland Council) Tenure: Freehold Parking options: Driveway, Garage Garden details: Rear Garden Electricity supply: Mains Heating: Gas Mains Water supply: Mains Sewerage: Mains