Fully Refurbished Block of 5 Apartments | Egerton Street, SR2 8DT | 11.39 Percent Gross Yield
Purchase Price: £295,000
Agreed Rental Income: £2,800 PCM (£33,600 per annum)
Situated in an elevated position in Sunderland with direct coastal views out over the sea and sand, this fully refurbished freehold block of five 1 bedroom self contained apartments offers a turnkey, hands off residential investment. Offered at £295,000 with five tenants lined up, this property produces immediate double digit cash flow from day one.
Key Investment Highlights
Immediate Turnkey Income: Five pre agreed tenancies at £560 PCM generate £2,800 per month (£33,600 per year), delivering a strong 11.39 percent gross yield with scope to reach 12 percent through corporate or social housing letting models.
High Specification Refurbishment: Completed to a high standard with full legal compliance, including integrated fire alarm systems, fire doors, fire frames, soft close doors, and individual electric sub meters throughout.
Flexible Lettings Strategy: Fully setup for standard working professionals, student lets, or high yield social housing/emergency accommodation contracts.
Prime Coastal SR2 Location: Features direct sea views while remaining close to key city infrastructure, including Sunderland University campuses, city hospitals, local gyms, and major transport links.
A complete, hassle free asset designed for investors seeking fully compliant double digit income without initial refurbishment friction.
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