About the property

RARE 2 BED FIRST FLOOR FLAT IN EXCELLENT LOCATION WITH GARAGE AND BENEFITTING FROM NEW LEASE EXTENSION AT A COST OF @ £18k TO CURRENT OWNER - WILL APPEAL AS LOW COST HOME OR TO INVESTORS WITH POTENTIAL YIELD OVER 10%. Good Life Homes are delighted to bring to the market this rare opportunity to acquire a low cost home or excellent buy to let investment. The vendor has recently extended the lease at a cost of over £18,000 so the new owner will get the maximum benefit of the lease extension without incurring the cost. It is quite common for flats in the area to have a short lease so please do not confuse this flat with others with a shorter lease! For investors, it may of interest to know that the flat comes with a garage and that this could be let with the flat at £450pcm or separately as there is a shortage of garages for use a lock-ups and this could achieve an additional £75pcm rent resulting in a 10%pa plus yield. Internally, the property briefly comprises; entrance door, stairs to first floor landing, spacious lounge with lovely large window, kitchen, two double bedrooms both with built-in cupboards/wardrobes, bathroom. Viewing arrangements can be made by contacting our local office. If you have a property to sell and would valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £995 on a no sale no fee basis which means you will pay us absolutely nothing unless we sell your home! Read more

Property at a glance

  • 2 BED FIRST FLOOR FLAT
  • GARAGE
  • LEASE RECENTLY RENEWED (TO @ 138 YEARS) AT A COST OF AROUND £18k TO VENDOR
  • EPC RATING C
  • EXCELLENT MOORSIDE LOCATION
  • FANTASTIC LOW COST HOME IN EXCELLENT LOCATION OR INVESTOR OPPORTUNITY
  • INVESTORS COULD RENT OUT GARAGE SEPARATELY AT AROUND £75pm plus £450pcm FLAT RENTAL IF FULLY UPDATED CREATING A YIELD OVER 10%pa

Contact agent

Contact agent

Good Life Homes

Good Life House, 46 Windsor Terrace

Sunderland

Tyne and Wear

SR2 9QF

United Kingdom

Tel: 0191 565 6655

info@goodlifehomes.co.uk

Property Photos