Skip to content
SOLD STC

All Saints House, Portobello Lane, Sunderland, SR6

Key features

  • 10.1% NET Yield
  • Now Tenanted For The 2023/24 Academic Year
  • Professionally Managed Investment
  • 1st Floor Fully Furnished Premium Studio Apartment
  • Double Bed, Study Area, Kitchenette & Ensuite Shower Room
  • Superb On-Site Facilities; Gym, Common Room & Laundry Room
  • Excellent Public Transport Links
  • Walking Distance to Local Shops, Bars & Restaurants
  • 0.5 Mile to the University Of Sunderland
  • 0.5 Mile to Sunderland City Centre

Description

NOW TENANTED FOR THE 2023/24 ACADEMIC YEAR!
OVER 10% NET YELD!
FULLY MANAGED!

Mr Investa are delighted to offer for sale this premium studio apartment on the 1st floor of All Saints House - a superb development which is now fully occupied for 2023/24, generating immediate income and making this a perfect addition to any investment portfolio. Ideally located close to the University of Sunderland in Sunderland City Centre and Sunderland Royal Hospital.

All Saints House is a 90 unit student development based in Sunderland with fantastic facilities including a gymnasium, communal lounge, cycle storage, laundry room, communal courtyard and car parking facilities

Located on Portobello Lane and just 4 minutes from the Stadium of Light Metro, students at All Saints House are ideally located for student life in Sunderland.

The property briefly comprises; open plan bedroom / living / kitchen with ensuite.

Financial Performance for the 2023/24 Academic Year:
Rental Income: £135pw / £6,885 per annum on a 51-week contract.
Service Charge: £2,746.24 per annum
Lettings Fee 11% + VAT: £908.82 per annum
Ground Rent: £200 per annum

NET INCOME: £3,029.94 per annum
NET YIELD: 10.1%

NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be check via yourself or legal representative. Mr Investa does not accept any responsibility in respect of this information provided.

Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.

GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.

£200 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.

ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.

£2746.24

LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.

Ask agent

Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.

Ask agent

All Saints House, Portobello Lane, Sunderland, SR6

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Stadium of Light Metro Station0.2 miles
  • St Peter's Tram Stop0.4 miles
  • Sunderland Station0.7 miles
Check how much you can borrow
Get a Mortgage in Principle
You'll have a personalised result in just 20 minutes and you could get viewings faster when you find the home you want, with no impact on your credit score.
Recently sold & under offer
See similar nearby properties

About the agent

Mr Investa Ltd, Salford

Mr Investa, Blue Tower, MediaCityUK, M50 2ST

Mr Investa Ltd, Salford

We offer a unique and bespoke service for Landlord to Landlord Sales.

Here at Mr Investa we understand that not ever investor is the same, not every seller or buyer have the same requirements.

Using the latest technology in the property market to give our clients a full insight to the properties and areas we offer from the comfort of their home or on the go. We do this by providing a virtual tours, floor-plans and financial performance for each property.

Our aim is to take t

More properties from this agent

Industry affiliations

Ombudsman for Estate Agents and Lettings Estate Agents

Notes

These notes are private, only you can see them.

Staying secure when looking for property

Ensure you're up to date with our latest advice on how to avoid fraud or scams when looking for property online.

Visit our security centre to find out more

Disclaimer - Property reference MSN-77131608. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mr Investa Ltd, Salford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.

**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

Map data ©OpenStreetMap contributors.

Your search history

You have no recent searches.