Park Lane House, Sunderland.
Stockton Road, Sunderland, SR2 7AQ
- 1
Key features
Guide Price: *
£27,000
Fees apply
Buyer's fee:£6,000
Legal fee:£2,100
All fees include VAT at 20%
Auction Type:
† Traditional
Opening bid:
£17,500Bid history
0 bidsThe Good Estate Agent are delighted to bring to market via secure online auction, an amazing student let with high yield in Sunderland.
For sale by Traditional Online Auction – T&C's apply
Located on the outskirts of the city centre in a prime location, the secure complex is ideally positioned for access to all local amenities, a vibrant nightlife and a city centre that is subject to significant investment and development in recent years with more modern developments on the way.
Ideally positioned within a large student community, with ease of access to all regional and national transport links as well as within walking distance of the university and college campuses including the medical school.
The property has a 100% occupancy rate history and has been fully let through academic year 2025/26. This is great turnkey investment opportunity with income from Day 1.
The property currently yields a gross annual income of £6,760 with a service charge rate of £2,880, providing net annual income of £3,880. The service charge covers all aspects of on-going maintenance and management with tenants supported by a dedicated on-site team.
The property provides a high yield investment opportunity in a city that is experience significant development and growth.
Annual Income = £6,760
Annual Maintenance and Service Charge = £2,880
NET Annual Profit = £3,880
Management pack with breakdown of full income history available on request.
The accommodation comprises:
Entry:
Secure entry system at the front aspect of the property.
Concierge Reception:
The concierge reception located at the front of the building provides peace of mind
Communal lounge and TV area:
Well proportioned and providing a community atmosphere for residents.
Communal Kitchen, Dining and Living area:
Quality communal facilities which are well maintained.
Room with en-suite:
En-suite room with double bed, wardrobes and computer desk area.
The Good Estate Agent are delighted to bring to market via secure online auction, an amazing student let with high yield in Sunderland.
For sale by Traditional Online Auction – T&C's apply
Located on the outskirts of the city centre in a prime location, the secure complex is ideally positioned for access to all local amenities, a vibrant nightlife and a city centre that is subject to significant investment and development in recent years with more modern developments on the way.
Ideally positioned within a large student community, with ease of access to all regional and national transport links as well as within walking distance of the university and college campuses including the medical school.
The property has a 100% occupancy rate history and has been fully let through academic year 2025/26. This is great turnkey investment opportunity with income from Day 1.
The property currently yields a gross annual income of £6,760 with a service charge rate of £2,880, providing net annual income of £3,880. The service charge covers all aspects of on-going maintenance and management with tenants supported by a dedicated on-site team.
The property provides a high yield investment opportunity in a city that is experience significant development and growth.
Annual Income = £6,760
Annual Maintenance and Service Charge = £2,880
NET Annual Profit = £3,880
Management pack with breakdown of full income history available on request.
The accommodation comprises:
Entry:
Secure entry system at the front aspect of the property.
Concierge Reception:
The concierge reception located at the front of the building provides peace of mind
Communal lounge and TV area:
Well proportioned and providing a community atmosphere for residents.
Communal Kitchen, Dining and Living area:
Quality communal facilities which are well maintained.
Room with en-suite:
En-suite room with double bed, wardrobes and computer desk area.
Summary
- Auction end
- 7th Jan at 12:00
- Property type
- Flat
- Tenure
- Leasehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- A
Guide Price: *
£27,000
Fees apply
Buyer's fee:£6,000
Legal fee:£2,100
All fees include VAT at 20%
Auction Type:
† Traditional
Opening bid:
£17,500Bid history
0 bidsSummary
- Auction end
- 7th Jan at 12:00
- Property type
- Flat
- Tenure
- Leasehold
- Bedrooms
- 1
- Bathrooms
- 1
- Council tax band
- A
This property is being sold by:
Good Property Auctions - Graham Miller
+447740337934
Sunderland
†Traditional auction
Exchange occurs at the end of the auction. This means that if the reserve is met or exceeded and the auction timer reaches zero, the successful bidder is legally obliged to pay the purchase price and the seller will be legally obliged to sell the property. To ensure that the successful bidder proceeds, the buyer is automatically charged a holding deposit, which is held in a secure client account, pursuant to the terms of a holding deposit agreement.
* Pricing Information
The Guide Price amount specified is an indication of each seller's minimum expectation. It is not necessarily the amount at which the property will sell. Each property will be offered subject to a Reserve (a figure below which the property will not be sold) which we expect will be set no more than 10% above the Guide Price amount.
Bamboo Proptech and Good Property Auctions shall not be liable for any inaccuracies in the fees stated on this description page, in the bidding confirmation pop up or in the particulars. Buyers should check the contents of the legal pack and special conditions for accurate information on fees. Where there is a conflict between the fees stated in the particulars, the bid information box above or the bidding confirmation pop up and the contents of the legal pack, the contents of the legal pack shall prevail.
Stamp Duty Land Tax or Land and Buildings Transaction Tax may also apply in some circumstances.
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Disclaimer
All information relating to this property, including descriptions, pictures and other related information has been provided by Good Property Auctions . All legal documents in relation to this property have been provided by the Vendor's solicitor. Neither Bamboo Proptech or any individual in employment with Bamboo Proptech makes any warranty as to the accuracy or completeness of any of the property information.
These particulars do not form part of any contract or offer. Buyers should not rely on them as statements of representation and should check that the information is correct by inspection or otherwise. Where there is a conflict between the contents of the legal documents and these particulars, the information contained in the legal documents shall prevail.