Pattinson Estate Agents are delighted to offer to the market this versatile one-bedroom cottage, set in the sought-after Millfield area of Sunderland. This charming property presents a fantastic opportunity for both first-time investors and those looking to expand their portfolio, with a tenant currently in situ and a ready-made annual income of £6,600.
Location Benefits
The property is ideally situated for convenient access to a wide range of local amenities, shopping facilities, and highly regarded educational institutions. Its prime location also serves as an excellent base for commuting to Sunderland city centre and the wider North East region, thanks to comprehensive road networks and public transport links. The Metro train station is only a short stroll away, ensuring ease of travel for residents.
Accommodation ( Please note, we have not internally inspected this property and internal images are reflective of a previous condition)
•Entrance Hall: A welcoming space that sets the tone for the rest of the property.
•Living Room: Spacious and comfortable, with potential to be repurposed or adapted to suit your needs.
•Open Plan Kitchen: Well appointed , offering flexibility for modern living arrangements.
•Bedroom: A well-proportioned double bedroom, perfect for relaxation.
•Bathroom: Fitted with essential fixtures and amenities for convenience.
External Features
To the rear of the property, there is a convenient yard area, suitable for outdoor storage or as a small seating area.
Versatile Layout
This cottage offers excellent versatility, allowing the existing layout to be adapted according to your requirements. The current living room can be repurposed, and the open plan kitchen and lounge configuration provides a flexible space ideal for modern lifestyles.
Investment Highlights
•Tenant in Situ: The property is being sold with a reliable tenant already in place, ensuring immediate rental income.
•Annual Income: The property currently generates £6,600 per annum, making it a highly attractive investment opportunity.
•Desirable Location: Popular with tenants due to close proximity to transport links and amenities.
•Ready-made Portfolio Addition: Perfect for new or established landlords.
Arrange a Viewing
This ready-made investment is expected to attract significant interest. Early viewing is strongly recommended to avoid disappointment. For further details or to arrange a viewing, please contact our Sunderland team.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Pattinson - Sunderland. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Pattinson - Sunderland for full details and further information.