Studio for sale in All Saints, Portobello Lane, Sunderland SR6

All Saints, Portobello Lane, Sunderland, Sr6 0Dn

**please note! Due to the size and lease restrictions on purpose-built student accommodation, this property is not eligible for a mortgage and can only be bought as an investment property - cash buyers only need apply!

We are pleased to offer the opportunity to invest in this fully furnished luxury studio apartment. The studio is situated in the popular student development, All Saints House.

All Saints House is in the heart of Sunderland and benefits from being only 0.7 miles from the City Centre and only 1 mile from the University of Sunderland Campus, making it an extremely sought-after accommodation amongst students.

All rooms contain a personal kitchen, en-suite shower room and study area. Additional benefits include onsite wifi and ample parking making this one of the most attractive developments for students in the area.

Over the last 20 years, Sunderland has invested substantially in the universities with around £130m in funding going towards improving its extensive facilities. This has only made the student population grow to near-20,000 strong, of which 41% are from overseas and desire private student accommodation in the area. This makes Sunderland a perfect place to invest in student accommodation as the demand has never been higher!

Please note: The figures are based on a provisional booking for the next academic term. The service charge figures are for the year 2023/2024 and are due to be reviewed in September and therefore this could be subject to change.

Financial Breakdown

Gross Rent: £7,227.50
Net income: £3,300.26
Gross yield: 24.09%
Net yield: 11%
Please contact agent for full financial breakdown.

Important note to purchasers: These particulars, whilst believed to be accurate are set out as a general outline only for guidance, and do not constitute any part of an offer or contract. Neither Yieldit nor the vendor or lessor accept any responsibility in respect of these particulars, which are not intended to be statements or representations of fact and any intending purchaser or lessee must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars.

Yieldit ref: Yl-07901