Overview
Freehold 4-bedroom HMO on Leechmere Road, Sunderland SR2. Fully refurbished, currently vacant and ready for immediate re-letting. Previously generating £1,950 pcm under a Rent-to-Rent agreement; projected to achieve the same on re-let. Identical specification to the Gardiner Crescent property in Chester le Street. Asking £150,000.
The Numbers
Asking Price: £150,000 | Buyer Fee: £3,000 | Projected Rent: £1,950 pcm / £23,400 p.a. | Projected Gross Yield: 15.6% | Bedrooms: 4 | Tenure: Freehold | Status: Vacant — ready to let
The Deal
Projected 15.6% gross yield based on previously achieved R2R rents of £1,950 pcm. Strong institutional demand — proximity to Sunderland Royal Hospital and the University of Sunderland drives consistent tenant interest. Fully refurbished to HMO compliance standards: fire safety, room sizing and amenity requirements met. Clean freehold. SR2 consistently ranks among the highest-yielding postcodes in the North East for HMO stock.
Investment Pack
Pack includes the R2R agreement structure, void model, proof of previously achieved rents, refurbishment scope and spec, HMO compliance documentation, and projected cash flow. Sent same-day on request.