Overview
Freehold block of 6 x 1-bedroom flats in Sunderland SR2. Fully tenanted, generating £40,320 p.a. — 10.34% gross at the £390,000 asking price. Five flats let to professional tenants on ASTs; one council tenant on housing benefit (topped up by tenant).
Rent Schedule
Flat 1 (Ground): £550/month — AST from Aug 2024 — Professional tenant
Flat 2 (Ground): £560/month — AST from Jul 2024 — Professional tenant
Flat 3 (Ground): £625/month — AST from Aug 2024 — Professional tenant
Flat 4 (1st Floor): £550/month — AST from Aug 2023 — Notice given, re-letting
Flat 5 (1st Floor): £625/month — AST from Jul 2023 — Professional tenant
Flat 6 (2nd Floor): £450/month — AST from Jul 2023 — Council tenant (HB)
Total Monthly Rent: £3,360 | Annual Rent: £40,320
The Deal
Six self-contained units under one freehold title — diversified income, single legal entity. Tenants pay gas and council tax; landlord covers electric, water and internet on Flats 1–5. Flat 6 tenant covers their own utilities. Notice already in hand on Flat 4, with the re-let positioned at market rate.
Key Numbers
Asking Price: £390,000 | Gross Income: £40,320 p.a. | Gross Yield: 10.34% | Units: 6 x 1-bed | Tenure: Freehold | Status: Fully tenanted (1 unit re-letting)
Investment Pack
Pack includes the full rent roll, AST copies, utility cost breakdown by flat, EPCs, and a five-year cash-flow model. Sent same-day on request.