Azalea Terrace North, Sunderland, SR2

Overview

A freehold block of six one-bedroom flats in Sunderland’s Ashbrooke (SR2), fully tenanted and generating £40,320 per annum, a gross yield of approximately 10.34%. The block sits on a single freehold title in an established residential area.

Investment highlights

• Freehold block of six one-bedroom flats
• Fully tenanted, £40,320 p.a. (approximately 10.34% gross)
• Single freehold title
• Established residential area (Ashbrooke, SR2)
• Clean, hands-off holding

Location & demand

Ashbrooke, Sunderland’s established Victorian suburb immediately south of the city centre, is where Azalea Terrace North stands. It is a conservation area of tree-lined terraces and converted period blocks, within walking distance of Mowbray Park and the University of Sunderland’s City Campus.

Single professionals and university staff supply steady one-bed demand as a result. The block itself is fully tenanted, producing £40,320 per annum at a gross yield of approximately 10.34%, and it sits on a single freehold title in an established residential part of SR2 — a clean, hands-off holding where an investor takes on six settled one-bedroom tenancies rather than a project.

The numbers

Asking price	£390,000
Gross rent	£40,320 per annum
Gross yield	Approximately 10.34%
Tenure	Freehold — single title
Units	6 × one-bedroom flats
Occupancy	Fully tenanted