2a Park Terrace — Southwick, Sunderland, SR5

Overview

A two-bedroom top-floor Tyneside flat at 2a Park Terrace, Southwick, Sunderland, offered at an asking price of £50,000. The flat is tenanted at £450 per month, £5,400 per annum, 10.8% gross at the asking price, and the rent sits below the £550 to £650 comparable flats achieve locally. The lease runs to 900 years at a peppercorn ground rent with no service charge, so the title behaves like a freehold in practice.

Investment highlights

• 10.8% gross at the £50,000 asking price, with the tenant in place for over a year
• Under-rented at £450 per month against £550 to £650 evidenced on comparable local flats
• 900-year lease at a peppercorn ground rent, no service charge
• Own entrance and a private rear yard, gas central heating, EPC D
• An entry-level ticket in a settled Sunderland rental postcode

Location & demand

Southwick sits on the north bank of the Wear, a short run from Sunderland city centre and the A19. Two-bed flats at this price point let quickly to local working tenants, and the evidenced rents above the passing figure give a new owner an immediate case at the next review.

The numbers

Asking price	£50,000
Passing rent	£5,400 per annum, £450 per month
Gross yield at asking	10.8%
Evidenced market rent	£550 to £650 per month on comparable flats
Lease	900 years at a peppercorn, no service charge
EPC	D