Standout Features
- SUBSTANTIAL THREE STOREY BUILDING
- ACCOMODATION OF OVER 2500 ft2
- SEVEN BEDROOMS IN TOTAL
- PREVIOUSLY EXPIRED HMO LICENSE
- ON THE EDGE OF SUNDERLAND CITY CENTRE
- FREEHOLD
- COUNCIL TAX BAND - A
- EPC RATING - E
Property Description
Investors, take note of this exceptional opportunity: a substantial three-storey property located just on the edge of Sunderland City Centre, directly opposite Mowbray Park. Offering over 2500 ft² of living space, this property is currently rented on a single let Assured Shorthold Tenancy (AST) at £595 per month. Yet, its prime location and previous HMO license indicate a lucrative potential for conversion into a multi-let property.
Envision transforming this space into a high-yielding investment with 7 potential bedrooms, ideal for a House in Multiple Occupation (HMO) or student accommodation, significantly amplifying cash flow. The structure's unique design, widening towards the rear due to its position on a terraced street bend, adds to its appeal.
The ground floor features a spacious front living room followed by an even larger room at the rear. At the end of the hallway, an open-plan dining area leads to a fitted kitchen. The first floor houses the main bathroom with an additional WC and four bedrooms. The upper floor contains two more bedrooms and an unused bathroom, offering scope for further development.
For investors focusing on generating income, this property's combination of location, size, and versatility presents a not-to-be-missed opportunity to create a profitable investment in a high-demand area.
Envision transforming this space into a high-yielding investment with 7 potential bedrooms, ideal for a House in Multiple Occupation (HMO) or student accommodation, significantly amplifying cash flow. The structure's unique design, widening towards the rear due to its position on a terraced street bend, adds to its appeal.
The ground floor features a spacious front living room followed by an even larger room at the rear. At the end of the hallway, an open-plan dining area leads to a fitted kitchen. The first floor houses the main bathroom with an additional WC and four bedrooms. The upper floor contains two more bedrooms and an unused bathroom, offering scope for further development.
For investors focusing on generating income, this property's combination of location, size, and versatility presents a not-to-be-missed opportunity to create a profitable investment in a high-demand area.
Material Information
- Tenure: Freehold
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Egerton Street, Sunderland, Tyne And Wear
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