We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · SR1 1HR
For saleListed 4 daysAuction 17 Nov · in 22 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 16th November at 1pm and ending 24 hours later on Tuesday 17th November from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast TENANTED INVESTMENT OPPORTUNITY!
Modern studio apartment in Sunderland city centre, generating £5,400 per annum, ideal for buy-to-let investors seeking immediate rental income.
An excellent opportunity to acquire a tenanted studio apartment situated within the prominent Horizon House development in the heart of Sunderland city centre.
The property is currently let at £450 per calendar month, generating an annual rental income of £5,400, making it an attractive proposition for investors seeking an immediate rental return.
The apartment offers compact, self-contained accommodation extending to approximately 13 sq m (140 sq ft), comprising an open-plan living/bedroom area, fitted kitchenette with cooking facilities and storage cupboards, and a separate modern shower room with WC and wash hand basin.
The accommodation benefits from contemporary fittings, neutral décor and large windows providing plenty of natural light and elevated views across the surrounding area.
Horizon House is a substantial residential development conveniently positioned within easy reach of Sunderland city centre, offering access to a wide range of shops, restaurants, leisure facilities and public transport links.
Sunderland University and the city's transport connections are also readily accessible, making the location appealing to the rental market.
An ideal addition to an existing investment portfolio, offering immediate rental income from an established tenancy.
Accommodation Open-Plan Living/Bedroom – 3.2m x 2.3m Kitchenette – 1.4m x 1.8m Shower Room – 2.3m x 1.6m Entrance Hall – 0.9m x 1.7m Total Floor Area: Approximately 13 sq m (140 sq ft) Tenure Leasehold Tenancy Details The property is currently tenanted, achieving £450 per calendar month (£5,400 per annum).
Further tenancy information is available upon request.
Council Tax Band A EPC Rating C Important Information Prospective purchasers are advised to review the legal pack prior to bidding, particularly in relation to the lease terms, service charges, ground rent and any additional costs associated with the property.
Tenure: Leasehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Apartment 412, Horizon House, Borough Road, Sunderland, Tyne and Wear SR1 1HR
Explore nearby
