Studio flat · NE37 1EZ
For saleListed 695 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Parsons House, a development of 40 contemporary apartments located in the up-and-coming town of Washington, Sunderland.
Situated in a thriving area of growth and regeneration, this development is perfectly positioned to cater to the growing demand for high-quality homes, especially among young professionals working in the area’s booming commercial sector.
Key employers nearby include the renowned Nissan plant-the UK’s largest automotive manufacturing facility-as well as asda, Rolls Royce, Amazon and BAE systems to name just a few.
For investors, Parsons House presents an exceptional opportunity with apartments available below market value.
Built to an impeccable standard, each unit boasts high-end fixtures and fittings, ensuring both quality and appeal.
With a significant shortage of modern, well-built housing in the area, the development is poised for strong rental returns and long-term growth potential.
Parsons House isn’t just an investment-it’s your gateway to one of the most promising property markets in the North East.
Value & comps
No previous sales on record.
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 asking
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 advisors 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 PH8, Parsons Road, Washington
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