2-bedroom flat · SR1 1RE
For saleListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This superb second floor apartment is located on Fawcett Street within The Athenaeum Building set in the heart of Sunderland City Centre offering stylish and contemporary city centre living space.
The apartment forms part of an impressive conversion the apartment is set within a 19th Century historic building that was converted into six individual apartments with retail units below.
The apartment provides convenient access to many shops, bars, restaurants and amenities as well as being within walking distance of Sunderland Train and Metro Station.
The living accommodation briefly comprises of; Living Room, Kitchen Area, Shower Room and 2 Bedrooms. The apartment benefits from contemporary decor and will not fail to impress all who view.
Viewing is highly recommended to fully appreciate the lifestyle property on offer. There is NO ONWARD CHAIN INVOLVED with the sale.
Living Room - 8.05 max x 5.64 max (26'4" max x 18'6" max ) - The Living Room has two windows to the front elevation with secondary glazing, laminate floor, recessed spot lighting, a useful recessed storage cupboard, telephone video door entry system, three radiators, opening to: Kitchen Area - 2.38 x 3.34 (7'9" x 10'11") - The Kitchen has a range of floor and wall units, tile splashbacks, cupboard with wall mounted gas boiler.
electric oven, electric hob, water filter, recessed spot lighting, plumbed for dishwasher Bedroom One - 3.84 x 2.82 (12'7" x 9'3") - Front facing, single glazed sash style window with secondary glazing, radiator Bedroom Two - 3.04 x 3.04 (9'11" x 9'11") - Skylight, recessed storage cupboards, recessed spot lightning, radiator Shower Room - Modern white suite comprising low level wc and wash hand basin with mixer tap set on a vanity unit, walk in shower with Rainfall style shower head and an additional shower attachment, recessed spot lighting, extractor, towel radiator Free Valuations - We are pleased to offer a free valuation service for prospective purchasers considering a sale of their own property.
We can advise you with regard to marketing, without obligation Mortgage Advice - Mortgages can be arranged via our Financial Advisers subject to status.
Your home may be repossessed if you do not keep up repayments on your mortgage. Council Tax - The Council Tax Band is Band C.
Tenure - We are advised by the Vendors that the property is Leasehold for 125 years from 2003 with 104 years remaining. Any prospective purchaser should clarify this with their Solicitor.
The service charge payable to 31.03.2025 was £2464.63, however, it has been advised that the current year service charge has yet to be received by the current owner from the managing agent.
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
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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 Fawcett Street, City Centre, Sunderland
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