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See how verdicts work2-bedroom flat · SR1 1XH
Sold STCListed 283 days
Opportunity summary
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About
Auction Commencing on Monday 23rd February at 1pm and ending 24 hours later on Tuesday 24th February at 1pm with Auction House North East Please register to bid via our website - auctionhouse.co.uk/northeast TENTH FLOOR APARTMENT WITH AMAZING CITY VIEWS!
CURRENTLY LET, ACHEIVING £850PCM (£10,200 ANNUALLY) A well presented tenth floor, city-facing two bedroom duplex apartment extending to approximately 819 sq.ft, enjoying impressive views across Sunderland, the River Wear and the Wearmouth Bridge.
The property benefits from an allocated parking space and excellent transport links.
The accommodation briefly comprises a communal entrance with lift and stair access to the tenth floor, private entrance hallway, two double bedrooms including a main bedroom with en-suite shower room, a separate main bathroom, and stairs leading to an upper-floor spacious open-plan living, dining and kitchen area.
The elevated position provides excellent city views. The apartment is currently let on an AST expiring September 2026, producing an annual rental income of £10,200 (£850 pcm).
The annual service charge for FY2025 is £4,858.24, with an annual ground rent of £389.00. Full tenancy and lease details are available within the legal pack.
Situated within the iconic Echo Building on the south bank of the River Wear, the property is ideally located for Sunderland city centre amenities, rail and Metro services, and major road links.
Service Charges The seller informs us of the following charges: Annual Service Charge payable £5,463.16 Ground Rent payable £389 per annum Tenure: Leasehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £900 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.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 Flat 178, Echo Building, West Wear Street, Sunderland, Tyne and Wear SR1 1XH
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