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See how verdicts work2-bedroom flat · SR1 2AT
For saleListed 30 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Excellent first floor modern purpose built riverside apartment enjoying panoramic views to both Easterly and Westerly aspects of the River Wear.
Internally the accommodation briefly comprises; communal entrance with lift to first floor, reception hallway, 'L' shaped living room ideal for both lounge and dining purposes, balcony, fully fitted kitchen with full compliment of appliances, two double bedrooms and bathroom/WC.
At basement level there is one allocated parking bay.
Modern features include double glazing, night storage heating, satellite television access, kitchen appliances, spotlighting, entrance phone, lift access and security alarm.
Currently tenanted at £675 pcm. Agents Note The development has cladding to the upper floors which we understand does not meet current standard under The Building Safety Act 2022.
Remedial works will be required and the cost of this may be charged back to the Leaseholders via the management company.
Property Information Tenure - Leasehold Lease – 125 years from 01/01/2004 Service charge 2026 £3253 Ground rent 2026 £317.75 per annum Buildings & terrorism insurance 2026 £945.39 Please note these are the most recent figures we have & are subject to change.
These charges are correct to the best of our knowledge. Prospective purchasers should clarify this information with their solicitor prior to exchange of contracts.
Council Tax Band B Communal Entrance The accommodation comprises communal entrance accessed via security entrance phone system. Lift to first floor.
Entrance Hall Accessing main body of the accommodation with storage cupboard and into Living Room 5.05m (16' 7") narrowing to 2.62m x 5.44m (8' 7" x 17' 10") narrowing to 3.00m (9' 10") approximately Enjoying panoramic views over the River Wear, offering ample space for lounge and dining purposes with satellite television access, glass paned door to balcony, telephone point, spotlighting and into Fitted Kitchen 2.29m x 2.31m (7' 6" x 7' 7") approximately Fitted with a beech style range of contemporary units to wall and base with brushed steel furniture and laminated roll top work surfaces over incorporating a four ring halogen hob with brushed steel extractor hood over.
Other benefits include split level oven, microwave, fridge and freezer, dishwasher and washer dryer.
Bedroom One 3.78m x 2.82m (12' 5" x 9' 3") approximately Well proportioned double bedroom with television aerial point, telephone point and glass paned door to rear balcony.
Bedroom Two 2.46m x 3.78m (8' 1" x 12' 5") approximately Well proportioned double bedroom.
Bathroom/WC Equipped with a white three piece suite with chrome furniture including low level WC, pedestal hand basin and panelled bath with bath shower attachment.
Other benefits include part marble wall tiling, extractor fan and chrome heated towel rail.
Externally To both front and rear there are balconies ideal for enjoying warmer Summer months Accessed via sensor operated gates offering one allocated parking bay together with further visitor parking.
Agents Note The administration fee is 50% of a months rent + VAT
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 57, River View, Sunderland
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