1-bedroom flat · NE37 1EZ
For saleListed 697 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Completed & income producing | high-yield buy-to-let opportunity Parsons House offers a rare opportunity to acquire ready-built, income-generating apartments in the fast-growing town of Washington, Sunderland.
With units currently tenanted and producing immediate rental income, this is an ideal high-yield investment for landlords and portfolio builders.
Set in an area undergoing rapid regeneration, Parsons House is well-positioned near major employers including Nissan (UK's largest automotive plant), Amazon, Rolls-Royce, asda, and BAE Systems-ensuring strong rental demand from professionals.
Each of the 40 apartments has been completed to a high specification with modern fixtures and fittings, appealing to quality tenants.
Properties are available below market value, providing investors with built-in equity and strong capital growth prospects.
With a chronic undersupply of high-quality rental accommodation in the region, Parsons House is not just another buy-to-let-it's a strategic foothold in one of the North East's most promising property markets.
Key Highlights: Completed & tenanted units immediate rental income high yields & below market value Modern, fully fitted apartments Strong tenant demand - Close to Nissan, Amazon, asda, and more Ideal for portfolio investors
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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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.
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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 PH1, Parsons Road, Washington
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