2-bedroom flat · SR1 2AT
For saleListed 684 days
Opportunity summary
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About
Notably spacious, top floor riverside luxury modern apartment enjoying panoramic views across the River Wear and over to North Sea.
The accommodation briefly comprises; lift access to fifth floor, reception hall, living room ideal for lounge and dining purposes, fully fitted kitchen, two double bedrooms, bathroom/WC, riverside balcony and allocated parking for one car.
Modern features include night storage heating, double glazing & entrance phone system. The property is currently tenanted and therefore represents an ideal investment opportunity.
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 Ground Rent 01/01/2025 – 31/12/2025 - £317.71 per annum Service Charge 01/01/2024 – 31/12/2024 - £3868.86 per annum 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 Balconies Located to both front and rear of the apartment. The principal balcony overlooks the riverside elevations and provides stunning views.
Parking Accessed via sensor operated gates with one allocated parking bay. Entrance Hall With lift access to fifth floor.
Reception Hall Providing access to main body of the accommodation with cloak storage, spot lighting, laminate floors and into: Living Room ('l' Shaped) 5.05m (16' 7") narrowing to 2.64m x 6.50m (8' 8" x 21' 4") narrowing to 4.52m (14' 10") approximately Wonderfully spacious room ideal for lounge and dining purposes with oversized windows taking full advantage of the river views.
Glass paned doors lead onto balcony.
Other benefits include continuation of the laminate flooring, spot lighting, satellite television access, telephone point and into: Fitted Kitchen 2.31m x 2.31m (7' 7" x 7' 7") approximately Fitted with a comprehensive range of maple style laminate units to wall and base with brushed steel furniture and laminated roll top work surfaces over incorporating a stainless steel drainage sink with chrome monobloc tap fitting and four ring halogen hob, over which there is a brushed steel filter hood.
Other benefits include split level electric oven, microwave, continuation of the laminate flooring, fridge freezer, dishwasher, tiled splash backs and spot lighting.
Bedroom One 3.76m x 4.32m (12' 4" x 14' 2") approximately Highly substantial double bedroom with satellite television access.
Bedroom Two 3.76m x 2.84m (12' 4" x 9' 4") approximately Substantial double bedroom with oversized windows and glass paned door leading to secondary balcony.
Bathroom/WC Fitted with a white three piece suite with chrome furniture including low level WC, pedestal hand basin and panelled bath over which there is a shower curtain and bath shower attachment.
Other benefits include tiled flooring and part wall tiling, spot lighting, extractor fan and chrome heated towel rail.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 32, River View, Sunderland
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