1-bedroom flat · SR1 1RE
For saleListed 165 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pattinson Estate Agents are delighted to present this high-specification one-bedroom penthouse apartment with a mezzanine, located within the iconic Athenaeum Building, in Sunderland city centre.
Combining 19th-century elegance with a modern multi-level layout, this property is a standout choice for both owner-occupiers and strategic investors.
Importantly, the property comes with its own private car parking space included in the sale and with separate deeds—an incredibly rare asset for a city centre apartment.
Unrivalled Investment Opportunity Situated in the heart of the SR1 regeneration zone, this duplex offers diverse income streams and high capital growth potential: Short-Term & Holiday Lets: With a prime city-centre location, this property is perfectly positioned for the lucrative Airbnb and serviced accommodation market.
Professional apartments in the building currently attract strong daily rates, particularly during events at the Stadium of Light and the Sunderland Empire Theatre.
Professional Letting: The "High-Standard" finish and dual-bathroom configuration (family bathroom plus en-suite) make this highly desirable for young professionals.
Similar city-centre units are achieving impressive rental yields .
High Yield Market: The North East continues to perform very well within the the UK in gross rental yields, with Sunderland’s city core consistently outperforming the national average.
Gateway to the Region & Beyond One of the apartment's strongest assets is its immediate proximity to Sunderland Central Station (a 2-minute walk), providing affordable and efficient travel options: Regional Connectivity: The Tyne & Wear Metro offers frequent, low-cost travel to Newcastle City Centre (approx.
25 mins), Gateshead, and the coast.
National Rail Links: Direct rail services connect you to London King’s Cross in approximately 3 hours and 30 minutes, as well as regular services to York and Middlesbrough.
Future Growth: The ongoing Riverside Sunderland regeneration project is set to further enhance local infrastructure and property values.
Accommodation Briefly Comprises: Lower Floor: High-end open-plan lounge, modern kitchen, and contemporary family bathroom.
Mezzanine Floor: Spacious master bedroom featuring its own private en-suite shower room. Exterior: Private allocated car parking space with separate deeds.
Building Features: Grand communal entrance with secure entry, lift access, and historic architectural details throughout. Early viewing is highly recommended.
Contact our Sunderland branch today to discuss the investment potential or to arrange a viewing.
Council Tax Band: C Tenure: Leasehold Length of Lease: 101 Living Room Kitchen Dining Room Mezzanine Bathroom en suite
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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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 advisors 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 27 Fawcett Street, Sunderland, Tyne and Wear, SR1 1RE
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