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£59,999
Rock Lodge - Sunderland, SR6
- 1 bed
£59,999
- 1 bed
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Estimate monthly mortgage payment:
£274 per month
Minimum deposit amount:To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
To get a mortgage for a property you will typically need a minimum of 5% of the property value as a deposit. Our broker will be happy to talk through your options and everything else you need to secure a mortgage
£3,000
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Rock Lodge, Roker, Sunderland SR6 9NH
Welcome to Rock Lodge, a remarkable investment opportunity located just minutes away from Sunderland's stunning coastline and vibrant university campus. This development offers a rare chance to own a piece of Sunderland's history, now thoughtfully transformed into modern, spacious studio apartments. With its prime location and strong rental demand, Rock Lodge is perfectly poised to deliver impressive returns for investors seeking a secure and profitable asset in one of the UK's most up-and-coming areas.
A Coastal Gem in the Heart of Sunderland:
Discover Rock Lodge, a unique and characterful development perfectly positioned to capitalize on Sunderland's growing student market. Just a short walk from both the beach and the University of Sunderland, this former retirement home has been thoughtfully converted into 30 large, self-contained studio apartments. Offering investors a fixed 10% NET rental yield for the first two years, Rock Lodge is an attractive option for those seeking a secure and lucrative investment.
Property Highlights:
* Type: Large Self-contained Studio Apartments (including Kitchen and En-suite)
* Number of Units: 30 over 3 floors
* Prices Starting From: £59,999
* Furniture Pack: £1,200 (3-year warranty)
* Rental Yield: 10% NET assured for the first 2 years
* Weekly Rent Estimate: £155 to £185
* Lease: 999 Years
* Ground Rent: None
Development Features:
* Refurbishment completed in time for September intake
* 5 communal kitchens, large garden, laundry room, bike storage, and 24-hour CCTV
* Some units offer partial or full sea views
* Gas central heating throughout the building
* No parking on-site, but off-road parking available nearby
Location:
* Proximity to the Beach: 2-minute walk to Roker Beach
* Proximity to University: 15-minute walk to St Peter's Campus with bus service every 30 minutes
* University of Sunderland: Over 25,000 students and only 1,500 on-campus bed spaces, creating high demand for private student accommodation
Investment Potential: Sunderland University is set to receive £250 million in investment over the next decade, beginning with St Peter's Campus, which is expected to increase student numbers significantly. With this anticipated growth and the limited on-campus accommodation, Rock Lodge is ideally positioned to benefit from strong rental demand.
Enquire now to receive to following:
* Development Brochure
* Availability
* Short Term Let Projections
* Images
* Floor Plan
Tenure: Leasehold (999 years)
Ground Rent: £0 per year
Welcome to Rock Lodge, a remarkable investment opportunity located just minutes away from Sunderland's stunning coastline and vibrant university campus. This development offers a rare chance to own a piece of Sunderland's history, now thoughtfully transformed into modern, spacious studio apartments. With its prime location and strong rental demand, Rock Lodge is perfectly poised to deliver impressive returns for investors seeking a secure and profitable asset in one of the UK's most up-and-coming areas.
A Coastal Gem in the Heart of Sunderland:
Discover Rock Lodge, a unique and characterful development perfectly positioned to capitalize on Sunderland's growing student market. Just a short walk from both the beach and the University of Sunderland, this former retirement home has been thoughtfully converted into 30 large, self-contained studio apartments. Offering investors a fixed 10% NET rental yield for the first two years, Rock Lodge is an attractive option for those seeking a secure and lucrative investment.
Property Highlights:
* Type: Large Self-contained Studio Apartments (including Kitchen and En-suite)
* Number of Units: 30 over 3 floors
* Prices Starting From: £59,999
* Furniture Pack: £1,200 (3-year warranty)
* Rental Yield: 10% NET assured for the first 2 years
* Weekly Rent Estimate: £155 to £185
* Lease: 999 Years
* Ground Rent: None
Development Features:
* Refurbishment completed in time for September intake
* 5 communal kitchens, large garden, laundry room, bike storage, and 24-hour CCTV
* Some units offer partial or full sea views
* Gas central heating throughout the building
* No parking on-site, but off-road parking available nearby
Location:
* Proximity to the Beach: 2-minute walk to Roker Beach
* Proximity to University: 15-minute walk to St Peter's Campus with bus service every 30 minutes
* University of Sunderland: Over 25,000 students and only 1,500 on-campus bed spaces, creating high demand for private student accommodation
Investment Potential: Sunderland University is set to receive £250 million in investment over the next decade, beginning with St Peter's Campus, which is expected to increase student numbers significantly. With this anticipated growth and the limited on-campus accommodation, Rock Lodge is ideally positioned to benefit from strong rental demand.
Enquire now to receive to following:
* Development Brochure
* Availability
* Short Term Let Projections
* Images
* Floor Plan
Tenure: Leasehold (999 years)
Ground Rent: £0 per year
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£274 per month
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Stamp Duty tax
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Stamp Duty Land Tax (SDLT) is a tax you might have to pay if you purchase a property or land. SDLT applies to properties above a certain price threshold. The amount you'll have to pay depends on the property's value and if you already own a property, or have done so in the past. If you are a first-time buyer, or you are purchasing multiple dwellings, you may be eligible for a discount (tax relief).
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Mortgage and legal costs:
£999
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