Studio for sale

27 Stockton Road, Sunderland SR2

Deluxe studio investment with tenant in place until August 2027

Flat 0E3, Park Lane House | £135 per week rental income | EPC Rating C

Looking to add a ready-let property to your portfolio? This deluxe studio apartment in the popular Park Lane House development offers an opportunity to purchase a tenanted investment with rental income already in place.

Currently let at £135 per week, the property provides a total rental income of £6,750.00, with the existing tenancy running until August 2027. This offers an incoming purchaser an established rental arrangement from day one, subject to the terms of the tenancy.

The studio features a well-presented living and sleeping area, with integrated storage and a dedicated workspace. A modern en-suite shower room completes the private accommodation.

Residents also benefit from access to communal facilities within the development, including a contemporary kitchen and dining area, social spaces and lobby areas. These shared amenities provide additional convenience and appeal to the student and young professional rental market.

Park Lane House is conveniently located close to local amenities, transport links and educational establishments, making it a practical option for tenants looking to live within easy reach of everyday essentials.

Property Ownership Information

Tenure

Leasehold

Council Tax Band

Ask agent

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

No service charge

Service Charge Review Period

No review period

Lease End Date

19/11/2981

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required.