2 bed flat for sale

River View, Low Street, Sunderland SR1

For sale by auction

investment opportunity


This is an investment opportunity, purchasing the property with tenancy in place. Rent £695 12 month tenancy from 15/11/2024

A spacious, light and very well presented top floor (5th), furnished, riverside apartment enjoying superb panoramic views across the adjacent river Wear and with excellent access to the quayside and the nearby city centre.

Internally there are two double bedrooms, a spacious L shaped living room, separate kitchen, bathroom and balconies to both front and rear. There is allocated onsite parking for one car.

Modern features include lift access, intercom, electric night storage heating, kitchen appliances and satellite TV access.

A super apartment.

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
Service charge 01/01/2025 - 31/12/2025 - £3253
Ground rent 01/01/2025 - 31/12/2025 £318 per annum
Buildings & terrorism insurance 2025 £912

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

Accommodation

Communal entrance hall with lift or stairs to fifth floor, individual post boxes are found on ground floor.

Reception Hall

Accessing the accommodation with laminate floors, storage cupboards and door into:

Living Room

6.21m to 2.66m x (20' 4" to 8' 9") x 7.18m to 4.70m (23' 7" to 15' 5") approximately
Ideal for both lounge and dining purposes with glass pained patio doors to the larger balcony and featuring superb river views. Features include a continuation of the laminate floors and both TV and phone points.

Kitchen

2.40m x 2.39m (7' 10" x 7' 10") approximately
Fitted with a range of units to wall and base with laminated work surfaces over including a drainage sink and four ring halogen hob under which is an electric oven and over a extraction hood. Other benefits include a larder fridge and freezer, washing machine, dishwasher, tiled splash backs and laminate flooring.

Bedroom One

3.86m x 3.75m (12' 8" x 12' 4") approximately
An excellent double bedroom with access to the second balcony.

Bedroom Two

3.06m x 3.76m (10' 0" x 12' 4") approximately
A double bedroom.

Bathroom & Toilet

Fitted with a white three piece suite with chrome furniture and bath shower attachment and screen. Also included are extractor, marble flooring and heated towel rail.

Balconies

Located front and rear, the larger overlooks the river with view stretching out across the north east sea seascape.

Parking

Accessed via sensor operated doors and leading to one allocated space on ground floor.