Studio for sale

Hylton Road, Sunderland SR4

Summary

*** For sale via online auction *** Terms and fees apply ***
Presenting an outstanding opportunity for investors: Pattinson Estate Agents are delighted to offer to auction this first floor student accommodation unit, ideally situated in the highly sought-after Millfield area of Sunderland.
Purpose-built to cater to student living, the unit is thoughtfully designed to ensure comfort, privacy, and convenience. The accommodation comprises a spacious bedroom area complemented by a deluxe en-suite, providing tenants with a modern and comfortable living space. For added ease and social interaction, residents have access to a communal kitchen and reception areaperfect for studying, dining, or relaxing with friends.
Currently, the property is tenanted under a 357-day agreement, generating an attractive annual income of 5,610. The current tenancy runs until 29th August 2025, offering immediate returns for the successful buyer.
Located in Millfield, a vibrant neighbourhood with excellent transport links, university proximity, and a host of local amenities, this unit is perfectly positioned to attract consistent student demand year after year.
- First floor student accommodation unit
- Comfortable bedroom area with deluxe en-suite
- Access to communal kitchen and reception area
- Tenanted, earning 5,610 per annum
- Tenancy in place until 29th August 2025 (357 days)
- Located in the popular Millfield area of Sunderland
- Excellent transport links and university access
This is a rare chance to secure a hassle-free investment in a thriving student hub. For further information or to arrange a viewing, please contact our dedicated Sunderland team.

Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 238
Annual Ground Rent Amount: 749.00
Ground Rent Review Period: Year
Annual Service Charge Amount: 3,792.00
Service Charge Review Period: Year

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.