Fixed price
£79,950
(£165/sq. ft)
Studio for saleParsons Road, Washington NE37
1 bath
486 sq. ft
- New home
- Leasehold
Opulent Invest
About this property
On street/residents parking
Central heating
Double glazing
20% Below Market Value
Completed, Ready to Occupy
999-year leasehold, offering long-term security
Up to 7% Net on AST and 11% Net with Short-term Lets
Close to major employers, including Nissan, the UK’s largest car manufacturing p
Premium flooring, white goods, and high-quality finishes
Welcome to Parsons House, a development of 40 contemporary apartments located in the up-and-coming town of Washington, Sunderland. Situated in a thriving area of growth and regeneration, this development is perfectly positioned to cater to the growing demand for high-quality homes, especially among young professionals working in the area’s booming commercial sector. Key employers nearby include the renowned Nissan plant—the UK’s largest automotive manufacturing facility—as well as asda, Rolls Royce, Amazon and BAE systems to name just a few.
For investors, Parsons House presents an exceptional opportunity with apartments available below market value. Built to an impeccable standard, each unit boasts high-end fixtures and fittings, ensuring both quality and appeal.
With a significant shortage of modern, well-built housing in the area, the development is poised for strong rental returns and long-term growth potential. Parsons House isn’t just an investment—it’s your gateway to one of the most promising property markets in the North East.
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More information
Tenure
Leasehold (999 years)
Service charge
£2 per month
Council tax band
Ground rent
Ground rent date of next review