Fixed price
£98,800
(£205/sq. ft)
1 bed flat for saleParsons Road, Washington NE37
1 bed
1 bath
1 reception
481 sq. ft
- New home
- Leasehold
Opulent Invest
About this property
On street/residents parking
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
Premium flooring, white goods, and high-quality finishes
Completed & income producing | high-yield buy-to-let opportunity
Parsons House offers a rare opportunity to acquire ready-built, income-generating apartments in the fast-growing town of Washington, Sunderland. With units currently tenanted and producing immediate rental income, this is an ideal high-yield investment for landlords and portfolio builders.
Set in an area undergoing rapid regeneration, Parsons House is well-positioned near major employers including Nissan (UK's largest automotive plant), Amazon, Rolls-Royce, asda, and BAE Systems-ensuring strong rental demand from professionals.
Each of the 40 apartments has been completed to a high specification with modern fixtures and fittings, appealing to quality tenants. Properties are available below market value, providing investors with built-in equity and strong capital growth prospects.
With a chronic undersupply of high-quality rental accommodation in the region, Parsons House is not just another buy-to-let-it's a strategic foothold in one of the North East's most promising property markets.
Key Highlights:
Completed & tenanted units
immediate rental income
high yields & below market value
Modern, fully fitted apartments
Strong tenant demand - Close to Nissan, Amazon, asda, and more
Ideal for portfolio investors
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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
