yieldit are delighted to bring to market this stunning 4 bedroom property in an unrivalled location. Alice Street is a tenanted investment opportunitiy currently achieving in excess of a 6.5% NET.

To the ground floor, there is a large double bedroom or extra reception room, leading through to a well appointed living room, high specification kitchen and further bathroom. To the first floor, there is three further generously sized double bedrooms and a family bathroom. There is ample on street parking available and a rear yard to the back.

The property also has huge HMO potential (subject to the necessary approvals) as it is perfectly placed for students and could achieve £18,000 in rental income per annum if rented this way. There are currently long standing tenants in place who are working professionals.

The property sits in a perfect location with Sunderland city centre right on it’s doorstep which makes it extremely attractive to those looking for a proprty or room to rent. It is ideally situated close to The University of Sunderland, Sunderland Royal Hospital and Sunderland Station which provides services to Newcastle in as little as 20 minutes meaning there will always be a strong rental demand from students, young professionals and commuters.

Sunderland has a bustling city centre offering a range of shops, restaurants and lively bars and it often ranks highly as one of the best and safest places to live in the UK. House prices in the city have risen by 11% since 2019 (Rightmove) which makes it an excellent location to invest in property. A cash injection of almost £1 billion has been invested in Sunderland since 2015 to create jobs, improve infrastructure and cultural assets in the city and in addition to this a further £626m is due to be spent on the city by 2024 meaning it will only continue to prosper.