Collingwood Court, Washington, NE37 3EF

Perfect for investors, this one-bedroom flat in Collingwood Court offers an excellent opportunity to secure a ready-made investment with immediate returns.

Tenant in situ - immediate income:

The property is currently tenanted, allowing for a seamless transition for any investor and instant rental income from day one, providing a 16% rental yield. This removes the hassle and costs associated with sourcing a tenant, making it an ideal low-effort addition to any portfolio or a great first step into buy-to-let investing.

High rental demand location:

Situated in a popular area, the property benefits from strong and consistent rental demand. Conveniently located just 7 minutes from The Galleries, Washington, and 18 minutes to the Metrocentre, it appeals to a wide range of tenants seeking accessibility and local amenities.

No chain:

Offered with no chain, this property ensures a smooth and straightforward purchase process, ideal for investors looking for a quick turnaround.

Upon entering, you are welcomed into a carpeted living area, with additional space to the rear that can comfortably be used as a dining area. An archway leads through to the kitchen, featuring white cabinets, wooden-effect worktops, and overhead storage for added practicality.

The property continues through to a spacious double bedroom, complete with a large, bright window allowing plenty of natural light. The bathroom is fitted with a bath and detachable shower head, offering convenience for everyday use.

All of the furniture is included in the sale of the property.

The service charge includes buildings insurance, providing added peace of mind as the property is fully covered within the cost.

Collingwood Court is ideally positioned for access to local shops, transport links, and major road networks, making it a practical and desirable location for tenants and ensuring long-term rental appeal.

Council Tax Band: A (Sunderland Council) Tenure: Leasehold (85 years) Ground Rent: £10 per year Service Charge: £115.23 per month 125 years from the 1st of April 1986

The lease holders are currently negotiating with the lessor company for a new much longer lease, it is unknown how long or at what stage their progress is.