Kenilworth Court, Washington, NE37 3EG

Perfect for investors, this one-bedroom flat in Kenilworth 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, generating a 15% 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.

Energy Efficient - EPC Rating B:

Boasting an EPC rating of B, this property offers excellent energy efficiency, helping to keep utility costs lower for tenants and making it more attractive in today's market. With increasing regulations around minimum EPC standards for rental properties, this also provides added reassurance for investors, helping to future-proof the investment and reduce the likelihood of costly upgrades down the line.

High rental demand location:

Situated in a popular residential area, the property benefits from strong and consistent rental demand. Conveniently located just 8 minutes from The Galleries, 10 minutes to Pelaw Metro Station, and 14 minutes to Team Valley, it appeals to a wide range of tenants seeking accessibility and local amenities.

Upon entering, you are welcomed into the living room, which leads out onto a small balcony area, offering additional space and natural light. From here, you move through to the corner kitchen, designed for practical everyday use.

The property continues through to a spacious double bedroom, complete with bright windows allowing plenty of natural light. The bathroom is fitted with a bath and detachable shower head, providing convenience for tenants.

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.

Kenilworth 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.