Lyndhurst Terrace, Pallion, Sunderland

INVESTMENT PROPERTY (OVER 10% YIELD) WITH RETIRED SITTING TENANT SINCE 1991 WHO WOULD LIKE TO STAY - £90pw PAID DIRECT TO LANDLORD BY LHA - 2 BEDROOM FIRST FLOOR FLAT - AVAILABLE AS CURRENT LANDLORD RETIRING.
Good Life Homes are delighted to bring to the market an opportunity to acquire a high yielding investment property with a sitting tenant who has occupied the property since 1991 and is happy to stay. The current landlord has owned the property for many years and is now retiring and the property will be sold with valid gas and electrical safety certificates ensuring the new owner has a fully compliant income generating property.
Perfect for adding to an existing portfolio or as a ready to go home for a new landlord looking for a healthy return, the property briefly comprises; entrance hall and staircase leading to first floor landing with 2 double bedrooms leading off and a lounge. Leading off the lounge is a bathroom with bath and shower and also leading off the lounge is a kitchen. Benefitting from double glazing and gas central heating via COMBI boiler, the current tenant is retired with single occupancy and has good relations with the landlord.
Viewing arrangements can be made by contacting the office. If you have a property to sell and would like valuation advice or guidance, please do not hesitate to ask us for assistance. Our fixed price selling fees start from just £995 on a no sale no fee basis which means that you'll pay nothing unless we sell your home! Call us and find out why so many people across Sunderland now choose Good Life to sell their home.

Introduction - INVESTMENT PROPERTY (OVER 10% YIELD) WITH RETIRED SITTING TENANT SINCE 1991 WHO WOULD LIKE TO STAY - £90pw PAID DIRECT TO LANDLORD BY LHA - 2 BEDROOM FIRST FLOOR FLAT - AVAILABLE AS CURRENT LANDLORD RETIRING.

Entrance Hall - Entrance via white uPVC double-glazed door. Gas meter, electric meter and electric fuse box, carpeted stairs to first floor landing.

First Floor Landing - Loft hatch, 3 doors leading off, 2 to bedrooms and 1 to lounge.

Bedroom 1 - 12' 6'' x 11' 8'' (3.81m x 3.55m) - Laminate wood-effect flooring, single radiator, front facing white uPVC double-glazed window. Fitted wardrobes with sliding doors providing a good degree of storage and hanging space. Period fireplace with tiled back. This is a large double bedroom.

Bedroom 2 - 9' 7'' x 9' 0'' (2.92m x 2.74m) - Laminate wood-effect flooring, front facing white uPVC double-glazed window. Built-in cupboard providing storage. This is also a double bedroom.

Lounge - 13' 10'' x 12' 5'' (4.21m x 3.78m) - Laminate wood-effect flooring, double radiator, rear facing white uPVC double-glazed window. Period fire surround with tiled insert and hearth. Built-in cupboard to 1 side of chimney. Door leading off to bathroom, door leading off to kitchen.

Bathroom - 10' 6'' x 8' 9'' (3.20m x 2.66m) - Ceramic tile flooring, double radiator, rear facing white uPVC double-glazed window. White bathroom suite comprising of; toilet with low level cistern, sink with single pedestal and chrome tap, bath with panel and gold-effect taps. Separate shower cubicle with electric shower. Bathroom leads off the lounge.

Kitchen - 11' 0'' x 7' 2'' (3.35m x 2.18m) - Laminate wood-effect flooring, white uPVC double-glazed window. Fitted kitchen with a range of wall and floor units in a light wood-effect with contrasting laminate work surfaces, built-in cupboard housing Combi boiler, space and plumbing for a washing machine, space for tall fridge/freezer, sink with single bowl, single drainer and chrome taps, space and plumbing for a gas cooker. To the rear of the kitchen is 4 steps leading down to uPVC double-glazed door which in turn leads out to a shared rear yard.

Externally - Providing access for refuse bins etc

General - It should be noted that the current tenant has been in occupation since 1991 and would like to continue the tenancy.

He has very good relationship with the existing landlord and the rent is £92 per week.

The rent is paid directly from LHA.

The property will be sold existing gas and electrical safety certificates and compliance requirements for tenancy.

Read less