Parsons Road, Washington
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
628 sq ft
58 sq m
Key features
- 20% Below Market Value
- Completed & Tenanted
- 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
- 999-year leasehold, offering long-term security
Description
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
CASH PURCHASE ONLY
Brochures
Brochure 1- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Gated,Allocated,Residents
- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Parsons Road, Washington
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Visit our security centre to find out moreDisclaimer - Property reference PH02. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Opulent Invest, Brentford. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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