Hey accountants building tax-smart portfolios, doctors seeking passive income to offset NHS shifts, and web developers coding wealth remotely—this is your ticket to a savvy investment! Today’s Property Shot of the Day is a stunning 3-bedroom, 2-bathroom split-level apartment on River View, Low Street, Sunderland (SR1), listed on Rightmove since May 2023 at offers over £95,000. With no chain, river views, and a modern open-plan design, this leasehold gem (125 years from 2004) is perfect for high earners looking for hands-off, tax-efficient returns. We’re analysts sparking your investment fire—verify availability, conduct full due diligence (surveys, title, lease terms), and consider offers 10-15% below (£81k-£85k) for BMV potential. Let’s dive into pro-focused strategies, financials, and a 10-year forecast tied to Sunderland’s regen, tailored for your busy lifestyle.
View the full listing here: https://www.rightmove.co.uk/properties/107720039#/?channel=RES_BUY
Professional Perks: Why This Appeals to High Earners For accountants eyeing tax reliefs, doctors diversifying pensions, or devs craving passive income, this £95k apartment is a low-entry win. SR1’s 8-10% yields beat stock market volatility (FTSE avg 4%), with low voids (5-7% due to city-center demand). Deduct mortgage interest (20% credit), repairs (£500-£1k/year), and outsource management (£100-£150 pcm) for hands-free cashflow—ideal for busy pros. Sunderland’s A19 access and growth (6.7% YoY) suit remote workers. Case: A Newcastle accountant bought a similar SR1 flat via Mike Bells—12% ROI, fully managed, tax relief £3k/year.
Area Analysis: Sunderland’s SR1 in 2025 River View sits in Sunderland’s city center (SR1), a short walk from shops, transport (Metro to Newcastle, 30 mins), and River Wear. Economy thrives on education (University of Sunderland, 20,000 students), healthcare (Sunderland Royal), and regen-driven jobs (Riverside Sunderland). Property market: SR1 prices averaged £185k, up 6.7% YoY (Rightmove), with 3-bed apartments selling £90k-£120k (comps: £100k nearby per Zoopla). This £95k ask is BMV by 5-10%. Rents: 3-beds fetch £700-£900 pcm (Zoopla, avg £833), up 7.2% YoY. Yields 8-10%, voids 5-7%. Savills forecasts 5-6% growth.
Market Insights: Sunderland’s SR1 Appeal SR1 offers 8-10% yields, rents £700-£900 for 3-beds (Zoopla). Prices up 6.7% YoY, 5-6% forecast (Savills). Low voids (5-7%) with uni/professional demand. Regen (below) drives 6-8% growth, ideal for pros seeking stable assets.
Strategy Deep Dive: Full Breakdown for Each Approach North East refurb costs: Minimal for this modern flat (£5k-£10k for tweaks, e.g., smart tech £3k, decor £3k per Checkatrade). Assume 25% deposit, 4.8% mortgage, 6% voids/maintenance (low for city center). Rents: £800 pcm BTL, £350/room HMO, £120/night holiday let (50% = £21k annual). Cash buyers only simplifies purchase.
- Buy Refurbish Refinance (BRR): Modern; minor upgrades (£5k-£10k). Post-value: £110k (15% uplift). Outlay: £95k + £3k fees + £8k = £106k (£27k deposit). Rent: £850. Yield: 10.7%. ROI: 15% (net £4k / £27k post-refi). ROCE: 10%. Risks: Lease terms; growth aids.
- Buy to Let (BTL): No refurb needed (£0-£5k). Outlay: £95k + £3k = £98k (£25k deposit). Rent: £800. Cashflow: £800 – £230 mortgage – £150 costs = £420. Yield: 10.1%. ROI/ROCE: 14% (net £3.5k / £25k). Pro-friendly—outsource management.
- Houses in Multiple Occupation (HMO): Viable—3 beds, 2 baths. Refurb: £15k-£25k (£8k-£12k fire/plumbing). Rent: £350/room x3 = £1,050. Yield: 13.3%. ROI: 18% (net £5k / £28k). Licensing £500-£1k.
- Single Lets to Professionals: Rent £850 to uni staff. Yield: 10.7%. ROI: 15%. Low voids (5%).
- Student Lets: Uni nearby. Rent £900 (£75/week x3). Yield: 11.4%. ROI: 16%.
- Single Lets to Tenants on Benefits: Rent £650 (LHA). Yield: 8.2%. ROI: 10%.
- Holiday Lets: City-center appeal. Refurb £5k (furnishings). Nightly £120 (50% = £21k). Yield: 26.5%. ROI: 20% (net £5k / £25k).
- Commercial Property: No.
- Rent-to-Rent: Rent £600, sublet £850. Profit: £3k/year. Yield: 25%+.
- Lease Options: Fee £3k, lease £500. ROI: 30%+.
Tax Efficiency for Professionals
- Accountants: Deduct refurb, interest; offset 40% bracket.
- Doctors: Passive income vs. pension risks; eco-grants £7.5k.
- Devs: Remote deductions, EIS scaling. Case: SR1 flat by dev—15% ROI, managed.
Numbers That Matter: Financial Deep Dive (HMO Example) Outlay: £95,000 + £3,000 fees + £20k refurb = £118,000 (25% deposit £30k). Monthly Cashflow: £1,050 rent – £230 mortgage – £150 costs = £670. Gross Yield: 13.3% (£12.6k / £95k). ROI: 18% (Net £4.8k / £27k post-tax). ROCE: 4.1%. Break-even: 4 months.
5-Year Outlook: Forecast Table 5.5% growth, 4% rents. Base/best/worst: 5.5%/7%/3%.
| Year | Value (Base) | Annual Rent | Yield | Cumulative Cashflow |
|---|---|---|---|---|
| 2025 | £100,225 | £12,600 | 13.3% | £4,800 |
| 2026 | £105,737 | £13,104 | 13.8% | £9,900 |
| 2027 | £111,552 | £13,628 | 14.3% | £15,300 |
| 2028 | £117,687 | £14,173 | 14.9% | £21,000 |
| 2029 | £124,160 | £14,740 | 15.5% | £27,000 |
| Total Gain | +£29,160 | – | – | +£27,000 |
Long-Term Area Developments (Next 10 Years) Sunderland’s £1bn+ regen: 1) Riverside Sunderland (2025-2030)—1,000 homes, Culture House boosts HMO demand 5-7%. 2) Nissan expansion (2025-2035)—3,000 jobs lift rents 4-6%. 3) A19 upgrades (2026-2032)—cuts voids to 4%. Impact: 7-9% YoY growth, yields 14-16% by 2035. Risks: New builds cap prices. Per council plans.
This apartment is a pro’s dream—HMO yields, tax-smart cashflow. Mike Bells sources these for you.
Ready to turn investments like this into portfolio growth? Schedule a free 30-minute strategy call with Mike Bells now—discover how we can help you secure high-yield deals and scale faster. Spots are limited, so book today! If you’re looking for properties with this kind of returns, fill the form below to get started. If you’re looking to sell your property quickly and hassle-free, we’re here to make it happen—fill out the form below for a no-obligation quote.
This content is provided by Mike Bells Property Sourcing for informational and educational purposes only and does not constitute personalized financial, investment, or legal advice. We make no representations or warranties of any kind, express or implied, regarding the accuracy, completeness, or suitability of this information. Past performance is not indicative of future results, and all investments involve risk, including the potential loss of principal. Mike Bells accepts no liability for any losses or damages arising from reliance on this material. Always conduct your own thorough due diligence, consult independent financial advisors, and verify details before making investment decisions.