Residential Portfolio in SR4

Langton Close, Sunderland, Tyne and Wear, SR4 7AS

Brochure

Tenure: Freehold

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Starting bid£750,000

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Key Information

Electricity: National Grid
Broadband: ADSL copper wire
Mobile signal: Good
Parking: Communal

Property features

Investment opportunity
5 individual neighbouring huses
Desirable location
Rare opportunity

Residential Portfolio in SR4

*For sale via secure sale online bidding: terms and conditions apply.*

Pattinson Estate Agents are delighted to welcome to the market this exceptional multi-unit residential investment portfolio located Millfield, Sunderland.

An incredibly rare opportunity to acquire five neighbouring residential assets under common ownership, creating a secure, courtyard-style investment block.
Comprising a mix of multi-bedroom residences and self-contained flats, the portfolio totals 21 units of accommodation.

Property 1 - 5 bedroom house
Property 2 - 3 self contained flats
Property 3 - 5 bedroom house
Property 4 - 3 self contained flats
Property 5 - 5 bedroom house

The portfolio offers an immediate income stream with 6 units currently let to tenants in situ, generating £3,090 per calendar month, presenting a massive asset-management upside to let the remaining 15 vacant units.
Having recently undergone significant investment, including comprehensive compliance and electrical upgrades, the entire portfolio proudly boasts a consistent EPC Rating of C across all five properties.

Situated in a highly accessible Sunderland location, this asset benefits from robust, year-round tenant demand driven by close proximity to Sunderland Royal Hospital, the University of Sunderland, and the vibrant city centre. This is a blue-chip addition for any serious investor looking to tap into a high-yielding, regeneration-led North East market.

Key Investment Features

Asset Management Potential: Scope for future reconfiguration, extension, or specialist supported-housing partnerships (STPP).
Immediate Income Stream: 6 units currently occupied, producing £3,090 PCM (£37,080 per annum) out of the gate.
Substantial Value-Add Potential: 15 vacant units remaining, offering an investor massive rental growth and immediate asset-management upside.
Substantial 21-Unit Portfolio: Five distinct, neighbouring properties within a controlled courtyard environment.
Turn-Key Compliance: Recent significant investment into upgraded electrical installations, fire detection, alarms, and emergency lighting.
Excellent Energy Efficiency: All 5 properties achieve an EPC Rating of C, safeguarding against future legislative changes.
Diverse Asset Mix: Comprises 3x large multi-bedroom properties and 6x self-contained 1-bedroom apartments.
Premium Location: Minutes from major healthcare, university, employment, and transport (Metro) hubs.

Location & Tenant Demand

Sunderland continues to offer a compelling income profile with highly affordable entry points relative to the south of the UK, paired with a steadily rising private rental market.
The Langton Close portfolio enjoys a highly resilient tenant base. It appeals directly to medical professionals and agency staff from the nearby Sunderland Royal Hospital, domestic and international students from the University of Sunderland, and commuters utilising the nearby Metro services and major road networks to Newcastle and Durham.

Planning

All 5 properties were previously licensed as 5-bedroom HMOs. However, due to Article 4 regulations, HMO licensing cannot be guaranteed for future use, and any retrospective planning permissions required will be the responsibility of the buyer.

Please contact us directly to arrange a viewing

Location

This portfolio of properties is located on Langton Close, in Sunderland City Centre. It is located within close proximity to transport links and local amenities, with a 15 minute walk to the Bridges Shopping Centre and Sunderland centre.

Accommodation

1 Langton Close: 5-bedroom layout, perfectly configured for professionals or students. Features a spacious communal kitchen and sociable shared lounge. 2 Langton Close: Subdivided into three self-contained 1-bedroom apartments, each complete with a private kitchen, bathroom, and living space. 3 Langton Close: 5-bedroom layout with a large shared kitchen and comfortable communal lounge, ideal for high-density rental income. 4 Langton Close: Subdivided into three self-contained 1-bedroom apartments, catering perfectly to working professionals and couples. 5 Langton Close: 5-bedroom layout boasting spacious communal areas and highly functional tenant living spaces.

Tenure

1, Langton Close, Sunderland, SR4 7AS - TY419108 - Freehold 2, Langton Close, Sunderland, SR4 7AS - TY419058 - Leasehold 3, Langton Close, Sunderland, SR4 7AS - TY421402 - Leasehold 4, Langton Close, Sunderland, SR4 7AS - TY421405 - Leasehold 5, Langton Close, Sunderland, SR4 7AS - TY552946 - Leasehold

EPC

Available upon request. (1 rating C) (2 rating C) (3 rating C) (4 rating C) (5 rating C)

Council Tax

Council tax band B for all properties.

Additional Information

For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial.ne@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.

Open map Street view

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5%, subject to a minimum £4000 which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information, call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

Please log in to view and download the legal pack files.

Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Broadband: ADSL copper wire
Mobile signal: Good

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