This brand-new boutique development in central Sunderland comprises twelve studio and one-bedroom self-contained apartments offering professionals and students a great location as well as modern and comfortable living. All aspects of the Fawcett Street apartments have been carefully designed to maximise the living experience for its tenants. Each apartment comes complete with fully fitted kitchenette and a modern bathroom. To complement the contemporary style of each unit, a furniture pack comprising of a double bed, wardrobe, sofa, coffee table, dining table and two chairs, bathroom mirror, 32” wall mounted flat screen TV and blinds will be included in the purchase price. These modern apartments offer the perfect chance to invest in one of the UK’s fastest growing cities.
Less than half a mile away from the University of Sunderland campus and the city’s train station, the development is well placed close to all amenities and transport links. Home to one of the biggest and most popular universities in the North, the need for student accommodation in Sunderland is only set to grow. In 2016, the city was voted as the best student location for landlords and with rents predicted to rise by 11% over the next five years, it is a great time to invest. Sunderland has attracted many students from around the world to study in the city, with more than 30% of those enrolled at the University coming from overseas. Fawcett Street’s student residents will benefit from its easy access to the university campus and proximity to all amenities.
Sunderland is a thriving city with a lot of opportunities for its residents with eighty international companies, such as Nike and Nissan, having relocated to the city and employing over 25,000 people. Famed for its industrial past, Sunderland is now bringing its previous manufacturing successes in to the future. The global car manufacturing giant Nissan has established their UK headquarters in the city and has dedicated investment towards the city’s bold ‘3, 6, 9 Vision’ which includes a £500m International Advanced Manufacturing Park. This development is set to bring £300m in private sector investment and 5,200 jobs by 2026/7.
In addition to this, Sunderland is now earning a name for itself in the digital sector. Growth in this sector saw Sunderland’s digital jobs grow by 49% between 2011 and 2015. As the Northern capital of digital innovation, Sunderland will capitalise greatly on the strength of the North Easts’ I.T. economy, which is set to be worth £1.1bn by 2020.
POSTCODE FOR LOCATION SR1 1RH
Images shown are examples of apartment finishes within the entire block and may not be the exact apartment purchased.
*Annual Rental income can vary, please speak to your consultant about the potential of the unit you are interested in, Residential Estates would also suggest you carry out your own due diligence in the local market at the time of purchase
|9% NET Rental Return Excluding Ground Rent|
|Three-Year Rental Guarantee|
|Suitable for Students and Professionals|
|Prime Central Location|
|Fully Furnished Apartments|