Property for sale in Sunderland
Sunderland is located in Northern England and it is a great example of a city that was once giant manufacturing, but now finding its way to a better future thanks to development and regeneration. Sunderland has become a modern centre with a lot of green environment that boasts a beautiful scenic coastline.
The bright future of this beautiful city is one of the reasons why we advise our clients to invest in Sunderland Property. We have a wide selection of high-growth properties for sale in Sunderland.
Below you can find more information on why investors should invest in Sunderland.
This city is ideal for all those who are looking for lower initial costs and higher yields because populations are increasing steadily, there are more job opportunities and plans for the future. Housing in Sunderland is striving to reach the high demand.
Sunderland is in the middle of the major regeneration strategy plan called Sunderland 3,6,9 Vision: Transforming Our City. The main goal of this huge regeneration strategy is to boost the city and bring it more in line with the wider Northern Powerhouse initiative. The value of this investment is around £1.5 billion which will create jobs for 20,000 people and boost the economy of the city through different projects. To fulfil the 3,6,9 Vision targets, Sunderland needs approximately 14,000 new homes by 2033.
The University of Sunderland is becoming ever more popular and that means more demand for student rentals
A hugely important factor in the local rental economy is the demand among students. There are over 19,000 students at the University of Sunderland, and over 3000 of those graduate each year, many of whom want to stay in the city. For those young people who would like to stay there after their studies, the city should have a lot of property for sale in Sunderland.
Investing in the city centre as a major cultural hotspot
The city centre is already improving. The Minster Quarter Masterplan will boost the public square and two major streets are benefitting from an investment injection of £2 million. A further £3 million is earmarked to continue these upgrades in order to transform Sunderland city centre into a major cultural hotspot.
Property in Sunderland is relatively affordable.
According to Zoopla the overall average property price in Sunderland is £162,757, which is significantly lower than the UK average of £329,210. Prices are oscillating depending on property types, so you can find flats in Sunderland sold for an average of £129,852 and terraced houses for £119,842. We think that now is a great time to invest in property for sale in Sunderland because it can bring you a high return on investment which is the main goal when investing in property.
To go hand in hand with cheap prices for Sunderland houses for sale, rental yields remain relatively high. According to Totally Money’s recent Top 25 buy to let hotspot research, Sunderland’s SR8 postcode comes in at number 16 with an average yield of 7.32%. The city’s SR5 postcode is also at number 25 with an average rental yield of 6.99%.
Check out on our website a wide selection of high-growth property for sale in Sunderland and contact our experts in Aspen Woolf for help.