Sunderland NEW LAUNCH

Mowbray
House

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Sunderland NEW LAUNCH

Mowbray
House

From £67,500
  • 20 Luxury High-Spec Apartments
  • Refurbishment of an Existing Period Building
  • Completes in Q1 2020
  • Strategic City Centre location, Ideal for Students & Young Professionals
  • Optional Payments Plans, Benefit From 4% Interest on Funds
  • Gross Yields in Excess of 8.5%, Assurance Year 1
Top Location

Prime City Centre Position

Classic Refurb

Period Townhouse Refurbishment

Excellent Returns

Gross Yields Over 8%

Immediate Income

Completes March 2020

Interested in this property? Enquiry today!

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PRIME NORTH EAST CITY CENTRE INVESTMENT

Introducing Mowbray House, a stunning new development brought to you by an established UK developer. Made up of just 20 apartments, this full refurbishment of a classic terraced building combines studio, one and two bedroom apartments over 4 floors. Superbly located in Sunderland’s top-performing SR1 postcode, this characterful development overlooks the famous Mowbray Park, one of the oldest parks in the North East.

Mowbray House is located in the sought after SR1 postcode, minutes away from Sunderland’s most popular amenities, and overlooking the picturesque Mowbray park, the largest green space in the city centre and home to the Sunderland Museum and Winter Gardens.

The Sunderland Central train station, metro and the Bridges Shopping Centre are all under 10 minutes’ walk away. Both of Sunderland’s main university campuses are a very short commutable distance, each under 15 minutes by public transport.

The North East is becoming a hotspot for property investors, thanks to remarkable projected growth. Experts Savills forecast 19.9% capital growth over the next 5 years. With huge regeneration plans in the works and a goal to create 20,000 new jobs by 2024, Sunderland is going to be at the centre of this regional growth. Invest now while prices are still well below the national average.

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APARTMENT SPECIFICATION

Mowbray House will provide modern and comfortable living for students and young professionals studying or working in the city.

With a range of apartments available, from self-contained studios to one and two bedroom apartments, all aspects of Mowbray House have been carefully designed to maximise the living experience for its tenants.

Each apartment comes complete with a kitchen or kitchenette, fitted with a single oven/grill with an electric hob, as well as a fridge/freezer. Bathrooms are contemporary styled in white, chrome and glass.

To complement the contemporary style of each unit, a furniture pack comprising of a double bed, wardrobe, sofa, coffee table, dining table and 2 chairs, mirror in bathroom, 32”wall mounted flat screen TV and blinds is included with each unit.

 

INTERIOR

  • Plaster finish to all walls within habitable space of unit and bathroom
  • 2x coats matt emulsion to all walls in white, with feature wall to main space in contrasting colour
  • All ceilings 2x coats matt emulsion
  • All second fix joinery timber 2x coats white eggshell
  • All windowboards and reveal trims pre finished white UPVC
  • All walls to communals to have provision for feature wall colour (to client spec)- in endurance emulsion.

WINDOWS

  • Where new units installed White UPVC sash style units with 4/20/4 sealed glazing units
  • Stub Cill to exterior, white UPVC bull nose window board to inner, with UPVC white trim surrounds
  • Casement style in lieu of sash style where appropriate
  • All Windows except where MOE required to have window restrictor hinges & adjustable trickle vent heads.

KITCHEN

  • Finsa factory assembled kitchen carcassess with matt grey wrappped solid doors.
  • Circa 200mm Stainless steel handle to clients spec throughout
  • Indicative Kitchen Utilities to comprise: Single SS Oven/ grill, SS electric Hob, SS Extractor Hood. Fully Integrated 600mm undercounter Fridge, separate free standing washer/ dryer. SS Single sink/ Drainer with SS mixer tap and integrated plug waste
  • Indicative Kitchen Cabinets: 1x 600 drawer pack, 1x 500 under sink cabinet, 1x 600 full cabinet, 3x 500 wall units. 2400mm straight wrapped melamine worksurface with upstand splashback. Glass Splashback to Hob.

BATHROOM

  • 1200×800 white cast stone shower tray, with 150mm UPVC tray fascia
  • Chrome/ glass plain sliding shower screen
  • Contemporary bar thermostatic shower mixer tap
  • Contemporary basin mixer tap to match shower design
  • Close coupled WC within 1100mm vanity unit also housing sink and under sink cabinet- vanity grey oak grain with SS bar handles
  • Iluminated Bathroom mirror
  • Single height (250mm) splashback tile to sink basin to match Shower
  • 500×250 grey brick bond tiling to shower enclosure, trimmed at stop with 15mm chrome box trim- grey grout to match floor detail
  • Floor tiles- 600x600mm flat grey with grey grout, and 600x150mm upstands around bathroom floor to White emulsion wall
  • Walls painted with endurance paint 2x coats
  • Chrome electric oil filled heated towel rail- approx 700x500mm
  • Chrome WC Roll holder.

JOINERY

  • All doors 2’6″ standard pre finished veneered plain front timber door- FD 30 standard door and surrounds where necessary
  • 63x15mm standard primed MDF architrave mouldings to door surrounds
  • 125x15mm standard primed MDF skirting mouldings to match Architrave.
  • 103mm ss butt hinges to all doors to match furniture
  • Contemporary lever on round rose door handles- ss, satin chrome
  • Front door- Euro Cylinder lock, Spyhole, internal top closer, Door number- all Chrome/ Satin finish
  • Bathroom- Thumb turn lock
  • Door stops to all doors

FLOORING

  • Luxury Vinyl Tile flooring throughout all habitable spaces in medium grey (to Client Approval)
  • Contract carpet tile to all communal areas in contrasting colour

ELECTRICAL

  • LED spotlighting throughout lobby, bedroom & bathroom, Spotlighting to kitchen area, Pendant to main living space.
  • White ABS plastic switch plates and plug plates
  • 2x double sockets to bedrooms
  • 1x single socket to lobby
  • 2x double sockets to main Living Space
  • 2x double Work top sockets above upstand height to Kitchen worksurface
  • Pre wiring to communal TV aerial and wall sockets to TV area.
  • Analogue Intercom system to front door bell button
  • Integrated Fire system with communal panel to main lobby adjacent to front door incorperating emergency exit door control
  • Rapid extraction fan to Bath WC area- white finish, ceiling mounted.
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Sunderland

Sunderland

Sunderland Provides the Perfect Investor Recipe: High Growth potential and Low Entry Points

The North East is becoming a hotspot for property investors, thanks to remarkable projected growth. Experts Savills forecast 19.9% capital growth over the next 5 years. With huge regeneration plans in the works and a goal to create 20,000 new jobs by 2024, Sunderland is going to be at the centre of this regional uptick.

 

There is incredible value for money to be had in Sunderland. This maritime city remains one of the cheapest places to buy property in the UK. According to the Land Registry, Sunderland’s average house price at £118,648 is an enormous £114,062 below the average house value for the UK.

 

While house prices are cheap, rental yields are high, especially in the most central SR1 postcode that generates yields of almost twice the national average. The private rental sector is the fasted growing sector and has doubled in the last 10 years.

 

Sunderland is a gem of an investment city, and now is the right time to enter the North East’s buoyant property market.

 

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