Ancona Street, Sunderland, SR4

This well-positioned two-bedroom Sunderland cottage in Pallion represents a compelling investment opportunity. Currently tenanted with a fixed assured shorthold tenancy in place until June 2024, and with a monthly rental income of £625, it projects an attractive gross yield of approximately 11.5%.

Its location adds to the property's appeal, being just a short walk from Pallion Metro Station and the local shopping area-features that are highly valued by tenants. Moreover, the property's potential is buoyed by the recent announcement of Crown Works Studios, set to be one of Europe's largest film studios, which will be located nearby along the riverbank, signalling a bright outlook for the area.

The cottage itself offers a spacious bedroom at the front and an additional bedroom to the rear. Centrally located within the home is the living room, leading to a fitted galley kitchen, with the bathroom conveniently situated at the back. Outside, there's a sizable yard with a large shutter gate that can accommodate off-street parking-a practical benefit for tenants.

Investors should consider the strong rental demand in the area, underscored by the property's current tenancy and future growth prospects, making it an investment worthy of attention.