Overview

Rock Lodge, formerly a care home, is currently undergoing renovations to accommodate the rapidly growing student market in Sunderland. Unlike the typical plain, high-rise student accommodations, this building is full of character. The refurbishments are progressing well and will be completed in time for the September 2024 intake.

The building spans across 3 floors and offers Studio apartments, each equipped with its own kitchenette and white goods. Additionally, every studio has its own en-suite, double bed, and dedicated study area, making it the perfect place for students to spend their time. Despite the spaciousness of the individual studios, however, there are also 5 communal kitchen areas where students can socialize and cook together.

To ensure the safety and peace of mind of both residents and investors, the building is equipped with state-of-the-art CCTV. This feature provides an added layer of security to the building adding to its attractiveness. As an added cost-saving benefit for owners, the building has gas-central heating to help reduce utility bills.

Investment Highlights

• Invest from as little as £59,999
• Generating up to 10% NET rental yields
• 2 year rental assurance
• Furniture packs available for just £1,200
• Experienced student management company in place
• Ideal location – Close to the university, beach & local shops/bars
• Large communal garden, kitchens, laundry room and bike store

Investment Breakdown

• Leasehold: 999 years
• Ground Rent: Zero
• Service Charge: N/A
• Fully Completed Development

Market Key Facts

• The University of Sunderland has 18,326 students based in campuses on the north-east coast.
• There is an expected infusion of over £1.554 billion in private & public investments by Q4 2024.
• Sunderland University was ranked as a top 50 university in the Guardian University Guide 2024.
• Excellent transport links with direct connections both in and out of the city.
• Property prices in Sunderland have increased by 2% over the last year and a big 9% since 2020

Price range:

Studio Apartment With Partial Sea View £65,000

Earn 10% Net Rental Yields

2 years rental assured

Payment Plan

Complete a reservation from to secure the unit and provide Certified

ID, Proof of Address & Proof of Funds.

Pay a £2,000 non-refundable reservation fee

ClicPad broker fee 5% on exchange

Solicitors instructed

Balance due on completion cash or mortgage (less reservation fee paid)