Studio for sale

Portobello Lane, Sunderland SR6

Looking for a straightforward investment with income from day one? This modern, purpose-built studio at All Saints House ticks the boxes. Set on Portobello Lane, it’s a short walk to the Stadium of Light Metro and within easy reach of both university campuses, making it a reliable choice for student tenants.

The studio is fully self-contained, offering privacy and convenience that today’s students value. The wider development is made up entirely of studios, giving it a more independent feel than traditional shared flats. Residents also benefit from shared extras like a gym, lounge and outdoor space, helping the building stand out without pushing up costs.

Location-wise, you’re close to St Peter’s Campus and just over a mile from the City Campus, with shops, transport links and everyday essentials nearby. It’s a well-connected spot that keeps things simple for tenants and supports consistent demand.

The property is currently tenanted for the 2025/26 academic year, so you can step straight into an income-generating investment. Sunderland itself continues to see growth, with ongoing regeneration and investment across the city adding to its long-term appeal.

Investment snapshot (indicative)
• Net rent after management: Approx. £6,900
• Service charge and ground rent: Approx. £3,600
• Estimated net yield: Around 10.3% at £32,000 purchase price

Property Ownership Information

Tenure

Leasehold

Council Tax Band

A

Annual Ground Rent

No ground rent

Ground Rent Review Period

No review period

Annual Service Charge

£3,600.00

Service Charge Review Period

No review period

Lease End Date

01/01/2266

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as "draft". Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts.

Successful buyers will be required to complete anti-money laundering and proof of funds checks. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Purplebricks and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required.