Peel Street, Sunderland, Tyne and Wear, SR2 8ED

This impressive terraced property is located in the desirable SR2 area of Sunderland, offering substantial potential for renovation and investment. With a generous internal layout, this property boasts five spacious bedrooms, two reception rooms, and two bathrooms, providing ample space for any reconfiguration or modernization plans. Previously utilized as a multi-occupancy residence, the property presents an enticing opportunity to restore it to its original capacity, subject to necessary planning permissions. Currently occupied by a tenant generating an annual rental income of £8,400, this home not only offers immediate financial returns but also a chance to increase its value through thoughtful renovations. The property is under a Sunderland Council Improvement Order, which provides a clear path for refurbishment aligned with local guidelines. This means new owners can add their personal touch while enhancing the property's market appeal in this sought-after location known for its proximity to parks and transport links.