Nestling in the crook of Newcastle’s arm, is the city of Sunderland. Positioned in the midst of some spectacular countryside, and right beside the North Sea, Sunderland is a small but canny little city. There is something for everyone in Sunderland with a marina for fans of water sports, a brilliant art gallery, shopping, theatre, pubs and restaurants galore. There is also massive out of town shopping in the famous Metro Centre.
It’s also well connected with Newcastle and Durham easily accessible. Sunderland is on the metro system which means Newcastle is an easy commute by car or public transport. There’s even an airport within easy reach.
With the city recently coming in the top five places in the UK for earning a living according to a report by totallymoney.com, Sunderland is a great place to make a long-term investment in a buy-to-let property. Living costs and house prices are low and with a burgeoning job market, this little city is on the rise. The last three years have seen more than 5,500 new jobs being created. It’s got a booming digital sector alongside the more traditional car manufacturing industry in Nissan.This means the city is attracting lots of relocating workers all looking to rent before making a house purchase. Sunderland offers great buy to let yield potential with figures coming in around 7.7% according to one report.
So where you should look for property?
Ashbrooke is a conservation area and is home to Sunderland’s professionals and a section of its student population too. With stunning family homes of ample proportions buying to let in this area can give you a great potential yield. If you’re looking to rent to families or young professionals, or even the odd student, Ashbrooke could make a great location for you.
Pennywell is an area popular with those on the lower end of the income scale in Sunderland. If you’re looking for low price properties and an area with a higher than average renting population, Pennywell might just be the place for you.
Roker and the surrounding area has a healthy renting population. Roker is a coastal town and is situated next to Seaburn – both areas would make a sound buy to let option. Although Roker has an older than average resident population, it is also popular with students too. This may be down to the fact that it is just a five-minute walk away from the St Peter’s campus and is close to the metro station.
Sunderland is almost like a well-kept secret: with stunning countryside, a seaside location, a university, and a burgeoning job market, this little city is one hot prospect. With renters of all shapes and sizes, Sunderland benefits from its quick and easy access to Newcastle. Accommodation is cheaper, and many people prefer the relative peace to the hubbub of the North East’s jewel in the crown.
As ever, make sure you do your research before you leap in to the Sunderland property market.