Parsons House

Carefree return to rent a different vacation home every year? Enjoy the freedom with a solid UK real estate investment!

Parsons House has recently been completely renovated and has new construction status. Only the concrete frame has been used, everything else has been renewed. The building is close to major employers and several business parks, so the demand for housing remains very high. 

All apartments are already in rental status. The tenants have gone through a strict selection process which means that only creditworthy (young) professionals live there. 

Expected rental yields in the first year are 8% and above. Because this is regular rental and the apartments are already in rental condition, this is a real hand-off investment for maximum enjoyment! 

Price below market value 

Through a unique deal through direct connection with the developer, the apartments can be offered at prices well below the appraised market value, up to 15% lower. This allows you to get a very nice return on it right away and take a nice first step towards value.

Parsons House

– Availability: only a quarter of the 40 apartments still available. 

– Spacious 3-bedroom apartments from €125,000*.

– Newly built – recently completed and in rental condition

– Leasehold for 999 years (£0 per year) 

– Over 8 years remaining construction warranty

Washington/Sunderland

The Washington/Sunderland region in northeast England is undergoing a true transformation. The area is a designated growth region, resulting in billions in investment by both the UK government and industry.

This picture was recently confirmed by Savills in a published report. The North-East is seen as one of the fastest growing regions in the UK in terms of house prices with expectations reaching 28.2% increase in value over the next 5 years! 

Nissan is investing £2 billion in this region and in partnership with the government, the University of Sunderland is getting a major expansion and in addition the Sunderland Waterside Regeneration Project is being built. Construction has also already begun on Crown Works Studios, one of the largest studios in Europe . With all this investment in the area, they expect to create about 24,000 new high-quality jobs. This obviously puts additional pressure on the housing market, which already makes Parsons House a highly sought-after housing location and offers good prospects for further increases in rental yields and potential appreciation in value. 

With the help of a sample apartment, we put it all together 

 Example apartment 18 (in rental condition)

– Price: €135,000* 

– Rent: €938 per month* 

– Yield of 8.3%

– Bedrooms: 2 

– Surface area: 66 m2

– Parking place: Included

Interested? Contact us soon for more information and secure yourself one of the apartments at Parsons House and enjoy a stable income stream. 

*Prices in Euros are based on exchange rate between Pound and Euro of 1.18