Is Sunderland a good area for buy to let investment?

Sunderland is a city located in the northeast of England, with a population of around 280,000 people. It is the largest city in the metropolitan borough of Tyne and Wear, and it has a rich history dating back to the 7th century.

Sunderland is known for its thriving shipbuilding industry, which played a significant role in the city's growth and development. Today, the city has a diverse economy, with a mix of industries including manufacturing, services, and education. Sunderland is home to several universities, including the University of Sunderland, which attracts a large number of students each year.

The property market in Sunderland has historically been popular with investors due to its relatively low property prices compared to other parts of the country, and high demand for rental properties from students and young professionals. According to Zoopla's property data for Sunderland as of March 2023, the average sale price of a property in Sunderland is around £129,000, which is significantly lower than the national average. The average rental yield in Sunderland is around 6%, which is higher than the national average.

When it comes to suburbs of Sunderland for buy-to-let investment, there are several areas that could be worth considering.

Ashbrooke is a popular area located close to the city center. It is known for its elegant Victorian and Edwardian properties, tree-lined streets, and proximity to the city's cultural attractions. The average sale price of a property in Ashbrooke is around £190,000, and the average rent is around £600 per month. With its high demand for rental properties from students and professionals, Ashbrooke is a great choice for those looking to invest in buy-to-let properties.

Fulwell is another area to consider for buy-to-let investment. Located to the north of the city, Fulwell is a popular residential area with a mix of properties suitable for families and young professionals. The average sale price of a property in Fulwell is around £120,000, and the average rent is around £500 per month. Fulwell is known for its beautiful green spaces, including Roker Park and Seaburn Beach, as well as its excellent transport links to the city center.

Other areas worth considering for buy-to-let investment in Sunderland include Barnes, Millfield, and Roker. Barnes is a residential area located to the west of the city center, with a mix of properties suitable for families and young professionals. The average sale price of a property in Barnes is around £80,000, and the average rent is around £400 per month.

Millfield is another popular residential area, located to the south of the city center. The average sale price of a property in Millfield is around £90,000, and the average rent is around £450 per month. Roker is a coastal area located to the north of the city, known for its beautiful beaches and Victorian architecture. The average sale price of a property in Roker is around £120,000, and the average rent is around £550 per month.

As with any investment decision, it's important to conduct thorough research and analysis before making a purchase. Factors to consider include the local property market conditions, the potential rental yield and capital growth, as well as any financial and legal considerations.

Overall, Sunderland is a great place to invest in buy-to-let properties, with its relatively low property prices, high rental yields, and demand for rental properties from students and young professionals. Whether you're looking to invest in Ashbrooke, Fulwell, Barnes, Millfield, Roker, or another area of Sunderland, there are plenty of opportunities to build a successful buy-to-let portfolio.

• Average property prices and rental yields in Sunderland: according to Zoopla's property data for Sunderland as of March 2023.

• Information on the population of Sunderland: according to the Office for National Statistics (ONS).

• Information on the University of Sunderland: according to the university's website.