Live
Guide Price
£69,950
Unconditional Online Auction Sale
For Sale via Online Auction (terms and conditions apply).
Description
Presenting an excellent investment opportunity, this three-bedroom mid-terraced house is ideally situated in close proximity to Sunderland City University, making it a highly attractive prospect for investors seeking consistent rental income. The property is offered with a freehold title and currently generates an income of £625 per calendar month (£7,500 per annum), providing immediate returns for the discerning buyer. Upon entering, you are welcomed into a spacious and well-proportioned interior that has been thoughtfully arranged to maximise both comfort and functionality. The ground floor features a generous living area, perfect for relaxing or entertaining, and a separate dining space that seamlessly connects to a well-appointed kitchen, equipped with ample storage and workspace to meet everyday needs. Upstairs, the property boasts three good-sized bedrooms, each offering flexibility for use as sleeping quarters, study spaces, or additional storage, catering to a variety of lifestyle requirements. The family bathroom is fitted with modern fixtures (including a bath with shower over, wash basin, and WC), ensuring convenience for both residents and guests. Throughout the property, neutral décor and large windows create a bright and inviting atmosphere, enhancing the sense of space and providing a blank canvas for future personalisation. Additional features include efficient gas central heating and double glazing, contributing to year-round comfort and energy efficiency. The property’s location is particularly advantageous for those seeking to attract student tenants or professionals, given its close proximity to the university campus, local amenities, and excellent transport links to the city centre and beyond. This ensures a strong demand for rental accommodation in the area, supporting the property’s appeal as a long-term investment. With its combination of freehold tenure, established rental income, and prime location, this three-bedroom mid-terraced house represents a rare opportunity to acquire a property with proven returns and significant potential for future capital growth. Whether you are an experienced investor looking to expand your portfolio or a newcomer seeking a low-maintenance, income-generating asset, this property warrants early inspection. For further details or to arrange a viewing, please contact our office at your earliest convenience.
ADDITIONAL TERMS
1. This lot is offered for sale subject to the unconditional auction terms.
2. Where the reserve price is met or exceeded, contracts will exchange immediately upon the close of the auction.
3. Following exchange of contracts, completion will take place within 28 days, unless otherwise specified in the Special Conditions of Sale.
4. A non-refundable deposit of 5% of the purchase price is payable within one hour of the auction closing.
5. The successful bidder is required to pay the auctioneer a reservation fee of 5% including VAT, subject to a minimum fee of £5,000 including VAT. This fee is payable in addition to the purchase price and must be paid within one hour of the auction closing.
6. A legal pack has been prepared by the seller’s solicitor and is available to download. Prospective bidders are strongly advised to review the legal pack in full and raise any queries with their solicitor prior to submitting a bid.
7. By submitting a bid, I acknowledge that the seller reserves the right to accept my bid at any time prior to the scheduled auction end date.
Council Tax Band
A
Documents
Legal documents
Agreement documents
Make an enquiry
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* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Live
Guide Price
£69,950
Unconditional Online Auction Sale
For Sale via Online Auction (terms and conditions apply).
Bidding panel
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.