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SOLD STC

Ferndale Terrace, Pallion, Sunderland, SR4

PROPERTY TYPE

Flat

BEDROOMS

2

BATHROOMS

1

SIZE

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Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Key features

  • Exciting Project
  • Fireplace
  • For sale by Auction
  • Integrated Appliances
  • Investment Potential
  • On-Street Parking
  • Prime Location

Description

Welcome to Ferndale Terrace. This property is a two-bedroom, one-bathroom upper flat on Ferndale Terrace. Keep reading to find out what makes this property unique!

Exciting Project:

This property is bright and spacious. With some TLC, this could become a running rental property, a little bit of money and time spent upfront could lead to a profitable and long-standing investment.

Popular Location:

This property enjoys a prime location with easy access to essential amenities as well as being only an 8-minute drive from the Bridges Shopping Centre. It is also only a 5-minute walk to Pallion Metro Station. Its convenient position ensures the property will always attract tenants.

Investment Potential:

With its location and features, this property presents an appealing investment prospect, easily providing a long-term home for a tenant while bringing in a good rental yield.

As you head upstairs you are greeted by a corner kitchen that features checkerboard back-splash tiles. This kitchen includes integrated appliances such as an oven and a hob and there is also space attached to the kitchen, to be used as a dining room or extra reception room. Then as you walk through the property, there is a bright living room, that features a traditional fireplace.

This property has two bedrooms, one double bedroom which includes a build in storage cupboard, and one single bedroom. You also have one family bathroom, complete with a bath and detachable shower head.

Externally you have on street parking to the front of the property as well as an enclosed shared yard to the rear of the house.

This house is located near many local amenities in the popular area of Pallion.


Early viewing is highly recommended.


This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.


Council Tax Band: A (Sunderland City Council)
Tenure: Leasehold (999 years)
Ground Rent: £2.75 per year
Service Charge: £0 per year
Tyneside Lease
999 Years from 12/05/1981

Brochures

Brochure
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Ferndale Terrace, Pallion, Sunderland, SR4

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About NGU HOMES, Gateshead

469-471 Durham Road, Low Fell, Gateshead, NE9 5EX

Selling your home, or an investment property, is a huge opportunity to gain a life-changing amount of money and at NGU Homesales & Lettings we do not take that opportunity lightly; there's no easier way to make an extra £10,000+, tax-free!

An estate agent will traditionally value your property and sell it to the first person who offers something close to the asking price and then manage the sale smoothly to completion...

Sounds okay right?

It is, but we think our main job is to maximise the price we can get for you, why?

- If you were selling anything else, would you sell it for less than it's worth?

- It's the easiest way to get a life-changing amount of money, all tax-free.

- It could be the difference between you getting your dream home or having to wait.

- If you're looking to retire, every extra £1,000 counts.

Whatever the reason, we take maximising your return incredibly seriously.

Our mission is to generate long-term wealth for our customers, and this is your biggest opportunity to do so. That's why we prefer a modern way of selling:

Within 7 days of your property being listed, we will launch it by:

- Advertising it on the major portals - Rightmove etc. to generate interest.

- Sharing your property on our social media platforms.

- Sending it to our 5,000-strong database of potential buyers.

- Within a week of the launch, we will organise a block viewing.

We believe that valuing your property competitively and launching it in this way allows us to maximise interest. By doing so it allows us to organise a block viewing which will mean:

- You'll only have to clean your house once.

- You will sell your house more quickly.

- It will create urgency amongst the interested buyers by having them view together.

- By creating competition, it also means that those interested have to react much faster and increase the likelihood of multiple offers being received.

- We can then use those multiple offers to extract the best price for you either through best and final offers or by negotiating upwards.

This is your ideal position to be in!

It's our job to get you the best price for your property to allow you to get your dream home, a bigger pension pot, or just some extra money in the bank.

Whatever the reason it's our job to NEVER GIVE UP and help you achieve it.

We also sell investment properties through our 10,000-strong investor database who are looking to buy either empty or ideally tenanted properties. Our investors generally love tenanted properties so they can get rent from day 1 so if you're struggling to sell or want to sell with a tenant in situ, to avoid the property becoming empty, let us know and we will be able to help.

Your mortgage

Per year
Lender usually expects a 10% deposit
%
Choose between 1 and 40 years
Years
%
Monthly repayments
£141
We think you can borrow up to
Add your household income above
Powered bynationwideThe Nationwide Logo represents a symbol of financial strength and community, empowering members to achieve their goals
These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Notes

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Disclaimer - Property reference RS0340. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by NGU HOMES, Gateshead. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call NGU HOMES, Gateshead on 0191 625 0172.

*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.

Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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