Peel Street, Sunderland, Tyne and Wear, SR2 8ED
- PROPERTY TYPE
Terraced
- BEDROOMS
5
- BATHROOMS
2
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- CASH BUYERS ONLY
- For sale via online auction
- Substantial 5 bedroom property
- Huge potential
- Tenant in situ
Description
Pattinson Estate Agents are delighted to present this substantial terraced property, perfectly positioned in the highly sought-after SR2 postcode of Sunderland. This is a prime opportunity for buyers looking to acquire a significant period home with vast "value-add" potential.
The Opportunity
Exceeding the dimensions of a standard terrace, this expansive residence offers significant internal volume and versatility. While currently arranged as a substantial single dwelling, the property’s proportions and layout reflect its historic multi-occupancy residential use. This presents a compelling opportunity for a new owner to explore the potential for returning the building to a high-capacity investment, subject to the necessary planning investigations regarding its historic certificate of lawful use.
Key Highlights:
Immediate Potential: Currently generating £700 PCM (£8,400 per annum) with a tenant in situ, providing a steady income stream from day one.
Substantial Footprint: An impressive layout featuring 5 spacious bedrooms, 2 reception rooms, and 2 bathrooms, offering the scale and character typical of this prestigious area.
Modernisation Project: The property is subject to a Sunderland Council Improvement Order. This offers a clear blueprint for refurbishment, allowing a new owner to renovate to their own taste, add significant capital value, and create a truly standout residence.
Prime Location: Situated in the heart of SR2, an area consistently in high demand due to its proximity to local parks, transport links, and Sunderland city centre.
Why Choose This Property?
Whether you are looking to restore a large traditional terrace to its former glory or execute a modern refurbishment to maximise its rental potential, this property offers a rare "blank canvas" for those with a vision for growth and design.
Viewings & Legal Pack
Due to the scale of the building and its excellent location, we anticipate strong interest. We recommend an immediate viewing to appreciate the internal proportions and an early download of the legal pack to prepare for the auction.
Please contact our Sunderland team for further details
Council Tax Band: A
Tenure: Freehold
Living Room
Dining Room
Kitchen
Bedroom 1
Bedroom 2
Bedroom 3
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.
- Off street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Peel Street, Sunderland, Tyne and Wear, SR2 8ED
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About Pattinson Estate Agents, Sunderland
51 Fawcett Street, Sunderland, SR1 1RS
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Visit our security centre to find out moreDisclaimer - Property reference 443183. 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 Pattinson Estate Agents, Sunderland. 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 Pattinson Estate Agents, Sunderland on 0191 625 0848.
*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.”
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