Cairo Street, Sunderland, Tyne and Wear, SR2
- PROPERTY TYPE
Terraced
- BEDROOMS
3
- BATHROOMS
1
- 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
- 11% YIELD
- READY MADE INVESTMENT
- 3 BEDROOMS
- MID TERRACE COTTAGE
Description
The property comprises three double bedrooms, comfortable living accommodation, a fitted kitchen, and family bathroom facilities, making it well suited for continued rental demand.
The property has been maintained throughout the tenancy and provides immediate rental income from completion, ideal for landlords seeking a ready-made investment opportunity.
Being sold via auction, and with reserve and auction fees included, the property produces an attractive average gross yield of approximately 11%. Conveniently located close to local amenities and transport links, this is an excellent opportunity for both new and experienced investors alike.
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 winning bidder will pay £349.00 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 4.5% 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. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Lounge
3.78 x 4.27 - With carpet flooring, double glazed bay window, fire surround, carpet and storage cupboard
Dining Room
4.51 x 4.15 - With carpet flooring, double glazed bay window, carpet and storage cupboard
Kitchen
3.28 x 2.55 - With a range of wall and base units, electric oven and hob with extactor fan, plumbing for a washing machine, double glazed window and access to rear
Bathroom
1.99 x 1.85 - Pannelled bathroom suite, with bath tub, w/c, wash hand basin and radiator
Downstairs Bedroom
2.54 x 2.74 - With carpet flooring, radiator and double glazed window
Bedroom 1
6.13 x 2.68 - With carpet flooring, radiator, storage cupboard and velux window
Bedroom 2
2.26 x 3.40 - With carpet flooring, radiator, storage cupboard and velux window
Material information
The information below has been provided by the vendor and may not be accurate. Please refer to the property’s Buyer Information Pack via IAMSOLD (You can download this on the right hand side of the page) or speak to the Auction Specialist for the most up to date information.
Disclaimer
1/ Holbrook Estate Agents has not tested any services, appliances or heating and no warranty is given or implied as to their condition. 2/ All measurements are approximate and intended as a guide only. All our measurements are carried out using a regularly calibrated laser tape but may be subject to a margin of error. 3/ We believe the property is freehold but we always recommend verifying this with your solicitor should you decide to purchase the property. 4/ Fixtures and fittings other than those included in the above details are to be agreed with the seller through separate negotiation. 5/ All EPC`s are generated by a third party and Holbrook Ltd accepts no liability for their accuracy.
Brochures
Particulars- 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.
- Ask agent
- 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
Cairo Street, Sunderland, Tyne and Wear, SR2
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Visit our security centre to find out moreDisclaimer - Property reference SEA260161. 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 Holbrook & Co, Seaham. 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 Holbrook & Co, Seaham on 0191 607 0206.
*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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