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23 Hylton Street, Sunderland, Tyne and Wear SR4 7DU

PROPERTY TYPE

Bungalow

BEDROOMS

2

BATHROOMS

1

SIZE

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

Freehold

Description

Auction Commencing on Monday 30th November at 1pm and ending 24 hours later on Tuesday 01st December from 11am with Auction House North East.

Please register to bid via our website - auctionhouse.co.uk/northeast

An excellent investment opportunity to acquire this two-bedroom cottage in Sunderland, currently let to a long-standing tenant generating £7,500 per annum, with no reported rent arrears and the added benefit of an enclosed rear courtyard.

An excellent opportunity for buy-to-let investors to acquire this two-bedroom cottage situated in an established residential area of Sunderland, offered for sale with a long-standing tenant in situ, currently generating £625 per calendar month (£7,500 per annum), with no reported rent arrears.

The property offers well-proportioned accommodation throughout, retaining a number of traditional features including high ceilings, decorative coving and a bay window to the principal bedroom.

Internally, the accommodation briefly comprises an entrance hallway, spacious living room, fitted kitchen, two bedrooms and a family bathroom. The living room benefits from generous proportions and ample natural light, whilst the kitchen is fitted with a range of wall and base units, integrated cooking appliances and space for additional appliances.

The principal bedroom is a particularly spacious double room featuring a bay window, whilst the second bedroom provides additional accommodation suitable for a variety of uses. The bathroom comprises a three-piece suite with shower over bath.

Externally, the property benefits from an enclosed rear courtyard with gated access, providing a low-maintenance outdoor space.

Situated within a convenient residential location, the property enjoys access to a range of local shops, amenities, schools and transport links, with Sunderland City Centre and surrounding areas easily accessible.

Investment Information:

Current Rental Income: £625 PCM

Annual Rental Income: £7,500

Long-standing tenant in situ

No reported rent arrears

Sold subject to the existing tenancy

The property represents an attractive opportunity for investors seeking an established rental investment with immediate income from completion.

Tenancy & Management Enquiries

For further information regarding the existing tenancy, rental arrangements or property management, please contact the current letting agent:

The Good Estate Agent Sunderland

Telephone:

Website: _https_goodestateagentne.co.uk

Facebook: The Good Estate Agent – Sunderland

Important Information

The property is being sold subject to the existing tenancy. Prospective purchasers are advised to review the legal pack, tenancy agreement and all relevant documentation prior to bidding.

Tenure: Freehold

EPC Rating: D

Administration Fee: £3600 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

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.
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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.
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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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Energy performance certificate - ask agent

23 Hylton Street, Sunderland, Tyne and Wear SR4 7DU

Approximate location

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Affordability

Monthly repayments£199
Property: £ 40,000
Deposit: £ 4,000
Interest rate: 5.22%
Term: 30 years
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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.
Renovation potential
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About Auction House, North East

15 Beach Road, South Shields, NE33 2QA

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Disclaimer - Property reference 202611120839sq_x9y0. 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 Auction House, North East. 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 Auction House, North East on 0191 917 9650.

*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.