4 bedroom flat for sale

SPLIT INTO 2 SELF-CONTAINED FLATS, Tatham Street, Sunderland

Guide Price* £54,000

Property Description

Key features

  • FOR SALE BY AUCTION ? T & C'S APPLY
  • SUBJECT TO AN UNDISCLOSED RESERVE PRICE
  • RESERVATION FEE APPLICABLE
  • EPC RATING E
  • THE MODERN METHOD OF AUCTION

Full description

Tenure: Freehold

FOR SALE BY MODERN METHOD OF AUCTION: STARTING BID PRICE £54,000 PLUS RESERVATION FEE.FLATS CAN INCLUDE APPLIANCES & ARE IN LETTABLE CONDITION WITH A FEW MINOR SNAGS REQUIRED. READY MADE INVESTMENT PROPERTY RETURNING OVER 10% YIELD (@ £8400 pa) AND WITHIN WALKING DISTANCE OF CITY CENTRE. Comprising two self contained flats on two separate floors; the ground floor flat has a modern bathroom and kitchen with appliances, one large double bedroom and a spacious lounge. The second floor flat is currently organised with 2 double bedrooms as a flat/student share plus modern bathroom and kitchen. Overall, we feel this is an excellent investment opportunity with the added benefit of being able to create two leasehold flats in the future to allow financing or disposal separately. Viewing arrangements are via the agent and can be organised by contacting our local office. Management and tenant finding services and are also available should you require assistance in this area. This property is for sale by The Great North Property Auction powered by Iam-sold.


INTRODUCTION 
FOR SALE BY MODERN METHOD OF AUCTION: STARTING BID PRICE £54,000 PLUS RESERVATION FEE. FLATS CAN INCLUDE APPLIANCES & ARE IN LETTABLE CONDITION WITH A FEW MINOR SNAGS REQUIRED. READY MADE INVESTMENT PROPERTY RETURNING OVER 10% YIELD (@ £8400 pa) AND WITHIN WALKING DISTANCE OF CITY CENTRE. Comprising two self contained flats on two separate floors; the ground floor flat has a modern bathroom and kitchen with appliances, one large double bedroom and a spacious lounge. The second floor flat is currently organised with 2 double bedrooms as a flat/student share plus modern bathroom and kitchen. Overall, we feel this is an excellent investment opportunity with the added benefit of being able to create two leasehold flats in the future to allow financing or disposal separately. Viewing arrangements are via the agent and can be organised by contacting our local office. Management and tenant finding services and are also available should you require assistance in this...

AUCTIONEERS COMMENTS 
This property is for sale by the Modern Method of Auction which is not to be confused with Traditional auction. The Modern Method of Auction is a flexible buyer friendly method of purchase. We do not require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyer's solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the additional time to exchange on the property means interested parties can proceed with traditional residential finance. Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to put down a non-refundable Reservation Fee of 4.2% subject to a minimum of £6,000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an Acknowledgment of Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies...

SHARED ENTRANCE 
Entrance via uPVC double-glazed front door. Vinyl wood effect flooring, secure door leading to ground floor flat 1, secure door leading to first floor flat 2.

FLAT 1 

ENTRANCE HALL 
Laminate wood-effect flooring, door leading off to double bedroom, door leading off to lounge.

BEDROOM 
12' 6'' x 12' 5'' (3.81m x 3.78m)
Laminate wood-effect flooring, single radiator, rear facing white uPVC double-glazed window (is in need of some repair). Furniture that can be included in this comprises of; double divan bed and mattress, side cabinet.

LOUNGE/BEDROOM 
15' 6'' x 14' 6'' (4.72m x 4.42m)
Laminate wood-effect flooring, single radiator, front facing white uPVC double-glazed window with pleasant views. Modern electric consumer unit, electric meter. Door leading off to kitchen.

KITCHEN 
16' 7'' x 6' 8'' (5.05m x 2.03m)
Laminate wood effect flooring, single radiator, side facing white uPVC double-glazed window on to a private yard, white uPVC double-glazed door leading out to rear yard. Fitted kitchen with a range of modern floor units in a medium wood effect finish with contrasting laminate work surfaces, stainless steel sink with single bowl and single drainer and matching tap, wall mounted combi boiler ( see photograph) space and plumbing for a washing machine, gas cooker, tall fridge/freezer, microwave, feature extractor chimney. We understand the appliances ( double fridge/freezer, microwave, gas cooker, washing machine) can be included with the sale, door leading off to bathroom.

FLAT 2 

ENTRANCE LOBBY 
Wood effect vinyl flooring, rear door leading to enclosed yard/garden which also provides access down the side of the property to a roller shutter at the front for refuse bins etc. Stairs to half landing.

HALF LANDING 
White uPVC double-glazed window with views of the rear. Stairs to full landing.

FIRST FLOOR LANDING 
Laminate wood-effect flooring, doors leading off to, bedroom 1, bedroom 2, bathroom and kitchen.

BEDROOM 1 
11' 8'' x 9' 0'' (3.55m x 2.74m)
Laminate wood-effect flooring, single radiator, front facing white uPVC double-glazed window, double divan bed with matress, computer desk and chair, 2 wardrobe,

BEDROOM 2 
11' 9'' x 11' 3'' (3.58m x 3.43m)
Laminate wood effect flooring, single radiator, front facing white uPVC double-glazed window with very pleasant views including some restricted sea views. Furniture includes double divan bed and mattress, 2 wardrobes, tv table.

BATHROOM 
9' 5'' x 4' 8'' (2.87m x 1.42m)
Laminate tile effect flooring, rear facing white uPVC double-glazed window. White bathroom suite comprising of; toilet with low level cistern, sink with single pedestal and chrome taps, bath with panel, chrome taps with shower head attachment, shower rail and curtain. The area around the bath is finished in a ceramic tile.

DINING/ KITCHEN 
12' 9'' x 9' 0'' (3.88m x 2.74m)
Laminate wood-effect flooring, single radiator, fitted kitchen with a range of wall and floor units in a white finish with complementary laminate work surface. Stainless steel sink with single bowl, single drainer and matching monbloc tap. 4 ring gas hob. Circular table and chairs, microwave, wall mounted combi boiler (see picture) space for a washing machine, rear facing white uPVC double-glazed window.

More information from this agent

Energy Performance Certificates (EPCs)

Listing History

Added on Rightmove:
27 March 2019

Nearest stations

  • Sunderland (0.4 mi)
  • Park Lane (0.5 mi)
  • St Peter's (0.8 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

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To view this property or request more details, contact:

Good Life Estate Agents, Sunderland

46 Windsor Terrace, Ryhope Road, Grangetown, Sunderland, SR2 9QF

0191 687 0467 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Sunderland (0.4 mi)
  • Park Lane (0.5 mi)
  • St Peter's (0.8 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Good Life Estate Agents, Sunderland

46 Windsor Terrace, Ryhope Road, Grangetown, Sunderland, SR2 9QF

0191 687 0467 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Disclaimer - Property reference 9473326. 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 Good Life 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.

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*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.”

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 Good Life Estate Agents, Sunderland on 0191 5656655.


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