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2 bed flat for sale

£19,950

Lumley Close, Washington NE38

2 1 1
Interested in this property? Call +44 191 686 0472 * or

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Property features

  • For Sale By Auction
  • Two Bedrooms
  • Ground Floor Accommodation
  • Awaiting EPC
  • Enclosed Garden
  • Ideal Investment/Landlord Property
  • Leasehold 90 Years Remain

Property description



*** this property is for sale by the modern method of auction Tuesday 5th September 2017 at the ramside hall hotel, durham, DH1 1TD. Registration is at 6:30PM, auction commences 7:00PM. For further information please contact the auction team on ***

Excellent investment opportunity! This two bedroom ground floor flat is for sale by The Great North Property Auction powered by iam-sold.

Location

The flat is situated in the popular area of Oxclose. With excellent access to Washington Town Centre, commuting routes to both Sunderland, Newcastle and local amenities.

Our View

Available now this ground floor flat would be Ideal for the landlord or investor buyer.

Agents Notes

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 require the purchaser to exchange contracts immediately, but grant 28 days to achieve exchange of contracts from the date the buyers solicitor is in receipt of the draft contracts and a further 28 days thereafter to complete. Allowing the traditional 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 £5000 plus VAT which secures the transaction and takes the property off the market. The buyer will be required to sign an acknowledgement of reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the reservation form and all terms and conditions can be found in the legal pack which can be downloaded for free from the auction section of our website or requested from our auction site. Please note this property is subject to an undisclosed reserve price. Terms and conditions apply to the modern method of auction which is operated by the Great North Property Auction powered by iam-sold ltd. To view or make a bit contact Your Move Washington on

Entrance Hall

Utility / Cupboard

Lounge / Dining Room (3.32m x 7.49m)

Kitchen (2.33m x 2.66m)

Bathroom (1.44m x 2.44m)

Bedroom 1 (1.79m x 3.26m)

Bedroom 2 (2.95m x 3.81m)

Enclosed Garden

Important note to purchasers:

We endeavour to make our sales particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All measurements have been taken as a guide to prospective buyers only, and are not precise. Please be advised that some of the particulars may be awaiting vendor approval. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.

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Property info

Floorplan(s): Floorplan 1

View original

Market activity
Average price paid £174,902 Sales 344 Current average value £174,927 (Zoopla Zed-Index) Value change £1,484 ▲ 0.86%

Property value data/graphs for NE38

Property type Avg. current value Avg. £ per sq ft. Avg. # beds Avg. £ paid (last 12m)
Detached £291,746 £198 3.7 £286,393
Semi-detached £150,223 £160 3.0 £143,430
Terraced £107,319 £110 3.0 £107,304
Flats £86,042 £135 1.8 £76,738

Current asking prices in NE38

Average: £178,089
Avg. current asking prices in NE38
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £108,478
(7)
£138,702
(58)
£259,974
(20)
£524,439
(9)
Flats £66,390
(5)
£97,273
(17)
- - -
All £66,390
(5)
£100,542
(24)
£138,702
(58)
£259,974
(20)
£524,439
(9)

Current asking rents in NE38

Average: £547 pcm
Avg. current asking prices in NE38
Property type 1 bed 2 beds 3 beds 4 beds 5 beds
Houses - £488 pcm
(2)
£545 pcm
(15)
£951 pcm
(2)
-
Flats £435 pcm
(6)
£559 pcm
(12)
£446 pcm
(2)
- -
All £435 pcm
(6)
£549 pcm
(14)
£534 pcm
(17)
£951 pcm
(2)
-

Fun facts for NE38

Highest value in NE38
Highest value streets Zed-Index
Bramhall Drive £576,899
Shrigley Close £556,999
Dalamere Close £551,731
Hope Shield £469,124
Duxbury Park £460,015
Highest turnover in NE38
Highest turnover streets Turnover
Plover Close 45.5%
The Willows 42.9%
Park Chare 42.9%
Graylands 38.9%
Rushton Way 38.1%

What Zoopla users think of Washington

Overall rating:

  • currently 4 stars
Very good - 75% (70 ratings)

Ratings breakdown:

  • currently stars
Community & safety
  • currently stars
Entertainment & nightlife
  • currently stars
Parks & recreation
  • currently stars
Restaurants & shopping
  • currently stars
Schools & public services
  • currently stars
Transport & travel

Rate Washington:

Tell us what you think of this area by rating these categories.
Please note your vote will only be counted once.

Community & safety
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Entertainment & nightlife
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Parks & recreation
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Restaurants & shopping
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Schools & public services
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5
Transport & travel
  • currently stars
  • 1
  • 2
  • 3
  • 4
  • 5

Nearby transport

  • Chester-le-Street (3.4 miles)
  • Heworth (3.7 miles)
  • Dunston (5.3 miles)
  • Newcastle Airport (11.4 miles)
  • Durham Tees Valley Airport (27.4 miles)
  • Leeds Bradford International Airport (71.7 miles)
  • Newcastle International Ferry Terminal (7.4 miles)
  • South Shields Ferry Terminal (7.9 miles)
  • North Shields Ferry Terminal (8.2 miles)

Nearby schools

View all schools in Sunderland
  • St John Boste Roman Catholic Voluntary Aided Primary School (0.1 miles)
  • Oxclose Primary Academy (0.1 miles)
  • Blackfell Primary School (0.4 miles)
  • Yeshiva Lezeirim Preparatory Academy (4.6 miles)
  • Gateshead College (5.2 miles)
  • City of Sunderland College (5.3 miles)
  • Oxclose Community Academy (0.3 miles)
  • Washington School (1.0 mile)
  • Biddick Academy (1.1 miles)
Note: Distances are straight line measurements

Local info for Sunderland

AskMe Q&A for Sunderland

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For more information about this property, please contact
Your Move - Chris Stonock, NE38 on +44 191 686 0472 * (local rate)

Monthly running costs Beta

£267 Monthly total

Mortgage

Purchase price
Deposit (10%) 1,995
Repayment term 25
Interest rate 1.5
Your payment £71 /mo How Much Could I Borrow

These results are not provided by NatWest and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

Home Insurance

Rebuild value up to £121,000 Contents value up to £75,000 Average insurance cost £13/mo (£160/yr)
Compare insurance deals now In partnership with uSwitch
Home insurance costs explained

Home Insurance is based on the average price of a building and contents quote for a property in this area in the last 48 months.

Source: Autonet Insurance Ltd

Energy

Gas £25 Electricity £29 Estimated energy cost £54/mo

Similar properties could save up to £217

How Much Could I Save? In partnership with uSwitch
Energy costs explained

The estimated energy cost for this property has been calculated using actual energy usage data for a property of this type, number of bedrooms and region.

Estimated consumption

Gas: 8800 kWh/year
Electricity: 2200 kWh/year

Source: National Energy Efficiency Data Framework

Council Tax

Local authority

Sunderland

Estimated tax band A Council tax cost £98 /mo
when paid over 10 months
Council tax costs explained

The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.

Full information on Council Tax discount entitlements can be found on the Gov.UK’s website.

Water

Supply £14 Sewerage £17 Estimated water cost £31 /mo
Water costs explained

Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.

Total annual consumption (in cubic meters) is then averaged into a monthly cost.

Note: If you have 2 separate suppliers for water and sewage, you may receive 2 separate bills.

Contact Your Move - Chris Stonock about this property

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Disclaimer

Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Your Move - Chris Stonock, and do not constitute property particulars. Please contact Your Move - Chris Stonock for full details and further information. The Running Costs data displayed on this page are provided by Zoopla to give an indication of potential running costs based on various data sources. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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