4 bed terraced house for sale

Argyle Street, Sunderland SR2

Summary

This exclusive terraced house in Sunderland is a tantalising investment opportunity, brimming with potential. Being offered for sale through Secure Sale Online Bidding (terms and conditions apply), this property presents an opportunity to be a landlord of an already thriving rental business.

This property is a dynamic mix of classic design coupled with the best of modern layout. Spanning across an expansive area, this terraced house is divided into four self-contained, occupied flats, making it an ideal buy-to-let investment. The property is currently generating an impressive annual income of 29,880, making it a solid income stream.

Inside the property, the layout is notably flexible, consisting of four spacious bedrooms, catered to by four bathrooms, each fully equipped to meet the needs of the tenants. It is worth mentioning that each flat has been maintained, ensuring a high quality of living for the current residents.

The property also includes a lovely reception area, adding a welcoming touch for visitors or potential clients, located in Sunderland, a bustling city with all amenities at your fingertips, this property is excellently placed. Its proximity to key areas in the city makes it an attractive choice for renters.

This residential sale opportunity should not be overlooked by investors seeking to add a profitable property to their portfolio. To miss out on this property would be a misevaluation of its unique merits and its financial potential.

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are referred to below as The Auctioneer. This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere. Our verification process is in place to ensure aml procedures are carried out in accordance with the law

Auctioneers Additional Comments

The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price. The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change. An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments

In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.