2 bedroom flat for sale

Guide Price £62,500

Moovd Online Property Auctions are pleased to offer For Sale via Option A: Unconditional Online Auction, this refurbished, vacant, two-bedroom ground floor flat on 9th May 2024.

This light and airy ground floor flat, has undergone a full, recent refurbishment throughout and would be a prefect, immediate, BTL investment for any rental investor, looking for a hands-off investment. The potential rent would be in the region of £595 - £650 PCM returning a yield of 11.4% and 12.48% respectively on the advertised Guide Price. The flat can be sold on its own or as a pair, with the upstairs flat.

The spacious layout briefly comprises entrance hall, hallway, with practical understairs storage cupboard leading to both bedrooms, with bedroom one a double, to the front and boasting original features, including high ceilings and with a feature fireplace, bedroom two is a single to the rear and a view over the rear yard. A lounge leads you through to the rear of the property and a fitted kitchen with integrated appliances and a white family bathroom W.C to the rear. Externally is a shared rear yard with roller shutter to rear lane.

Southwick is located on the outskirts of Sunderland City centre and includes a small front street. Only a short distance away are everyday amenities including a large Sainsburys and excellent road and bus networks in and out of the City centre and around the local area.

An internal viewing is considered a 'must' and strictly by appointment only on this smart property.

EPC rating C.

For more information, please contact Moovd directly.

Porch - Accessed via UPVc double glazed door.

Hallway - Under stairs storage cupboard.

Bedroom 1 - 4.31m x 3.52m (14'1" x 11'6") - UPVc double glazed window to front, feature cast iron fire place and tiled insert and double radiator.

Bedroom 2 - 3.35m x 2.15m (10'11" x 7'0") - UPVc double glazed window to rear, double radiator.

Lounge - 4.32m x 3.55m (14'2" x 11'7") - UPVc double glazed window to rear aspect and double radiator.

Kitchen - 2.45m x 2.05m (8'0" x 6'8") - Fitted with a range of base and wall units with contrasting work surface, stainless steel sink with mixer tap and drainer unit, splash back tiling, integrated electric hob and oven, UPVc double glazed window to rear yard, composite door to rear yard and tiled floor.

Family Bathroom - UPVc double glazed frosted window to rear, white suite including w/c, pedestal hand basin, panelled bath with hand attachment, splash back tiling, wall mounted boiler, plumbed for washing machine, single radiator and tiled floor.

Externally - Rear yard with roller shutter.

Moovd may work in partnership with marketing agents on our online auction lots and act as 'The Auctioneer', throughout the sale process.

Option A - Online Unconditional Auction:

The above property is been offered for sale by Online Unconditional Auction (Traditional Auction). With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd's policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON- REFUNDABLE Administration Fee payment amounting of £3,000.00 Inc VAT (£2,500 + VAT) (This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty). A deposit payment amounting to 10% of the purchase price (or a minimum of £5,000) is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

Guide Price:

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed auction.

Prospective purchasers should also be aware that the eventual sale price may be above or below the guide price and should therefore not presume the guide to be indicative of the final expected sale price or the price the property is available at.

Reserve Price:

The property is offered subject to a Reserve Price (a figure below which we Moovd the Auctioneer cannot sell the property during the timed online auction) the reserve price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.

N.B. The reserve price may be either below or above the quoted guide price.

Anti Money Laundering Regulations

It is Moovd's policy that ALL BUYERS ARE WITHOUT FAIL AML CHECKED at point of offer via signing our Bidder Registration Form.

All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process of if they make an acceptable Pre-Auction offer, we would ask for your assistance in order that there will be no delay in agreeing the sale. In addition, we may also ask for proof of funding, where required.

Legal Pack:

Each property has a valid Legal Pack, which is a set of documentation prepared by the seller's solicitor relating to the property been offered for sale. 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. We recommend you seek the counsel of a solicitor prior to proceeding with any property purchase.

The Legal Pack is available to download via the property details on our website. Moovd take no responsibility in the accuracy of the documents contained within the legal pack.

Particulars:

Moovd have taken reasonable care to prepare particulars that correctly describe each property. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. If we provide information, or a copy of a document, we do so only on the basis that we are not responsible for the accuracy of that information or document. The particulars and the sale conditions may change prior to the timed online auction and it is your responsibility to check that you have the correct versions. If the special conditions do not contain a description of the property, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.

Viewings:

Most of our properties are available to be viewed, strictly by appointment only.

Bidding:

Pre-Auction bids maybe placed via our website: .
In order to submit a bid upon any property being marketed by us, all bidders/buyers will be required to adhere to a verification and identity process in accordance with our Anti Money Laundering procedures.
Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and the auctioneer in order that all matters can be dealt with effectively, we would ask for your co-operation in order that there will be no delay in agreeing the sale.