Floorplan
Map
Area stats2 bedroom apartment for sale
Key information
Features and description
- 1 bedroom top floor apartment
- Desirable location
- Tenant in situ
- Currently generating £7200 per annum
Video tours
Pattinson Estate Agents are delighted to present to auction this fantastic top floor apartment, ideally located on the picturesque and leafy avenue of Park Place West, Sunderland. This property offers an excellent opportunity for investors and homeowners alike, thanks to its highly desirable setting and impressive rental yield.
Location Benefits
•Situated in a sought-after area with access to well-respected education facilities.
•Conveniently placed for local amenities and shopping.
•Easy access to the wider North East via comprehensive road and public transport networks.
•Private street with gated access at one end, enhancing security and exclusivity.
Accommodation Details
Upon entering the building, residents are welcomed by a well-presented communal area. The communal staircase leads to the top (1st) floor, where you access the apartment via a private door. Inside, a split-level staircase brings you first to a well-appointed bathroom. Continuing upwards, you reach a spacious landing that provides access to the following rooms:
•Kitchen: Well-equipped and conveniently located.
•Living Room: Generously sized, perfect for relaxation and entertainment.
•Bedroom: Equally well-proportioned, offering comfortable living space.
External Features
•Shared communal garden to the front, ideal for enjoying the outdoors.
•Property positioned on a private street within a highly popular location.
•Gated access on one side for added privacy and security.
Investment Information
This apartment is offered with a tenant in situ, generating an annual rental income of £7,200. It represents a turnkey investment opportunity, ideal for those looking to start or expand their property portfolio. The reliable income stream and minimal management required make it particularly attractive to investors.
Viewing and Enquiries
We anticipate significant interest in this property due to its appealing features and prime location. Early viewing is highly recommended to fully appreciate the accommodation and investment potential on offer.
For further details or to arrange a viewing, please contact our Sunderland branch.
Council Tax Band: A
Tenure: Leasehold
Length of Lease: 977
Rooms
Living Room
Kitchen
Bedroom 1
Bathroom
Landing/office
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 fee which could be up to 7,200 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.
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