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EPC
Guide price
£115,000

5 bedroom terraced house for sale

Peel Street, Sunderland, Tyne and Wear, SR2 8ED
Auction
Added yesterday
Terraced house
5 beds
2 baths
Added yesterday

Key information

TenureFreehold
Council taxBand A
Mobile signal
EEO2ThreeVodafone

Features and description

  • For sale via online auction
  • Substantial 5 bedroom property
  • Huge potential
  • Tenant in situ
Pattinson Estate Agents are delighted to present this substantial terraced property, perfectly positioned in the highly sought-after SR2 postcode of Sunderland. This is a prime opportunity for savvy investors to acquire a high-capacity asset with a proven income stream and significant "value-add" potential.
The Opportunity
This property isn't just a standard terrace; it is a versatile investment vehicle. With a Certificate of Lawful Existing Use for 6 bedsits already in place, the groundwork for a high-density, high-return rental strategy.
Key Investment Highlights:
Instant Income: Currently generating £700 PCM (£8,400 per annum) with a tenant in situ, ensuring cash flow from day one.
Substantial Footprint: A generous internal layout featuring 5 spacious bedrooms, 2 reception rooms, and 2 bathrooms—ideal for multi-occupancy living.
Capital Appreciation: The property is subject to a Sunderland Council Improvement Order. This provides a clear blueprint for modernization, allowing an investor to renovate, add value, and potentially significantly increase the rental yield.
Prime Rental Location: Located in the heart of SR2, an area consistently in demand due to its proximity to local amenities, transport links, and the city centre.
Why Invest Here?
Whether you are looking to retain the current layout or execute a full refurbishment to satisfy the improvement order and maximize the 6-bedsit potential, this property offers a rare "blank canvas" for professional portfolio growth.
Viewings & Legal Pack
Due to the high-yield nature of this property and its unique legal status, we anticipate strong interest. We recommend an immediate viewing to appreciate the scale of the building and an early download of the legal pack to prepare for the auction.
Contact our Sunderland team today to secure your viewing.

Council Tax Band: A
Tenure: Freehold

Rooms

Living Room

Dining Room

Kitchen

Bedroom 1

Bedroom 2

Bedroom 3

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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Area statistics

Crime score
High crime
10/10
Home prices (average)
5 bedroom terraced houses
£327,282

About this agent

Pattinson - Sunderland
Pattinson - Sunderland
51 Fawcett Street Sunderland SR1 1RS
0191 686 1657
Full profileProperty listings
Pattinson Estate Agency is an award-winning family-run business that was Launched in 1977 on Independence Day. This is no coincidence, as independence is central to our company ethos. We are the most recognised estate agency in the North East, and in that time we have grown from 1 office to 28, with 300 members of staff, and we officially sell more properties in the North East, than any other estate agency. However, we don’t just sell houses! Our many property services include sales, lettings (property management), auction, commercial, financial services, conveyance and surveys, and we have it all under one roof! We can be contacted 6 days a week at extended hours, as we have a dedicated Regional Team who take the overspill calls from our 28 branches, so all client relationships are built and maintained. At Pattinsons, we are innovative leaders in the property industry, with pro-active selling, a reliable reputation, and substantial repeat business. Our national secure sale department, ‘Pattinson Auction’, was launched 33 years ago, and is going from strength to strength. As serious players in the field of digital marketing, we successfully utilise the social media platforms TikTok, Facebook and Instagram as part of our extensive marketing process. We have a wealth of knowledge and an expansive network to help find the best solution for you and your property requirements. You can trust Pattinsons, the North East’s leading estate agency.
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