2 Bed Semi-Detached House For Sale Kirkstone Avenue, Sunderland, SR5

£110,000- Semi-Detached

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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 23rd May 2024

Description

TO BE OFFERED BY ONLINE AUCTION ON 19/06/2024 11:30\r
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As an auction property the details are subject to change. Please check our website for any updates or addendum entries.\r
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Description\r
A residential investment comprising a two bedroom semi detached house which is Let at £500pcm. The property benefits from part double glazing and central heating (not tested).\r
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Location\r
Location\r
Kirkstone Avenue can be accessed from Newcastle Road (A1018) via Bartram Street. The property is located in the popular area of Fulwell and is well placed for schools, shops and transport routes.\r
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Accommodation\r
Ground Floor: Living Room, Kitchen and further Kitchen area\r
First Floor: Two Bedrooms and Bathroom/W.C\r
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Outside\r
Driveway and garage to the front. Yard to the rear.\r
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Tenure\r
The property is held Leasehold.\r
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Tenancies\r
The property is Let on an Assured Shorthold Tenancy agreement for a term of 6 months from the 17th August 2020 at a current rent of £500pcm.\r
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EPC\r
Energy Performance Asset Rating - E\r
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Buyer's Administration Fee\r
There will be a Buyer's Administration Fee of £2,400 (inc VAT) payable upon exchange of contracts.\r
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Additional Information\r
1. The information contained within the Particulars are given in good faith, but all descriptions, statements, dimensions ( these may have come from a third party source e.g. the seller, valuation reports or historic sales particulars), references to condition and permissions for the use and occupation or other details are made without responsibility and should not be relied upon as representation of fact.\r
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2. If a video walk through, or any other form of virtual tour, is provided whilst every effort is made to accurately give an overview of the property we cannot give any warranty concerning the nature, and condition of the property and the suitability thereof for any and all activities and use. The video, or tour, is provided to assist only and without responsibility and should not be relied upon as representation of fact, or replace all appropriate due diligence a prudent purchaser would make.
Agent Details
Landwood Group
Lancaster Buildings, 77 Deansgate, Manchester, M3 2BW

Investment Analysis

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Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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This is the potential achievable yield.
Potential Return-on-Cash Invested