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Property Details
Investment Details
Property Description
Available with immediate vacant possession, this spacious 2 bedroom mid terraced cottage is situated in a popular buy to let area of Sunderland. Previously let out at £475pcm with scope to increase this to £550 with some improvement works.
We have negotiated a reduction in price directly with the seller to avoid stamp duty for the purchase, saving around £1,200 on SDLT in addition to the £5,000 discount on the property.
Internally the property briefly comprises of; vestibule, reception hall, large double bedroom, single bedroom, lounge, spacious kitchen, utility area, and partially tiled house bathroom.
Externally, there is a large rear yard accessed via a remote roller shutter.
This property would make an ideal investment opportunity to buy, refurbish and refinance later on at the improved value.
The location offers excellent transport links, with convenient access to neighbouring areas. Metro links from Sunderland City provide easy connections to Newcastle City Centre and South Shields. Furthermore, road links to the A1 and A19 make traveling throughout the region a breeze, with the Tyne Tunnel providing access to various destinations in the North East.
Property Type
Terrace
Bedrooms
2
Bathrooms
1
Tenure
Freehold
EPC Rating
E
Sourcing Fee
£5,000
Contact Us
+44 (0)330 1336 189
Reservation Process
Interested in purchasing an investment property listed by Property Guru? Once you have viewed and done your due diligence on the property offered and decided you want to proceed with a purchase you will be asked to sign a 'Sourcing Agreement'. This agreement is in place to protect you as a buyer and Property Guru as a company.
You will be asked to pay 50% of the 'Sourcing Fee' (deposit) upon offer acceptance on your chosen property and 50% upon exchange of contracts of the purchase. The 'Deposit' is refunded to you if the seller withdraws from the sale or if there are significant issues found on survey meaning you cannot proceed with the purchase due to it no longer being a viable investment. Full details are listed in the agreement and we are happy to provide a copy upon request before entering into any agreement.
Disclaimer
Property Guru is not a licensed investment advisor or estate agent and is not authorised by the Financial Conduct Authority to provide investment or financial advice.
Property Guru makes no representations and gives no warranties as to the accuracy of the information provided and potential investors should not rely on it but should take independent legal, financial or other professional advice before entering into any agreement.
For full terms and conditions please visit our Terms and Conditions page. Property Guru is a trading name of Simon Ellis Estates Limited (10844210).