Cairo Street, Sunderland, Tyne and Wear, SR2 8QN
Sunderland, Tyne and Wear, See map
£35,000
Guide Price
Property Summary
Spacious three-bedroom mid-terraced cottage offering an excellent investment opportunity with long-standing tenants in situ currently paying £425 PCM.
The property comprises three double bedrooms, comfortable living accommodation, a fitted kitchen, and family bathroom facilities, making it well suited for continued rental demand.
The property has been maintained throughout the tenancy and provides immediate rental income from completion, ideal for landlords seeking a ready-made investment opportunity.
Being sold via auction, and with reserve and auction fees included, the property produces an attractive average gross yield of approximately 11%. Conveniently located close to local amenities and transport links, this is an excellent opportunity for both new and experienced investors alike.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
The property comprises three double bedrooms, comfortable living accommodation, a fitted kitchen, and family bathroom facilities, making it well suited for continued rental demand.
The property has been maintained throughout the tenancy and provides immediate rental income from completion, ideal for landlords seeking a ready-made investment opportunity.
Being sold via auction, and with reserve and auction fees included, the property produces an attractive average gross yield of approximately 11%. Conveniently located close to local amenities and transport links, this is an excellent opportunity for both new and experienced investors alike.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Full Details
Lounge 3.78 x 4.27
With carpet flooring, double glazed bay window, fire surround, carpet and storage cupboard
Dining Room 4.51 x 4.15
With carpet flooring, double glazed bay window, carpet and storage cupboard
Kitchen 3.28 x 2.55
With a range of wall and base units, electric oven and hob with extactor fan, plumbing for a washing machine, double glazed window and access to rear
Bathroom 1.99 x 1.85
Pannelled bathroom suite, with bath tub, w/c, wash hand basin and radiator
Downstairs Bedroom 2.54 x 2.74
With carpet flooring, radiator and double glazed window
Bedroom 1 6.13 x 2.68
With carpet flooring, radiator, storage cupboard and velux window
Bedroom 2 2.26 x 3.40
With carpet flooring, radiator, storage cupboard and velux window
Material information
The information below has been provided by the vendor and may not be accurate. Please refer to the property’s Buyer Information Pack via IAMSOLD (You can download this on the right hand side of the page) or speak to the Auction Specialist for the most up to date information.
Disclaimer
1/ Holbrook Estate Agents has not tested any services, appliances or heating and no warranty is given or implied as to their condition. 2/ All measurements are approximate and intended as a guide only. All our measurements are carried out using a regularly calibrated laser tape but may be subject to a margin of error. 3/ We believe the property is freehold but we always recommend verifying this with your solicitor should you decide to purchase the property. 4/ Fixtures and fittings other than those included in the above details are to be agreed with the seller through separate negotiation. 5/ All EPC`s are generated by a third party and Holbrook Ltd accepts no liability for their accuracy.