Houghton Street, Millfield, Sunderland, Tyne and Wear, SR4 7DY

FOR SALE VIA ONLINE AUCTION (FEE'S APPLY)

Pattinson Estate Agents are delighted to offer to the market this versatile one-bedroom cottage, set in the sought-after Millfield area of Sunderland. This charming property presents a fantastic opportunity for both first-time investors and those looking to expand their portfolio. Location Benefits The property is ideally situated for convenient access to a wide range of local amenities, shopping facilities, and highly regarded educational institutions. Its prime location also serves as an excellent base for commuting to Sunderland city centre and the wider North East region, thanks to comprehensive road networks and public transport links. The Metro train station is only a short stroll away, ensuring ease of travel for residents. Accommodation ( Please note, we have not internally inspected this property and internal images are reflective of a previous condition) • Entrance Hall: A welcoming space that sets the tone for the rest of the property. • Living Room: Spacious and comfortable, with potential to be repurposed or adapted to suit your needs. • Open Plan Kitchen: Well appointed , offering flexibility for modern living arrangements. • Bedroom: A well-proportioned double bedroom, perfect for relaxation. • Bathroom: Fitted with essential fixtures and amenities for convenience. External Features To the rear of the property, there is a convenient yard area, suitable for outdoor storage or as a small seating area. Versatile Layout This cottage offers excellent versatility, allowing the existing layout to be adapted according to your requirements. The current living room can be repurposed, and the open plan kitchen and lounge configuration provides a flexible space ideal for modern lifestyles. Investment Highlights • Tenant in Situ: The property is being sold with a reliable tenant already in place, ensuring immediate rental income. • Desirable Location: Popular with tenants due to close proximity to transport links and amenities. • Ready-made Portfolio Addition: Perfect for new or established landlords. Arrange a Viewing This ready-made investment is expected to attract significant interest. Early viewing is strongly recommended to avoid disappointment. For further details or to arrange a viewing, please contact our Sunderland team.

Council Tax Band: A Tenure: Freehold

Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. 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 to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders 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.

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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.