Flat for sale in Worcester Terrace, Sunderland SR2

Summary

Quietly situated, yet within easy reach of Sunderland City Centre, this is a unique opportunity to acquire a period family sized home with the added benefit of an income generating annexe property used as an Airbnb.

The Main Property:

The main property is a substantial three bedroom double fronted house which offers generous accommodation and retains a number of period features and detail, it has the benefit of off street parking and a private walled garden, it has UPVC double glazing and gas central heating and briefly comprises: Entrance hall with staircase to first floor, two large receptions rooms with bay windows overlooking the garden, the principal room having a period fireplace and door leading into the kitchen/diner which is well fitted with a good range of base & wall units, work surfaces and sink unit, door to side entrance porch leading to the exterior and door into an inner lobby leading to a delightful ground floor bathroom fitted with a free standing period style bath having mixer tap/shower fitting, pedestal washbasin and low level WC.

To the first floor the landing leads to the three bedrooms, the master bedroom having a front window overlooking the garden and door leading into and ensuite shower room with pedestal washbasin, low level WC and shower cubicle with mains fed mixer shower. The second bedroom is a good size and has a window to the side elevation, whilst the third bedroom accommodates a double bed and has a window overlooking the garden. Externally the property benefits from a pleasant, private walled garden with garage door and off-street parking, the annexe property can be accessed from here.

The Annexe Property:

The annexe property is a two storey former outbuilding which has been professionally converted to a modern two bedroom dwelling which is currently generating a healthy income from use as an Airbnb. The property briefly comprises: Entrance lobby, fitted kitchen with base & wall units in white, living/dining room with patio doors leading to garden, door to stairs to first floor where the landing offers access to the bedrooms and bathroom. There is a double bedroom and a good size single bedroom, the bathroom has a three piece suite in white and mixer tap/shower fitting to bath with shower screen.

We are informed by the vendor that an income in the region of 300 per week can be generated by the Airbnb and that this could well be increased subject to review.

This is a rare opportunity to acquire a family home with its own income stream, an ideal investment proposition.

Council Tax Bands:
Main Property - A
Annexe Property - B

Council Tax Band: A
Tenure: Freehold

Auctioneers Additional Comments

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

Please be aware that any inquiry, bid or viewing of the subject property will require your details to be shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

This auction lot is being sold either by, conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.

Auctioneers Additional Comments

Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.

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.

In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification and identity process in accordance with Anti Money Laundering procedures.

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 of 5% of the purchase price of the lot subject to any special conditions detailed in the legal pack. The deposit will be a contribution to the purchase price. A non-refundable reservation fee may also be payable upon agreement of sale (Details of which can be obtained from the auctioneers website). The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.