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House For Sale £120,000
The Brae, Sunderland SR2


Description
Situated on The Brae, Sunderland this mid terraced period property will attract a variety of buyers. Comprising 3 bedrooms, spacious bathroom, two reception rooms and generous sized kitchen. To the rear there is an enclosed yard.

Located in Sunderland, the property is situated in a quite cul-de-sac, just a stones throw away from Sunderland Universities Campus and Murray Library and a short walk from the Sunderland Royal Hospital. There is also a range of local amenities, bars and restaurants within a short walk away, as well as Sunderland University Metro station and major bus routes.

With the potential to attain a 13% Yield this property will be of interest to the investor Landlord. And for those looking to upgrade the price reflects accordingly.

Entrance Hall

Retaining many period features this spacious hallway leads to the main accommodation and first floor landing

Lounge

Currently being used as a double bedroom this spacious lounge has a lovely aspect

Dining Room

Spacious dining room, neutrally decorated

Kitchen

The kitchen has a range of wall and base units. Would benefit from an upgrade.

Access to the rear yard

First Floor Landing

Bathroom

Larger than average bathroom with three piece suite

Bedroom One

Double bedroom

Bedroom Two

Double bedroom

Bedroom Three

Single bedroom

External

Enclosed yard to the rear.

Auctioneer comments

This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited.

This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor (for standard Grade 1 properties). This additional time allows buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change.

Referral Arrangements:

The Partner Agent and Auctioneer may recommend the services of third parties to you. Whilst these services are recommended as it is believed they will be of benefit; you are under no obligation to use any of these services and you should always consider your options before services are accepted. Where services are accepted the Auctioneer or Partner Agent may receive payment for the recommendation and you will be informed of any referral arrangement and payment prior to any services being taken by you.

Follow the link for more information:
        
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