2 bed semi-detached house to buy in SR5

Ringwood Square, Sunderland, Tyne and Wear, SR5 5NG

Brochure

Bedrooms: x 2

Bathrooms: x 1

Receptions: x 1

Tenure: Freehold

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Starting bid£50,000

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Key Information

Council tax: Band A
EPC rating: C
Heating supply: Gas
Electricity: National Grid
Broadband: ADSL copper wire
Mobile signal: Good
Parking: Driveway

Property features

2 bedroom semi-detached house
Desirable location
Vacant possession
Ideal investment property

2 bed semi-detached house to buy in SR5

Pattinson Auction are delighted to welcome to the market this two-bedroom end-terrace property situated in the highly popular and desirable rental location of Redhouse, Sunderland.

Offering a fantastic footprint and excellent potential, this property represents an ideal opportunity for property investors, developers, or buy-to-let landlords looking for their next refurbishment project.

The ground floor layout comprises a well-proportioned living room that leads through to a separate kitchen area at the rear. Upstairs, the first floor features a landing connecting two good-sized bedrooms and a family bathroom.

Externally, the front of the property features a private driveway providing coveted off-street parking.

The property is in need of full refurbishment throughout, allowing a buyer the perfect blank canvas to add significant value and tailor the finish to their own standard.

Situated in a highly sought-after rental pocket of Sunderland, the home is ideally placed to command an excellent yield once renovated due to strong local tenant demand.

Situated on Ringwood Square, the property benefits from excellent transport links across Sunderland and the wider Tyne and Wear region. Residents will enjoy easy access to a variety of local amenities, well-regarded schools, and major road networks including the A19 for easy commuting.

Early viewing is highly recommended to fully appreciate the massive scope and potential this property has to offer.

Living Room

Kitchen

Bedroom 1

Bedroom 2

Bathroom

Videos

360 video

Open map Street view

This property is being sold subject to unconditional reservation fee auction terms and conditions.

Timescales

Contracts will exchange immediately. There are 28 days in which to complete the purchase.

Legal Pack

A legal pack is available to download. Special conditions may apply.

We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.

Deposit

In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.

The deposit is non-refundable.

Buyer Fees

This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.

A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.

More Information

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

ONLINE AUCTION NOTICE

I hereby acknowledge and confirm the following:

My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.

If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.

Any amount payable at the close of the auction must be paid within 1 hour.

Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.

Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.

Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.

The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.

It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.

The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.

Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid

Please note this bidding process applies specifically to online auctions.

More Information is available:

For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk

The legal pack is not yet available. The auction will not end until the legal pack has been made available here for at least 24 hours.

Heating supply: Gas
Electricity supply: National Grid
Water supply: Direct mains water
Sewerage supply: Standard UK domestic
Air conditioning: No
Broadband: ADSL copper wire
Mobile signal: Good

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