Roker Avenue, Sunderland

Summary For Sale Via Online Auction. Fees apply.

Pattinson Estate Agents are delighted to welcome to the market this excellent investment opportunity located on the highly popular Roker Avenue in Sunderland.

Offering incredible versatility for landlords and developers alike, this substantial property is configured as two self-contained residential flats under a single footprint.

The layout delivers an ideal balance of immediate returns and value-add potential, making it a fantastic addition to any buy-to-let portfolio looking to maximize overall yield.

The first-floor upper flat is a spacious two-bedroom layout that has been comprehensively renovated and updated to a high standard, making it ready for immediate tenant placement to generate instant cash flow.

Conversely, the ground-floor flat features a one-bedroom layout that is completely self-contained but requires a scheme of refurbishment and modernisation.

This presents an incoming investor with the perfect blank canvas to upgrade the space, add significant capital value, and maximize the property's long-term rental income.

The ground-floor flat comprises a private entrance door leading into a central lounge, a separate kitchen space awaiting modernisation, one well-proportioned double bedroom, and a functional bathroom suite.

The renovated first-floor flat is accessed via its own ground-floor entrance door with a dedicated staircase leading up to the landing.

This upper flat features a bright, comfortable lounge finished in neutral decor, a modern fitted kitchen with contemporary wall and base units, two separate neutrally decorated bedrooms, and a freshly updated family bathroom suite.

Externally, the property benefits from a shared rear yard with secure access and standard on-street parking to the front.

Situated in the highly popular coastal suburb of Roker, the property occupies a prime rental position within easy walking distance of the beautiful Sunderland Sea Front, beachfront promenades, and the picturesque Roker Park.

Residents will benefit from excellent local convenience, with a robust selection of shops, cafes, and supermarkets located directly on Roker Avenue.

Furthermore, the property is situated approximately two miles from Sunderland City Centre, with strong local bus routes and nearby Metro stations providing effortless commutes for working professionals and students.

Please contact our Sunderland team for further details 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.