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See how verdicts work1-bedroom flat · NE37 3EN
For saleListed 26 daysAuction 28 Oct · in 3 days
Opportunity summary
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About
For sale by online auction on Wednesday 28th of October 2026 at 9AM - ***fantastic opportunity to acquire A one bedroom third floor flat in the well established area of washington.
Tyne & wear***ideal for first time buyers, professionals or buy to let investors seeking A property with strong rental potential***washington is A popular well connected town, offering and excellent range of local amenities*** The accommodation offers a bright and practical layout, comprising a welcoming entrance hall, a generously proportioned lounge providing ample space for both relaxing and dining, a fitted kitchen, a spacious double bedroom with room for additional furniture, and a bathroom.
Positioned on the third floor, the property benefits from elevated views and an abundance of natural light throughout.
Washington is a popular and well-connected town, offering an excellent range of local amenities including supermarkets, retail parks, cafs, restaurants, healthcare facilities, and leisure amenities.
The nearby Galleries Shopping Centre and surrounding retail destinations provide extensive shopping and everyday conveniences.
The property enjoys excellent transport connections, with quick access to the A1(M), A19 and A1231, making commuting to Newcastle upon Tyne, Sunderland, Durham and Gateshead straightforward.
Regular bus services operate throughout the area, while nearby rail stations at Heworth and Sunderland offer wider regional and national connections.
For those who enjoy the outdoors, the area boasts an abundance of green spaces including Washington Old Hall, Herrington Country Park and the scenic James Steel Park, together with numerous walking and cycling routes.
Families and visitors alike will also appreciate the nearby Washington Wetland Centre, one of the region's most popular attractions.
Whether you're looking for an affordable first home, a low-maintenance residence, or a ready-made investment opportunity, this well-located third floor flat offers excellent value in a sought-after location with superb local amenities and transport links.
***description*** A One-Bedroom, Third-Floor Flat A third-floor flat with one-bedroom. The accommodation comprises, a living room, a kitchen, a bedroom and a bathroom.
The property is well located for amenities and transport links. Taken from the EPC, the total approximate floor area is 42m2 and the energy rating is grade D.
All services/appliances have not and will not be tested.
Tenure: Leasehold Title number: TY87571 Ground Rent: Please refer to the legal pack Service Charge: Please refer to the legal pack Council Tax Band: A Local Authority: Sunderland ***recent nearby residential property sales*** - 46, Collingwood Court, Sulgrave, Washington, NE37 3ED - 1 bedroom - sold jan'26 - £22,000 - 2, Pensher View, Sulgrave, Washington, NE37 3BH - Terraced - sold dec'25 - £50,000 - 9, Kenilworth Court, Sulgrave, Washington, NE37 3EG - Flat - sold jan'26 - £35,000 ***Washington is a town in the Sunderland district, in Tyne and Wear, It has a population of 51,318 as of 2021.
It is located between Chester-le-Street, Gateshead and South Tyneside. Washington was designated a new town in 1964.
It became part of Tyne and Wear in 1974.*** ***There are several primary, secondary schools and colleges in the villages of Washington.*** ***There is a major bus station situated at The Galleries, and another at Concord in the north of Washington.
The primary provider of transport (buses) in the area is Go North East, with local services as well as connections to Newcastle upon Tyne, Sunderland, and many other towns and cities in the region.*** ***Major roads run through Washington: The A182, the A1231 (Sunderland Highway) and the A195 all connect to the A1(M) motorway (which acts as the western boundary of Washington proper) or its feeder, the A194.
Washington Services is situated between Junctions 64 and 65 of the A1(M), and incorporates a Travelodge.*** ***Washington is situated 7.9 miles from Sunderland Railway Station*** ***Washington in Tyne and Wear offers a variety of amenities, including attractions like the wwt Washington Wetland Centre, Washington Old Hall, and the Arts Centre Washington.
There's also a Leisure Centre with a gym, swimming pool, and sports hall, as well as Hollywood Bowl for bowling and entertainment.
The town also has shopping options at The Galleries, along with various pubs and restaurants, according to a local area guide.
Additionally, there are nearby golf courses and the Durham CCC ground for cricket.*** Washington is a large town within the metropolitan borough of Sunderland, Tyne & Wear, located 7.3 miles west of Sunderland city centre and 8.1 miles southeast of Newcastle city centre.
The property, situated on Lumley Close, is just across the A182, approximately 0.7 miles from The Galleries shopping centre, which is home to national retailers such as Sainsbury's, Boots, and Nationwide.
Buy it now price: £15,000 To view legal documents for all properties, and to register for our online auctions please visit our website. Purchases are subject to a Buyer's Premium.
There may also be additional fees on certain properties. Please refer to the Articles of Roup / Special Conditions in the Legal pack to confirm.
Please note that as per the Estate Agents Act 1979 the vendor of the property is a connected party.
Value & comps
No previous sales on record.
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Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
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FAQ
About 111, Waterloo Walk, Washington
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