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See how verdicts work2-bedroom flat · SR4 0FA
Listing removedListed 279 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary **75% ownership**two double bedrooms**extensive communal gardens**over 55's**free residential & vistor parking**pet friendly**sought after complex** Pattinson Estate Agents are excited to welcome to the market this two bed sheltered facility, situated in the highly sought after complex of Dovecote Meadows, Sunderland.
Ideally situated within close proximity to local shops and other amenities, great public transport and major road link via the A19.
Also with in short drive to Sunderland Hospital, Train Station and City Centre.
This modern two bedroom apartment is well presented and spacious throughout, briefly comprising:- building entrance with secure intercom and key access, elevator and stairs access to each floor.
The apartment entrance leads you to a spacious hallway with a double storage cupboard, a spacious lounge with a private balcony with open flow access to a modern kitchen, two double bedroom and a Jack and Jill wet room, which has access to the hallway and bedroom one.
The complex also provides a wide range of facilities on site including an onsite care team with the option of further care facilities, communal lounges, laundry facilities, guest suites, assisted bathing suites, unisex hair salon, a vintage clothes shop, a caf, motorised scooter storage, communal gardens, free resident and visitors parking.
Early viewing comes highly recommended to appreciate this apartment and the complex facilities provided. Please call our Houghton branch to arrange a viewing.
For sale through Pattinson Auction under Conditional Terms.
Council Tax Band: B Tenure: Leasehold Length of Lease: 113 Annual Ground Rent Amount: 150.00 Annual Service Charge Amount: 3,800.00 Service Charge Review Period: 323 Shared Ownership Percentage: 75 Building Entrance The property entrance has a secure entry system.
Once in the building there is access to each floor via a staircase or elevator. Apartment Entrance Apartment entrance leading to a spacious hallway with a double cupboard and underfloor heating.
Lounge (3.77m x 2.11m) Spacious lounge with carpet flooring, underfloor heating and French doors leading to a private balcony. The lounge also gives open flow access to the kitchen.
Kitchen (2.63m x 3.66m) Modern kitchen benefiting from a range of upper, lower and full length units with contrasting worksurfaces and matching up-stands, a stainless steel sink unit, plumbing for a washing machine and an integrated oven with a ceramic hob.
There is also the additional bonus of vinyl flooring with underfloor heating.
Bedroom One (4.47m x 3.13m) Double bedroom with carpet flooring, underfloor heating and a double glazed rear aspect window. This bedroom also give access to a Jack and Jill wet room.
Bedroom Two Double bedroom with carpet flooring, underfloor heating and a double glazed front aspect window.
Wet Room (2.43m x 2.28m) The wet room benefits from a walk-in shower, hand wash basin and W.C. Vinyl flooring, tiled splash back, under floor heating and standing aids.
External Externally this complex has large grounds, which benefit from extensive garden and seating areas. There is also a motorised scooter storage, resident and visitors parking bays.
Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
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 being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers 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.
Our verification process is in place to ensure aml procedures are carried out in accordance with the law 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, Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
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.
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.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
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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.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
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FAQ
About 63 Dovecote Meadow, Fordfield Road, Sunderland
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