We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work1-bedroom flat · NE38 8NJ
For saleListed 15 daysAuction 11 Nov · in 17 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
First and Second Floor Apartment with One Bedroom
A first and second floor apartment with one bedroom. The accommodation comprises, a bedroom and bathroom on the first floor and living room and kitchen on the second floor.
The property is well located for amenities in the centre of Washington, along with transport links to Sunderland, Gateshead and Newcastle.
The total approximate floor area, taken form the EPC is 47m2 and the energy rating is C. All services/appliances have not and will not be tested.
Tenure: Leasehold Title number: TY422771 Length of Lease/Term: Please refer to the legal pack Ground Rent : Please refer to the legal pack Service Charge: Please refer to the legal pack Council Tax Band : A Local Authority: Sunderland
Finance is available on this lot. For a decision-in-principle visit togethermoney.com/amydip/
Tenure
Leasehold.
IMPORTANT INFORMATION
Buying at auction is a contractual commitment, you are legally obliged to buy the lot on the terms of the sale memorandum at the price you bid.
If you are the successful bidder, you are required to pay the deposit and auction fees immediately.
As agent for the seller, we treat any failure to satisfy your obligations as your repudiation of the contract and the seller may then have a claim against you for breach of contract.
You must not bid unless you wish to be bound by the common conditions of auction.
ANTI-MONEY LAUNDERING REGULATIONS
In accordance with Anti-Money Laundering Regulations, two forms of identification and confirmation of the source of funding will be required from the successful purchaser.
Every effort has been made to confirm the accuracy of the lot details including any defect in the title both with the vendor and their solicitor.
Auction House will not be held responsible for any failure to disclose any such defects.
Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.
Please refer to legal pack for additional fees and the Auction Information document for guidance prior to bidding.
Energy Efficiency Rating (EPC)
Current Rating C
Local Authority
Sunderland City Council
Solicitors
Womble Bond Dickinson (UK) LLP, Ballard House, Ref: Womble Bond Dickinson (UK) LLP, Tel: 0345 415 0000
Offered in association with
Spicerhaart Corporate Sales
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable.
Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Administration Charge - No fee applicable.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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.
Area
Agent & docs
FAQ
About 9 Sherringham House, Station Road, Washington, Tyne and Wear NE38 8NJ
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