Modern Method of Auction
Auction date not yet published
3-bedroom flat · SR2 8EE
For saleListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideal investment opportunity – deceptively spacious three bedroom flat Situated on the highly sought-after Park Place East, Sunderland , this deceptively spacious three-bedroom flat presents an excellent opportunity for investors or buyers looking to add value.
Offering generous accommodation throughout and bursting with potential, the property would make an ideal buy-to-let investment or renovation project in a popular residential location, close to Sunderland city centre, local amenities and excellent transport links.
The accommodation is accessed via a welcoming central hallway, providing access to all principal rooms.
To the front of the property is a spacious and bright lounge, offering ample room for both living and dining furniture, creating an excellent space for relaxing or entertaining.
The kitchen is fitted with a range of wall and base units and offers plenty of scope for modernisation, allowing a purchaser to create a contemporary kitchen to their own taste.
The property benefits from three well-proportioned bedrooms , including two generous doubles and a versatile third bedroom which would also make an ideal home office, nursery or guest room.
Completing the accommodation is the family bathroom, fitted with a three-piece suite. Offering approximately 799 sq. Ft. (74.2 sq.
M.) of internal accommodation, this spacious flat provides an excellent layout with fantastic potential to enhance and add value.
Whether you're an experienced investor looking to expand your portfolio or a first-time landlord searching for a property with strong rental potential, this is an opportunity not to be missed.
Early viewing is highly recommended.
Ashbrooke is a highly sought after location, offering desirable Victorian style properties and situated close to the City Centre, offering easy access to the local shops and amenities.
The area boasts excellent communication links to the A1 and A19 (including Nissan and Doxford International Business Park), and within 25 minutes drive of both Newcastle and Durham.
Auctioneers Comments:This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period").
Interested parties personal data will be shared with the Auctioneer (iamsold). If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.
Disclaimer Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact.
All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position.
Please inform us if you become aware of any information being inaccurate.
Money Laundering Regulations Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement.
We use a specialist third party service together with an in-house compliance team to verify your information.
The cost of these checks is £82.50 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
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
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FAQ
About 28, Park Place East, Sunderland
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