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 work4-bedroom house · SR5 3BQ
Listing removedListed 193 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Pattinson Estate Agents are pleased to offer for sale via online auction this rare-to-market, four-bedroom detached residence.
Occupying a generous plot in the heart of Castletown, this property represents a fantastic opportunity for investors or those looking to create a bespoke family home.
While the property requires a full scheme of modernisation, it boasts modern enhancements including owned solar panels, a recently replaced combi boiler, and significant external space.
Key Features: Detached Residence: A substantial four-bedroom property offering privacy and space. Modernisation Project: An ideal "blank canvas" for those looking to add significant value.
Generous Plot: The site is approximately 0.16 acres (7,000 sq ft), offering substantial outdoor space (please note: Plot size cannot be 100% validated).
Owned Solar Panels: Sustainable energy features already in place to help reduce future utility costs.
Extensive Outdoor Space: Large private gardens to the rear, offering potential for landscaping or further extension (subject to planning).
Ample Parking: Space for multiple vehicles via a private driveway and garage.
Property Layout: Ground Floor: A welcoming entrance hall serves as the heart of the home, leading into a light-filled, spacious living room perfect for relaxing.
The separate formal dining room offers a dedicated space for entertaining, while the kitchen and adjoining utility room provide a practical hub for family life.
The ground floor also benefits from convenient internal access to the integral garage.
First Floor: Upstairs, the landing leads to four impressively sized bedrooms, each offering a bright and airy feel.
The family bathroom is a standout feature, designed with a four-piece suite that includes both a bathtub and a separate shower cubicle equipped with a modern electric shower.
Location & Amenities: Located on a quiet residential terrace, the property is perfectly positioned for both local conveniences and regional commuting: Immediate Essentials: Just steps away from Morrisons Daily and the Castletown Post Office for everyday needs.
Shopping & Leisure: Minutes from Hylton Riverside Retail Park.
Transport Links: Excellent access to the A19 and A1231 (Wessington Way), providing direct routes to Newcastle, Durham, and Sunderland City Centre.
Green Space: Close to Hylton Castle and the River Wear for outdoor recreation.
Viewings & Legal Pack: Interested parties are strongly advised to view the property and download the Legal Pack from the Pattinson Auction platform prior to bidding.
Contact Pattinson Sunderland for more information or to arrange a viewing. 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.
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 26, Ethel Terrace, Sunderland
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