• GROUND FLOOR FLAT +
• FREEHOLD +
• RECENTLY DECORATED +
• TWO BEDROOMS +
• PRIVATE REAR YARD +
• COUNCIL TAX BAND A +
• EPC GRADE C +
• POTENTIAL YIELD 10% YIELD +
• BID TO PURCHASE +
• AUCTION +

Welcome to Richmond Road, South Shields - a charming property with great potential! This delightful ground floor flat boasts a cosy reception room, two lovely bedrooms, and a convenient bathroom, making it a perfect choice for first-time buyers or landlords looking to expand their portfolio.

Situated in a desirable location, this property offers 646 sq ft of living space and carries a rich history, having been built in 1900. With its classic charm and character, this house presents a fantastic opportunity for those seeking a new home or investment property.

Currently vacant and available for auction, this property is a blank canvas waiting for someone to make it their own. Whether you're looking to take your first step onto the property ladder or grow your rental income, this house on Richmond Road is a promising choice.

Entrance Hallway -

Lounge - 4.2 x 4 (13'9" x 13'1") - Neutrally decorated lounge with grey carpet and spotlights to the ceiling.

Kitchen - 3.2 x 2.65 (10'5" x 8'8") - This modern kitchen boasts a range of white gloss wall and base units with contrasting work surfaces and work tops. There is a gas hob with integrated electric over and extractor over. Plumbing for washing machine and space for dryer. Integrated fridge and freezer.

Bedroom - 3.65 x 3.45 (11'11" x 11'3") - neutrally decorated bedroom with bay window, fitted wardrobes and grey flooring.

Bedroom - 3 x 2.6 (9'10" x 8'6") - Neutrally decorated bedroom with grey flooring

Bathroom - The bathroom consists of a three piece suite with shower over the bath, vanity wash hand basin and wc. Metro brick tiling.

External - Yard to the rear.

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

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 of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.