- FOR SALE VIA AUCTION +
- FIVE BEDROOM HMO +
- TWO BATHROOMS +
- COMMUNAL LOUNGE & KITCHEN +
- GENERATING £1,080PCM +
- GREAT INVESTMENT +
Located in a prime position close to Sunderland Royal Hospital, transport links, and local amenities, this five-bedroom HMO presents an excellent investment opportunity. Currently generating £1,080 PCM under a secure five-year lease, the property offers consistent rental income in a high-demand area. The accommodation comprises an entrance hallway leading to two ground-floor bedrooms, a communal lounge, and a communal kitchen with access to the rear garden. On the first floor, there are three further bedrooms along with two bathrooms, providing practical and comfortable shared living arrangements. Externally, the property benefits from a communal yard to the rear. Additional features include double glazing and gas central heating, enhancing energy efficiency and tenant comfort. This is a well-positioned, income-generating property with strong rental yields and long-term potential, ideal for landlords or investors seeking a ready-made asset in a sought-after location.
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 4.50% 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. Payment varies but will be no more than £450.00. These services are optional.