4 bedroom detached for sale

£200,000 Guide Price

4

Bedrooms

1

Bathrooms

Floorplan

For sale by Conditional Online Auction T&Cs apply

Private treaty offers in excess of 210,000 will be considered and should be submitted in writing to the Good Estate Agent Sunderland along with proof of funds.

Private viewings available on request.

Ideally positioned within large grounds with additional land to the rear, a highly sought after area, and great potential, this property is likely to appeal to a wide range of buyers.

Located on Dunelm in the Barnes area of Sunderland, the property is available with vacant possession and no onward chain.

Viewing is highly recommended, please contact Graham Miller at The Good Estate Agent Sunderland for more information.

Some Vendors may consider offers prior to the auction. These offers can only be submitted via The Good Estate Agent and under auction conditions.

The accommodation comprises:

Front Gate and Gardens:

The front of the property is well presented and accessible via a secure, iron gate which encased within brick pillars and surrounded by a well-maintained brick wall with quality wood fencing. Upon entry to the grounds, you are greeted by large gardens that surround the detached cottage.

Entry and Hallway:

The secure upvc front door is accessible via both stairs and via ramp access. Upon entry you are greeted with a well-proportioned, wide hallway.

Living Room:

The large living room is located at the front of the property and benefits from a gas fireplace, surround and hearth. The large bay window provides and abundance of natural light and overlooks the front garden area.

Dining Room:

Located at the rear of the property, the large dining room is conveniently positioned, adjacent to the kitchen.

Bathroom:

The bathroom is conveniently positioned at the front of the property comprises a large bath with shoer unit, toilet, and wash basin.

Kitchen:

The large kitchen is situated at the rear of the property and has significant development potential.

Utility Room:

Accessible directly from the kitchen, the large utility room is home to the newly installed gas combi boiler and leads directly to the rear and side garden areas.

Gardens:

The large gardens are significantly proportioned and provide an abundance of opportunity for development. With a significant amount of land to the rear and side aspects of the cottage.

Garage:

A very large, double garage is located at the rear of property and is accessible via the rear garden.

Bedroom 1:

Overlooking the front garden area, the largest of the bedrooms is significantly proportioned and benefits from double glazing, flooring and well positioned radiator.

Bedroom 2:

Overlooking the front garden area, the room is significantly proportioned and could be utilised as a master bedroom. Currently benefitting from fitted wardrobes.

Bedroom 3:

Overlooking the rear garden area, the room is significantly proportioned and could be utilised as a master bedroom. Currently benefitting from fitted wardrobes.

Bedroom 4:

Overlooking the rear garden area, the room is one again significantly proportioned. With easy access to the garden area through double glazed French doors. Benefitting from large, fitted wardrobes currently.

W/C:

Conveniently positioned within close proximity of all bedrooms, the w/c consists of a toilet and wash basin.

Central Heating:

A recently installed and well-maintained gas combi boiler aids an enviable EPC rating of C.

Auction

For Sale via Good Property Auctions via Online Auction powered by Bamboo Auctions.

The auction will be exclusively availableonline via our website including the legal pack information.

The registrationprocessis extremelysimple and free. Please visit the Good Property Auctions website for more details.

And register button can be found on this pageor by clicking into the individuallisting.

Stage 1) Register your email address, create a password and confirmyour account.

Stage 2) View the legal pack and arrange any viewings

Stage 3) If you would like to bid, use the dashboard button and complete your ID check and enter your payment and solicitors details

Stage 4) You are ready to bid - Good Luck!

No deposit monies are required before you bid.

Guide price(s) are an indication of the sellers expectation. Reserve price(s) are a figurebelow which the auctioneer cannot sell the lot at auction. The reserve price is not disclosedand remains confidential between the seller and the auctioneer and is set within the guide range.

A legal pack and special conditions are available to download to anyone who has registered. It is the purchasers responsibilityto make all necessary legal and financial enquiriesprior to placing any bids.

Some Vendors may consider offers prior to the auction. These offers can only be submitted via The Good Estate Agent and under auction conditions. The complete legal pack would need to be inspected before an offer would be considered.

Please get in touch if you have any questions regarding Online auctions or would like to arrange a viewing.


Council Tax Band

The council tax band for this property is D.



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 157700

Mortgage Loan to Value

%

Gross Yield

%

Annual ROI

%

Annual Rental Profit

£

Cumulative Rental Profit

£

Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 5000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 7700
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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£
  %

This is the percentage of the rent that you will spend maintaining the property.

£

Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

£

Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
    £

    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
    £

    Cumulative Rental Profit = Annual rental profit x Time of Investment

Adjust these figures

  %

This is the assumed rate of house price inflation.

Final Property Value

£

This is the property value at the end of the investment based on an assumed rate of % house price inflation.

Notes

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