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"Guide Price £85,000

Moovd Online Property Auctions are delighted to offer For Sale via Option A Unconditional Online Auction, a pair of two bedroom flats, on 19th June 2025.

The ground floor flat is Let at £595 PCM with the upstairs currently vacant, with a potential income of £14,280 per annum returning a yield of 16.80 % respectively on the above advertised Guide Price.

This light and airy ground floor flat 95 has undergone a full, recent refurbishment throughout and is a perfect immediate BTL investment for any rental investor looking for a hands off investment. The spacious layout briefly comprises entrance hall, hallway, with practical understairs storage cupboard leading to both bedrooms, with bedroom one a double, to the front, boasting original features, including high ceilings with a feature fireplace, bedroom two is a single to the rear and a view over the rear yard. A lounge leads to the rear of the property and a fitted kitchen with integrated appliances and a white family bathroom W.C. Externally is a shared rear yard with roller shutter to lane.

The first floor flat 97 , has undergone a full, recent refurbishment also and briefly comprises entrance vestibule with staircase to first floor landing, both bedrooms are to the front of the accommodation, with a central lounge leading into the rear fully fitted impressive kitchen with access to the rear yard, via rear staircase. A large white family bathroom W.C concludes the living space. Externally is a rear yard with roller shutter and front forecourt.

Southwick is located on the outskirts of Sunderland City centre and includes a small front street. Only a short distance away are everyday amenities including a large Sainsburys and excellent road and bus networks in and out of the City centre and around the local area.

An internal viewing is considered a must and is strictly by appointment only.

EPC rating C & D.

Buyers Premium £1000 VAT.

For more information, please contact Moovd directly.

Porch Accessed via UPVc double glazed door.

Hallway Under stairs storage cupboard.

Bedroom 1 4.31m x 3.52m 14 1" x 11 6" UPVc double glazed window to front, feature cast iron fire place and tiled insert and double radiator.

Bedroom 2 3.35m x 2.15m 10 11" x 7 0" UPVc double glazed window to rear, double radiator.

Lounge 4.32m x 3.55m 14 2" x 11 7" UPVc double glazed window to rear aspect and double radiator.

Kitchen 2.45m x 2.05m 8 0" x 6 8" Fitted with a range of base and wall units with contrasting work surface, stainless steel sink with mixer tap and drainer unit, splash back tiling, integrated electric hob and oven, UPVc double glazed window to rear yard, composite door to rear yard and tiled floor.

Bathroom UPVc double glazed frosted window to rear, white suite including w c, pedestal hand basin, panelled bath with hand attachment, splash back tiling, wall mounted boiler, plumbed for washing machine, single radiator and tiled floor.

Externally Rear yard with roller shutter.

Porch Accessed via UPVc double glazed door, staircase to landing.

Landing Open spindle banister and loft access.

Bedroom 2 2.53m x 2.13m 8 3" x 6 11" UPVc double glazed window to front aspect and single radiator.

Bedroom 1 3.61m x 4.41m 11 10" x 14 5" UPVc double glazed window to front aspect and double radiator.

Lounge 4.45m x 3.53m 14 7" x 11 6" UPVc double glazed window to rear aspect and double radiator.

Kitchen 2.48m x 2.10m 8 1" x 6 10" Fitted with a range of base and wall units with contrasting work surface, stainless steel sink with mixer tap and drainer unit, splash back tiling, integrated electric hob and oven, extractor hood over, plumbed for washing machine, UPVc double glazed window to rear yard, rear staircase to composite door to rear yard and vinyl floor.

Bathroom UPVc double glazed frosted window to rear, white suite including w c, pedestal hand basin, panelled bath with hand attachment, cladding to splash back, cupboard housing wall mounted boiler, single radiator and vinyl floor.

Moovd may work in partnership with marketing agents on our Online Auction Lots and act as The Auctioneer , throughout the sale process.

Option A Online Unconditional Auction

The above property is offered for sale by Online Unconditional Auction Traditional auction . With this method of sale, both seller and buyer are required to complete the transaction, within the timeframe stated in the General Conditions and Special Conditions of Sale. It is Moovd s policy that all buyers are without fail AML checked at point of Registration. The buyer is then required to make a NON REFUNDABLE Administration Fee payment amounting to £3,000.00 Inc VAT £2,500 VAT This fee IS PAID in addition to the purchase price and will be chargeable and calculated towards stamp duty . A deposit payment amounting to 10% of the purchase price or a minimum of £5,000 is also required from the successful buyer. The seller may charge additional fees payable upon completion. If applicable, such fees are detailed within the Special Conditions of Sale. Buyers are deemed to bid in full knowledge of this.

Guide Price

Guides are provided as an indication of each seller s minimum expectation. They are not necessarily figures which a property will sell for and may change at any time during the timed Auction.

Prospective purchasers should also be aware that the eventual Sale Price may be above or below the Guide Price and should therefore not presume the Guide to be indicative of the final expected Sale Price or the price the property is available at.

Reserve Price

The property is offered subject to a Reserve Price a figure below which we Moovd the Auctioneer cannot sell the property during the timed Online Auction . The Reserve Price will be set somewhere within the Guide Range or no more than 10% above a single figure Guide Price.

N.B. The Reserve Price may be either below or above the quoted Guide Price.

Anti Money Laundering Regulations

It is Moovd s policy that ALL BUYERS ARE WITHOUT FAIL AML CHECKED at point of offer via signing our Bidder Registration Form.

All buyers will be asked to produce two forms of identification documentation, either as part of the Bidder Registration process or if they make an acceptable Pre Auction offer, we would ask for your assistance in order for there to be no delay in agreeing the sale. In addition, we may also ask for proof of funding, where required.

Legal Pack

Each property has a valid Legal Pack, which is a set of documentation prepared by the seller s solicitor relating to the property being offered for sale. The legal documentation enables all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers obligations and sellers commitments. We recommend you seek the counsel of a solicitor prior to proceeding with any property purchase.

The Legal Pack is available to download via the property details on our website. Moovd take no responsibility in the accuracy of the documents contained within the Legal Pack.

Particulars

Moovd have taken reasonable care to prepare particulars that correctly describe each property. The particulars are based on information supplied by or on behalf of the seller. You need to check that the information in the particulars is correct. If we provide information, or a copy of a document, we do so only on the basis that we are not responsible for the accuracy of that information or document. The particulars and the sale conditions may change prior to the timed Online Auction and it is your responsibility to check that you have the correct versions. If the special conditions do not contain a description of the property, you take the risk that the description contained in the particulars is incomplete or inaccurate, as the particulars have not been prepared by a conveyancer and are not intended to form part of a legal contract.

Viewings

Most of our properties are available to be viewed, strictly by appointment only.

Bidding

Pre Auction bids may be placed via our website
In order to submit a bid upon any property being marketed by us, all bidders buyers will be required to adhere to a verification and identity process in accordance with our Anti Money Laundering procedures.

Please be aware that any inquiry, bid or viewing of the property will require your details to be shared between both the marketing agent and the Auctioneer in order that all matters can be dealt with effectively. We would ask for your co operation so there will be no delay in agreeing the sale.

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