FOR SALE BY AUCTION - GUIDE PRICE £180,000+ FULLY LET INVESTMENT ON CRESSWELL TERRACE, SUNDERLAND - PRODUCING £1950 PER MONTH - £23,400 PER ANNUM This substantial 3 storey mid terrace property is situated on Cresswell Terrace on the fringe of Sunderland City Centre providing convenient access to shops, bars, restaurants, cafes and amenities as well as excellent transport links via Sunderland Bus & Metro Interchange, University and Royal Hospital. The property provides 3no self contained flats that are fully let offering an excellent rental income. full details relating to the rents are available upon request.
Tenancy Details - It has been advised that the following rents are payable for the property.
FLAT 1: £675 per month FLAT 2: £650 per month FLAT 3: £625 per month
Total £1950 per month - £23,400 per annum Full details in relation to the tenancy details are available upon request, the rents were advised by the landlord and correct at the time of listing. Prospective purchasers should make their own investigations in this regard as the rent can sometimes change.
Communal Entrance Hall - Leading to flat 1
Living Room - 5.31 max x x 471 max (17'5" max x x 1545'3" max) - Radiator.
Bedroom - Rear facing, radiator.
Kitchen - 2.81 x 2.86 (9'2" x 9'4") - Range of floor and wall units, double glazed window, stainless steel sink and drainer with mixer tap, wall mounted gas central heating boiler.
Living Room - 4.20 x 4.08 (13'9" x 13'4") - Front facing, radiator.
Bedroom - 2.10 x 3.16 (6'10" x 10'4") - Front facing, radiator.
Kitchen - 4.23 x 3.16 (13'10" x 10'4") - Floor and wall units, wall mounted gas central heating boiler, electric oven, gas hob with extractor over, double glazed window, storage cupboard, stainless steel sink and drainer.
Bathroom - Suite comprising of a low level WC, pedestal basin, bath with mixer tap and a shower over, radiator, double glazed window.
Flat 3 -
Bedroom - 3.73 max x 4.29 max (12'2" max x 14'0" max) - Rear facing, radiator, double glazed window.
Bathroom - Low level WC, pedestal basin, bath with mixer tap and shower attachment, radiator, double glazed window.
Living Room - 3.13 x 4.11 (10'3" x 13'5") - Double glazed window, radiator.
Kitchen - 2.56 max x 3.17 max (8'4" max x 10'4" max) - Range of floor and wall units, stainless steel sink and drainer, wall mounted gas central heating boiler.
Externally - Externally there is a front forecourt and rear yard.
Council Tax - The Council Tax Band is Band:
Flat 1: A FLAT 2: A
FLAT 3: A Under EPC remove 'Ground Floor Flat: C'. Flat 1 is G Floor and is D Flat 3 has no EPC but we can arrange?
Epc - EPC Rating:
Flat 1: D Flat 2: C Flat 3: TBC
Tenure - We are advised by the Vendors that the property is Freehold. Any prospective purchaser should clarify this with their Solicitor
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by Michael Hodgson Chartered Surveyors & Estate Agents - Sunderland. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Michael Hodgson Chartered Surveyors & Estate Agents - Sunderland for full details and further information.