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Manchester 0161 967 0122
19th February 2020 Auction
Lot Number - 4
SOLD AFTER AUCTION
£90,000 Guide Price (plus fees)

28 Western Hill
Sunderland
Tyne And Wear
SR2 7PH

ON BEHALF OF THE RECEIVERS - House converted into 4 flats in need of some refurbishment with potential for a gross annual equivalent income of £19,080 and currently part let on an annual equivalent income of £9,840

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  • House converted into 4 flats with potential for a gross annual equivalent income of £19,080

  • Refurbishment opportunity

  • Established area for rented accommodation

  • 0.5 mile from the city centre

  • Part let at an annual equivalent income of £9,840

Description

The property comprises a substantial two storey (plus attic) end terraced house. It has has been converted to provide four flats with the lower ground floor providing 1 x two bedroom flat, a further 2 two bedroom flat to the ground and first floors and further one bedroom flat to the attic. Two of the flats are let at a combined monthly rent of £820 and if the other two flats were let at similar rents to Flat C then the property has potential to produce a gross annual rent of £19,080.

Location

Approximately 0.5 miles from the city centre in an established area for rental accommodation. The property is positioned on Gray Road, which provides access to Ryhope Road and the A1231 inner ring road. The main A19 is located 4 miles to the south west and junction 63 of the A1(M) lies 8.5 miles to the west. Sunderland Railway Station is located less than a mile from the property and provides links to Newcastle and the wider rail network.

Accommodation

Flat A: Lower Ground Floor - bathroom (at GF), Kitchen, Lounge and two double bedrooms
Flat B: Ground Floor- lounge/kitchen, double bedroom single bedroom/study and bathroom
Flat C : First Floor - lounge/kitchen, two double bedrooms and a bathroom
Flat D : Attic Floor - lounge/kitchen, one bedroom and a bathroom

We detail the following approximate areas:

Flat A: 55.89 sq.m (602 sq.ft)
Flat B: 41.86 sq.m (451 sq ft)
Flat C: 45.33 sq.m (490 sq.ft)
Flat D: Not measured

Tenancies

Flat A is let on a periodic statutory monthly tenancy at £435 per month and Flat C is let on a statutory periodic tenancy at £385 per month.

Buyers Administration Fee

There will be a Buyer's Administration Fee of £1,800 (inc VAT) payable upon exchange of contracts.

Outside

Externally the property provides a small yard to the front with decking, and driveway to the rear with space for two cars.

Addendum

The title plan appear to exclude most of the yard at the front. Interested parties should rely on their own inspection.
Photo of Kate Lay

Kate Lay

0161 967 0122
Photo of Heather Twiss

Heather Twiss

0161 967 0122

Solicitor

Carly Blake
TLT
0333 006 0699
Carly.Blake@TLTsolicitors.com
Lot 4
£90,000 Guide Price (plus fees)
0161 967 0122
Manchester
0151 242 6754
Liverpool
0207 692 1930
London
Landwood Property Auctions is a trading name of LWA Manchester Limited a company registered in the United Kingdom under company number: 10855915. Registered Office: South Central 11 Peter Street Manchester M2 5QR. A list of directors is available at the registered office. VAT Reg Number: 277177173