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 15.03 % respectively on the above advertised BUY IT NOW 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.
A
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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