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Lot 1 - Bonners Raff, 24 Chandlers Road, Sunderland, Tyne and Wear, SR6 0AD

  • Unconditional Online Auction Sale
  • Guide Price* : £55,000
  • Bedrooms: 1
  • Bathrooms: 1
  • Reception Rooms: 1

Description

Moovd Online Property Auctions are delighted to offer For Sale via Option A – Unconditional Online Auction on the 16th October 2025 this one-bedroom loft studio apartment in the ever-popular Bonners Raff development, on the outskirts of Sunderland City centre.

Occupying a delightful riverside setting and lying within easy reach of Sunderland City centre and the beach at Seaburn, this delightful studio apartment is both well-appointed and thoughtfully designed to offer comfortable accommodation suited to the needs of a single occupant, couple or BTL Investor.

Currently let at £550 PCM or £6,600 per annum returning a yield of 12% on the advertised guide price.

The property comes with allocated parking and a recently upgraded security system, it is offered for sale with immediate vacant possession and briefly comprises: Communal Entrance, Inner Hallway, Combined Living/Kitchen Space with Privacy Screen to the Sleeping Area, Walk In Closet with door into Bathroom/WC with Shower. Allocated Parking Bay.

Interested parties, please contact the office to arrange an internal viewing.

EPC rating C.

For more information, please contact Moovd directly.

Hall -

Kitchen - 3.36m x 2.55m (11'0" x 8'4") -

Lounge - 3.51m x 2.79m (11'6" x 9'1") -

Bedroom - 3.41m x 2.95m (11'2" x 9'8") -

Storage -

Bathroom -

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.

Council Tax Band

B

Lease Start Date

01/01/2004

Lease Duration

125 years (103 years unexpired)

Annual Service Charge

£1,334

* 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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Grant Lowes
01919097020

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