1 Bed Flat For Sale

Tenanted 1-Bedroom Flat - Popular SR5 Location - Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £34,000.


A well-presented one-bedroom tenanted apartment situated in the highly sought-after SR5 area, ideally positioned close to a local supermarket, park, and excellent transport links. The property is approximately 1 mile from the Metro and conveniently located near major bus routes, making it attractive to both current and future tenants.

Currently achieving £500 PCM, the flat offers clear potential for rental uplift, appealing to investors seeking strong yields. There is professional management already in place, with a full tenant history available, providing confidence and continuity for any incoming landlord.

Internally, the property benefits from:
- Freshly painted white walls
- Recently fitted grey carpets
- A modern, modest bathroom with cladding and an over-bath shower.
- A newly installed Main eco boiler
- Up-to-date electrical certification, included within the legal pack
This is an excellent turnkey investment opportunity in a consistently popular rental area.

Auctioneers Additional Comments:

Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.

This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.

The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via the Marketing Agents or via The Auctioneers website.

Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both any marketing agent and The Auctioneer in order that all matters can be dealt with effectively.

The property is being sold via a transparent online auction.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure that AML procedure are carried out in accordance with the law.

The advertised price is commonly referred to as a 'Starting Bid' or 'Guide Price', and is accompanied by a 'Reserve Price'. The 'Reserve Price' is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the 'Guide Price' / 'Starting Bid'.


A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.

Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.

Both the Marketing Agent and The Auctioneer may believe necessary or beneficial to the customer to pass their details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.


Council Tax Band: A (Sunderland Council)
Tenure: Leasehold (999 years)