2 bed flat for sale

Number 2 Glen Terrace, Washington, Tyne And Wear NE38

For sale by auction on Tuesday, 09 Sep 2025 at 12:00

Venue: Live Stream

Two Beds, One Big Opportunity – Bid, Renovate, Profit.

Discover a prime renovation opportunity at 2 Glen Terrace, Washington, NE38 7AY. This freehold two-bedroom flat, located in a peaceful residential neighborhood, awaits transformation—and offers an exceptional entry point into the property market.

** Auction Details**

-Guide Price: £20,000 - £40,000

-Sale Type: Unconditional online auction—immediate exchange on bidding success

** Property Features**

-Two bedrooms; compact and practical floorplan

-Ideal for refurbishment—finished comparable flats in the area fetch £77,000–£95,000

-Fantastic opportunity to create rental income or secure an owner-occupier project

** Location Benefits**

-Well-connected, residential street near schools, local shops, and transport

-Close to Washington town centre and surrounding hubs in Sunderland

** Why Bid?**

-Value gap: Potential equity on completion

-Fast transaction due to unconditional terms

-Strong local rental demand with similar flats achieving ~£575 pcm (£6,900 per annum)

** Viewing & Legal Info**

Contact Auction House North East for viewings and full legal pack details.

EPC Rating: Ordered

Additional Fees
Administration Charge - £3600 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.