3 bed flat for sale

Lyndhurst Terrace, Sunderland SR4

Summary

Pattinson Estate Agents are delighted to welcome to the market this excellent three-bedroom ground floor flat, located on the highly popular Lyndhurst Terrace, Pallion, Sunderland (SR4 6SQ).
This property represents an exceptional, turnkey "buy-to-let" investment opportunity, as it is being sold with a tenant in situ producing an immediate rental income of 6,300 per annum (525 pcm).
Situated in an area with consistently high rental demand, it is a hassle-free addition to any professional property portfolio.

Property Overview and Accommodation

The ground floor accommodation opens into a secure private entrance hallway leading to all primary rooms. It features a spacious lounge ideal for relaxing, a functional fitted kitchen with ample workspace, and a fitted three-piece family bathroom suite.
The sleeping arrangements comprise three well-proportioned bedrooms, including a generous master double room, a versatile second bedroom, and an additional single room. Externally, the property benefits from double glazing, central heating, and access to an enclosed rear yard.

Location and Amenities

The flat occupies a fantastic position in the heart of the SR4 district. It sits within short walking distance of the Pallion Retail Park, local schools, cafes, and supermarkets.
It is incredibly well-placed for healthcare staff working at the nearby Sunderland Royal Hospital, or students and professionals commuting into Sunderland City Centre.
Strong regional road networks and nearby Metro links ensure effortless transit across Tyne and Wear.

For further details, to request the legal pack, or to arrange an internal inspection, please contact the dedicated team at the Pattinson Sunderland Branch.

Council Tax Band: A
Tenure: Leasehold
Length of Lease: 956

Auctioneers Additional Comments

Pattinson Auction are referred to as The Auctioneer. This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer. The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website. The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer. Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively. The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures. Bids can be submitted at any time and from anywhere.

Auctioneers Additional Comments

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 or Starting Bid. These prices are subject to change. An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction. A Legal Pack associated with this 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. The deposit will form part of the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs. Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received. There is no requirement or obligation to use any recommended suppliers or services.