3 bed cottage to buy in SR2
Tower Street West, Sunderland, Tyne and Wear, SR2 8JY
Online auction
- 3 bedroom family home
- Popular location
- Ideal investment property
- Tenant in situ - delivering £9240 per annum
3 bed cottage to buy in SR2
*** Investment opportunity *** Strong immediate rental yield ***
Pattinson estate agent are pleased to offer to Auction, this three-bedroom terraced cottage located at Tower Street West, Sunderland, Tyne and Wear, SR2 8JY presents this ready-made addition to any property portfolio.
The property is being sold with a reliable tenant in situ who currently pays £770 per calendar month. This generates an immediate, consistent revenue stream from day one, completely bypassing the typical void periods, marketing expenses, and letting agent setup fees associated with finding a new tenant.
Positioned within the highly accessible SR2 postcode area, this traditional single-story cottage offers a practical and deceptively spacious layout that appeals heavily to long-term renters. The internal accommodation features three well-proportioned bedrooms, a comfortable central living room, a functional kitchen space, and a family bathroom. Externally, the property benefits from a private rear yard, providing essential outdoor space while keeping ongoing maintenance costs exceptionally low for the incoming landlord.
The location balances strong demand with urban convenience. Situated just moments away from local schools, parks, and essential everyday amenities, the property also boasts excellent transport connections. Residents enjoy effortless access to regular bus routes, major arterial roads, and local Metro stations, ensuring a straightforward commute into Sunderland City Centre and across the wider Tyne and Wear region.
Prospective buyers are urged to register their interest early to download the legal pack, arrange a viewing, or place a secure bid. Given the robust rental yield, highly desirable location, and the hassle-free nature of an ongoing tenancy, this cottage represents an incredibly secure and high-performing buy-to-let investment opportunity.
Please contact our Sunderland team for further details
Summary
- Property Type: Cottage
- Bedrooms: 3
- Receptions: 1
- Tenure: Freehold
- Heating: Gas
- Parking: On Street
Living Room
Kitchen
Bathroom
Bedroom 1
Bedroom 2
Bedroom 3
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
ONLINE AUCTION NOTICE
I hereby acknowledge and confirm the following:
My bid may be accepted by the seller at any time before the close of the auction. It is subject to the terms and conditions of the auction which I have read and understood. I have read and understood the legal pack applicable to my bid/lot and agree to be bound by any special conditions within that pack.
If my bid is successful (whether as the highest bid or upon acceptance by the seller in the course of the auction) I shall be bound by the lot terms and conditions as advertised online.
Any amount payable at the close of the auction must be paid within 1 hour.
Please note that the bidding process will work in a different way to an eBay auction, so there is NO advantage to bidding at the last second.
Each auction will automatically stay open until there has not been a bid within the final 10 minutes. If no bid has been submitted within the final 10 minutes of the auction, the auction will close and the highest bidder will be successful subject to the reserve price being met or upon acceptance of an offer by the seller throughout the auction cycle. If there is another bid within 10 minutes of the last bid, the auction countdown timer will be restarted for another 10 minutes to allow further bidding. This system avoids last-minute (or second) bidding and makes for a fairer auction as in a live-room auction situation.
Please bid in good time before the end of the auction, delaying your bid to the last seconds may disadvantage you if your connection slows or you lose internet connectivity.
The auctioneer is not responsible for any tech issues, power outage or error messages which hampers or eliminates an individual's opportunity to bid.
It is the bidder's responsibility to ensure the bid has been lodged with the auctioneer. It is therefore beneficial to bid on your chosen lot at your earliest opportunity.
The auctioneer accepts no responsibility for bids that are not received or are received late and reserves the right to reject any bid without notice.
Minimum online bidding increments:
£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
£1.5 Million Plus - £10,000 minimum bid
Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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