1 bed apartment to buy in SR2
Gray Road, Sunderland, Tyne and Wear, SR2 8DU
Online auction
- 1 bedroom ground floor flat
- Popular location
- Vacant possession
- Ideal investment property
1 bed apartment to buy in SR2
Pattinson Estate Agents are delighted to bring to the market this ground-floor flat located in Gray Court, Gray Road, Sunderland, offered for sale via our online auction.
Representing an exceptional opportunity for buy-to-let investors, downsizers, or first-time buyers, this property is situated in a highly convenient area just a short distance from Sunderland City Centre.
Properties in this specific development rarely become available on the open market, and due to the high level of anticipated interest, early enquiries and registration are strongly advised.
The property is positioned on the ground floor of the building and is accessed via a secure, locked communal entrance door that leads directly to the apartment.
The internal accommodation begins with a welcoming entrance hall that connects all primary living spaces.
This comprises a well-proportioned living room, a functional kitchen, a double bedroom, and a fitted bathroom.
The flat is being offered to the market part-furnished, making it an ideal option for those looking for a straightforward move-in or a quick turnaround for tenancy.
Externally, the development benefits from a communal car parking area providing off-street parking for residents.
The location offers excellent access to a wide range of local amenities, neighbourhood shopping, and well-respected educational facilities.
Reliable public transport links are also nearby, ensuring easy commuting across Tyne and Wear.
To find out more details about the auction process or to arrange an internal viewing, please contact our dedicated Sunderland branch team today.
Length of Lease: 958
Annual Service Charge Amount: £940.00
Service Charge Review Period: yearly
Summary
- Property Type: Apartment
- Bedrooms: 1
- Receptions: 1
- Tenure: Leasehold
- Heating: Electric
- Parking: Communal
Living Room
Kitchen
Bedroom 1
Bathroom
Floor Plan
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%, subject to a minimum £4,000 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 2.5%+ VAT to a minimum of £3,000 + VAT (£3,600 inc VAT) This does not form part of the purchase price.
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
There is no legal pack for this property.
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