Sold STC
Offers over £30,000

2 bed flat for sale in Ferndale Terrace, Pallion, Sunderland, SR4 (ref: RS0340)

Shortlist

Key features

  • Exciting Project
  • Fireplace
  • For sale by Auction
  • Integrated Appliances
  • Investment Potential
  • On-Street Parking
  • Prime Location

Video

Welcome to Ferndale Terrace. This property is a two-bedroom, one-bathroom upper flat on Ferndale Terrace. Keep reading to find out what makes this property unique!

Exciting Project:

This property is bright and spacious. With some TLC, this could become a running rental property, a little bit of money and time spent upfront could lead to a profitable and long-standing investment.

Popular Location:

This property enjoys a prime location with easy access to essential amenities as well as being only an 8-minute drive from the Bridges Shopping Centre. It is also only a 5-minute walk to Pallion Metro Station. Its convenient position ensures the property will always attract tenants.

Investment Potential:

With its location and features, this property presents an appealing investment prospect, easily providing a long-term home for a tenant while bringing in a good rental yield.

As you head upstairs you are greeted by a corner kitchen that features checkerboard back-splash tiles. This kitchen includes integrated appliances such as an oven and a hob and there is also space attached to the kitchen, to be used as a dining room or extra reception room. Then as you walk through the property, there is a bright living room, that features a traditional fireplace.

This property has two bedrooms, one double bedroom which includes a build in storage cupboard, and one single bedroom. You also have one family bathroom, complete with a bath and detachable shower head.

Externally you have on street parking to the front of the property as well as an enclosed shared yard to the rear of the house.

This house is located near many local amenities in the popular area of Pallion.


Early viewing is highly recommended.


This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).

If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The buyer will pay £300.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.50% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.


Council Tax Band: A (Sunderland City Council)
Tenure: Leasehold (999 years)
Ground Rent: £2.75 per year
Service Charge: £0 per year
Tyneside Lease
999 Years from 12/05/1981

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Stamp duty due

Based on a sale price of £30,000 the total amount of stamp duty payable will be:

*

Last updated: The calculator has been updated to reflect changes in stamp duty following the Mini Budget on 23rd September 2022.

* This value is based on the standard rate and not applicable to first-time buyers or buy-to-let / second home buyers.

7 Property images

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Further details

  • Status: Sold STC
  • Council tax band: A
  • Tenure: Leasehold
  • Reference: 613057

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