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

Open House Viewing (no need to book) Wednesday 27th August at 4.15pm until 4.45pm 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.

Tenure

Leasehold.

Energy Efficiency Rating (EPC)

Current Rating Ordered

Services

Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.

Local Authority

Sunderland City Council

Solicitors

Stanton & Partners SSW Solicitors, 15 Beach Road, Ref: Stanton & Partners SSW Solicitors, Tel: 0191 427 0770

Additional Fees

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

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