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Number 2 Glen Terrace, Washington... 2 bed apartment for sale
Number 2 Glen Terrace, Washington, Tyne and Wear NE38 7AY
£20,000
Number 2 Glen Terrace, Washington, Tyne and Wear NE38 7AY
£20,000
Our Summary
- For Sale Via Livestream Auction on Tuesday 09th September Commencing at 12pm With Auction House North EastPlease register to bid via our website - auctionhouse
- Discover a prime renovation opportunity at 2 Glen Terrace, Washington, NE38 7AY
- * 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
Description
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Here is a summary of the property description in a single paragraph:
A two-bedroom flat at 2 Glen Terrace, Washington, NE38 7AY is being sold via livestream auction on September 9th, with a guide price of £20,000-£40,000. The property, which is freehold, is in need of renovation and offers a prime opportunity to create rental income or secure an owner-occupier project. Located in a peaceful residential neighborhood, the flat is close to schools, local shops, and transport, and is well-connected to Washington town centre and surrounding hubs in Sunderland. The property has a compact and practical floorplan, ideal for refurbishment, and similar flats in the area have been selling for £77,000-£95,000. The auction is unconditional, with immediate exchange on bidding success, and the property comes with a range of benefits, including a potential equity gap, fast transaction, and strong local rental demand.