Summary - 4 MAXTON CLOSE SUNDERLAND SR3 2RP
2 bed 1 bath Flat
Ready-made rental with garden and refurbishment potential in a comfortable suburb.
["Two bedrooms on ground floor with private rear garden","Currently let at £625 pcm — immediate rental income","Cash buyers only; lease ~42 years — limited mortgage options","Sold by auction; 56-day completion and reservation fee applies","Requires modernisation; 1970s fixtures and cosmetic work needed","Mains gas boiler, radiators and double glazing present","Cavity walls likely uninsulated — energy upgrade potential","Low local crime, fast broadband and good nearby schools"]
A small, two-bedroom ground-floor flat with a private rear garden, offered for sale at auction and available to cash buyers only. The property is currently let, producing an income of £625 pcm, which may suit investors seeking immediate rental return. Constructed in the late 1960s–1970s, the flat requires modernisation in places but presents straightforward refurbishment potential.
Important legal and practical points are clear: the lease has approximately 42 years remaining, which will limit mortgage availability and means most buyers must be cash purchasers. The sale uses the Modern Method of Auction with a 56-day completion window and a non-refundable reservation fee payable by the buyer; a Buyer Information Pack is available for the winning bidder.
Key positives include mains gas central heating, double glazing, private garden and low local crime. The area is a comfortable suburb with good local amenities and strong schools nearby, which supports lettability. Expect typical 1970s maintenance needs (updating kitchens, bathrooms, and cosmetic refurbishment); cavity walls likely lack added insulation.
This is a straightforward, value-focused opportunity for an investor or experienced cash buyer prepared to manage lease considerations and auction timelines. If planning a mortgage purchase, verify lender acceptability before bidding and factor the reservation fee and auction costs into your offer.
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