Two-bedroom flat
Number 2 Glen Terrace, Washington, Tyne and Wear NE38 7AY
£20,000
9 September 2025
GUIDE PRICE
AUCTION DATE
- Flat
- 2 Bedroom(s)
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. Leasehold. Current Rating Ordered Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services. Sunderland City Council Stanton & Partners SSW Solicitors, 15 Beach Road, Ref: Stanton & Partners SSW Solicitors, Tel: 0191 427 0770 We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
2 Glen Terrace, NE38 7AY
Guide Price
£20,000
Auction Date
9 Sep 2025
Time
12:00
Venue
Online
Auctioneer
Auction House
Auction House
Auction House UK The Barn Newmarket Road Cringleford Norwich NR4 6UE
About Auction House
Auction House UK is a network of property auctioneers who cover the whole of the country. They operate over 40 auctions rooms nationwide, holding in excess of 200 auctions and selling over 3,000 properties every single year. They have won numerous industry awards over the past five years, including gaining the title of Residential Auction House of the Year and Franchise/Network Group of the Year on multiple occasions.